Farmland Partners (NYSE:FPI) Sees Unusually-High Trading Volume – Time to Buy?

Farmland Partners Inc. (NYSE:FPI) shares saw unusually-strong trading volume on Wednesday . Approximately 193,576 shares changed hands during mid-day trading, a decline of 35% from the previous session’s volume of 297,350 shares.The stock last traded at $11.71 and had previously closed at $11.63.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Farmland Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th.

Farmland Partners Price Performance

The firm has a market cap of $550.62 million, a PE ratio of 40.82 and a beta of 0.70. The business has a 50-day moving average price of $12.15 and a two-hundred day moving average price of $11.20.

Farmland Partners Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, December 23rd. This is a boost from Farmland Partners’s previous dividend of $0.13. Farmland Partners’s dividend payout ratio (DPR) is currently 85.71%.

Insider Buying and Selling

In other Farmland Partners news, Director John A. Good purchased 15,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were purchased at an average cost of $12.23 per share, with a total value of $183,450.00. Following the purchase, the director now owns 101,465 shares in the company, valued at approximately $1,240,916.95. This represents a 17.35 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 9.50% of the stock is currently owned by company insiders.

Institutional Trading of Farmland Partners

Hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new position in shares of Farmland Partners in the 3rd quarter valued at about $105,000. Point72 Asset Management L.P. acquired a new position in shares of Farmland Partners in the 3rd quarter valued at about $111,000. D.A. Davidson & CO. lifted its stake in shares of Farmland Partners by 11.3% in the 3rd quarter. D.A. Davidson & CO. now owns 11,639 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 1,182 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Farmland Partners in the 3rd quarter valued at about $123,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Farmland Partners by 22.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,107 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 2,183 shares in the last quarter. 58.00% of the stock is owned by institutional investors and hedge funds.

Farmland Partners Company Profile

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.