TAP Consulting LLC Acquires 17,758 Shares of Farmland Partners Inc. (NYSE:FPI)

TAP Consulting LLC raised its holdings in shares of Farmland Partners Inc. (NYSE:FPI) by 13.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 148,721 shares of the financial services provider’s stock after acquiring an additional 17,758 shares during the quarter. TAP Consulting LLC owned approximately 0.31% of Farmland Partners worth $1,856,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Taylor Frigon Capital Management LLC grew its stake in shares of Farmland Partners by 1.9% in the third quarter. Taylor Frigon Capital Management LLC now owns 114,639 shares of the financial services provider’s stock valued at $1,176,000 after buying an additional 2,086 shares in the last quarter. Catalyst Capital Advisors LLC grew its stake in shares of Farmland Partners by 16.5% in the third 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 in the last quarter. Millburn Ridgefield Corp grew its stake in shares of Farmland Partners by 16.5% in the third 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 in the last quarter. New York State Common Retirement Fund grew its stake in shares of Farmland Partners by 25.3% in the third quarter. New York State Common Retirement Fund now owns 17,293 shares of the financial services provider’s stock valued at $177,000 after buying an additional 3,492 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Farmland Partners by 0.7% in the third quarter. Deutsche Bank AG now owns 624,220 shares of the financial services provider’s stock valued at $6,404,000 after buying an additional 4,044 shares in the last quarter. 58.00% of the stock is owned by institutional investors.

Farmland Partners Price Performance

Farmland Partners stock traded down $0.15 during mid-day trading on Thursday, hitting $10.75. 348,860 shares of the company’s stock traded hands, compared to its average volume of 338,681. The firm has a 50 day simple moving average of $10.93 and a two-hundred day simple moving average of $11.38. Farmland Partners Inc. has a fifty-two week low of $9.95 and a fifty-two week high of $13.27. The stock has a market cap of $517.61 million, a price-to-earnings ratio of 20.67 and a beta of 0.75.

Farmland Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, March 28th. Farmland Partners’s dividend payout ratio is 46.15%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FPI. Roth Capital reissued a “buy” rating on shares of Farmland Partners in a research note on Thursday, February 8th. StockNews.com raised Farmland Partners from a “sell” rating to a “hold” rating in a report on Friday, March 8th.

Farmland Partners 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.