Farmland Partners Inc. (NYSE:FPI) announced a quarterly dividend on Friday, August 5th. Stockholders of record on Friday, September 30th will be given a dividend of 0.1275 per share on Friday, October 14th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend is Wednesday, September 28th.
Shares of Farmland Partners (NYSE:FPI) opened at 11.37 on Tuesday. Farmland Partners has a 1-year low of $9.54 and a 1-year high of $11.98. The stock’s 50 day moving average is $11.27 and its 200-day moving average is $11.17. The stock’s market cap is $148.13 million.
Separately, Zacks Investment Research upgraded Farmland Partners from a “sell” rating to a “hold” rating in a report on Monday, June 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $12.00.
In other Farmland Partners news, insider Paul A. Pittman bought 33,600 shares of the company’s stock in a transaction dated Monday, August 29th. The shares were bought at an average price of $10.42 per share, for a total transaction of $350,112.00. Following the acquisition, the insider now directly owns 461,304 shares of the company’s stock, valued at $4,806,787.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 11.02% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of FPI. Keeley Asset Management Corp increased its position in shares of Farmland Partners by 3.3% in the second quarter. Keeley Asset Management Corp now owns 34,241 shares of the company’s stock worth $388,000 after buying an additional 1,108 shares in the last quarter. Rhumbline Advisers acquired a new position in shares of Farmland Partners during the second quarter worth $137,000. Parametric Portfolio Associates LLC acquired a new position in shares of Farmland Partners during the second quarter worth $173,000. Teachers Advisors Inc. acquired a new position in shares of Farmland Partners during the second quarter worth $211,000. Finally, Vanguard Group Inc. increased its position in shares of Farmland Partners by 12.6% in the second quarter. Vanguard Group Inc. now owns 348,868 shares of the company’s stock worth $3,949,000 after buying an additional 39,095 shares in the last quarter. Institutional investors own 34.10% of the company’s stock.
Farmland Partners Company Profile
Farmland Partners, Inc is an internally managed real estate company. The Company owns and seeks to acquire primary crop farmland located in agricultural markets throughout North America. The Company is the sole member of the general partner of Farmland Partners Operating Partnership, LP. The Company’s principal investment focus is on farmland located in agricultural markets throughout North America, however, it may seek to acquire farmland outside of North America.
Receive News & Ratings for Farmland Partners Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmland Partners Inc. and related companies with MarketBeat.com's FREE daily email newsletter.