BCGM Wealth Management LLC Has $2.73 Million Holdings in Farmland Partners Inc. (NYSE:FPI)

BCGM Wealth Management LLC boosted its position in Farmland Partners Inc. (NYSE:FPI) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 261,341 shares of the financial services provider’s stock after buying an additional 1,510 shares during the period. BCGM Wealth Management LLC’s holdings in Farmland Partners were worth $2,731,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of FPI. Lazard Asset Management LLC bought a new position in shares of Farmland Partners in the 1st quarter worth about $35,000. EntryPoint Capital LLC grew its stake in Farmland Partners by 68.9% during the first quarter. EntryPoint Capital LLC now owns 4,801 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,959 shares during the period. SG Americas Securities LLC bought a new stake in Farmland Partners in the second quarter worth approximately $101,000. GSA Capital Partners LLP acquired a new position in Farmland Partners in the third quarter valued at approximately $105,000. Finally, MQS Management LLC bought a new position in shares of Farmland Partners during the 2nd quarter worth approximately $134,000. Institutional investors own 58.00% of the company’s stock.

Wall Street Analyst Weigh In

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

Farmland Partners Price Performance

FPI stock opened at $12.18 on Friday. The company’s 50-day moving average is $11.01 and its 200-day moving average is $10.93. The stock has a market capitalization of $586.71 million, a PE ratio of 43.50 and a beta of 0.69. Farmland Partners Inc. has a 1 year low of $9.70 and a 1 year high of $13.12.

Farmland Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.24 annualized dividend and a yield of 1.97%. Farmland Partners’s payout ratio is currently 85.71%.

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.