Farmland Partners (NYSE:FPI) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Farmland Partners Inc. (NYSE:FPI)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.39 and traded as high as $11.81. Farmland Partners shares last traded at $11.80, with a volume of 585,193 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Farmland Partners in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Farmland Partners presently has a consensus rating of “Hold”.

Farmland Partners Stock Performance

The firm has a market capitalization of $508.58 million, a PE ratio of 9.83 and a beta of 0.79. The stock has a fifty day moving average price of $10.39 and a 200-day moving average price of $10.43.

Farmland Partners Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd were paid a $0.20 dividend. The ex-dividend date was Tuesday, December 23rd. Farmland Partners’s payout ratio is 20.00%.

Insider Activity at Farmland Partners

In other news, Director John A. Good purchased 3,000 shares of the stock in a transaction dated Monday, December 15th. The shares were acquired at an average cost of $10.20 per share, for a total transaction of $30,600.00. Following the acquisition, the director owned 15,100 shares of the company’s stock, valued at approximately $154,020. This represents a 24.79% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FPI. Creative Financial Designs Inc. ADV boosted its stake in Farmland Partners by 118.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 5,377 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 2,912 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Farmland Partners by 11.8% in the 4th quarter. Gamco Investors INC. ET AL now owns 47,490 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 5,000 shares in the last quarter. Cauble & Harre Wealth Management Inc. acquired a new position in Farmland Partners during the 4th quarter valued at about $2,151,000. Denali Advisors LLC increased its position in Farmland Partners by 98.5% during the 4th quarter. Denali Advisors LLC now owns 116,113 shares of the financial services provider’s stock valued at $1,125,000 after buying an additional 57,613 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new stake in Farmland Partners in the fourth quarter valued at about $156,000. Institutional investors own 58.00% of the company’s stock.

Farmland Partners Company Profile

Farmland Partners Inc is a real estate investment trust (REIT) that acquires and manages high-quality farmland in the United States. The company’s primary business activity is the ownership of agricultural land, which it leases to farmers under various rental arrangements designed to generate stable cash rents and long-term capital appreciation. By focusing on farmland as a real asset, the company seeks to benefit from rising global demand for food, fiber and renewable fuels.

Founded in 2013 and headquartered in Scottsdale, Arizona, Farmland Partners completed its initial public offering in June 2017 and began trading on the New York Stock Exchange under the ticker FPI.