Farmland Partners Inc. (NYSE:FPI) Stock Holdings Increased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Farmland Partners Inc. (NYSE:FPI) by 77.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,826 shares of the financial services provider’s stock after buying an additional 4,723 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Farmland Partners were worth $135,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Park Avenue Securities LLC bought a new stake in shares of Farmland Partners in the 3rd quarter valued at approximately $108,000. Diligent Investors LLC acquired a new stake in shares of Farmland Partners during the third quarter worth $110,000. New York State Common Retirement Fund lifted its position in shares of Farmland Partners by 25.3% in the 3rd quarter. New York State Common Retirement Fund now owns 17,293 shares of the financial services provider’s stock worth $177,000 after buying an additional 3,492 shares during the last quarter. Millburn Ridgefield Corp boosted its holdings in shares of Farmland Partners by 16.5% in the 3rd quarter. Millburn Ridgefield Corp now owns 17,868 shares of the financial services provider’s stock valued at $183,000 after buying an additional 2,528 shares during the period. Finally, Catalyst Capital Advisors LLC boosted its holdings in shares of Farmland Partners by 16.5% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 17,868 shares of the financial services provider’s stock valued at $183,000 after buying an additional 2,528 shares during the period. Institutional investors own 58.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on FPI. StockNews.com raised shares of Farmland Partners from a “sell” rating to a “hold” rating in a report on Friday, March 8th. Roth Capital reissued a “buy” rating on shares of Farmland Partners in a report on Thursday, February 8th.

Farmland Partners Stock Down 2.1 %

FPI stock opened at $10.95 on Thursday. The stock has a market cap of $527.30 million, a PE ratio of 21.47 and a beta of 0.75. The firm’s 50-day simple moving average is $10.88 and its 200 day simple moving average is $11.42. Farmland Partners Inc. has a fifty-two week low of $9.95 and a fifty-two week high of $13.27.

Farmland Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be paid a $0.06 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.24 annualized dividend and a dividend yield of 2.19%. Farmland Partners’s payout ratio is currently 47.06%.

About Farmland Partners

Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas.