58,500 Shares in Farmland Partners Inc. $FPI Acquired by Denali Advisors LLC

Denali Advisors LLC bought a new stake in Farmland Partners Inc. (NYSE:FPI) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 58,500 shares of the financial services provider’s stock, valued at approximately $636,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Oakworth Capital Inc. acquired a new stake in shares of Farmland Partners in the 3rd quarter valued at $34,000. Gables Capital Management Inc. bought a new stake in shares of Farmland Partners in the 2nd quarter valued at about $40,000. Tower Research Capital LLC TRC increased its stake in Farmland Partners by 218.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 2,886 shares in the last quarter. Strs Ohio acquired a new stake in Farmland Partners during the 1st quarter worth $96,000. Finally, D.A. Davidson & CO. acquired a new stake in shares of Farmland Partners during the third quarter worth about $109,000. Institutional investors and hedge funds own 58.00% of the company’s stock.

Farmland Partners Price Performance

Shares of FPI stock opened at $11.99 on Tuesday. Farmland Partners Inc. has a one year low of $9.36 and a one year high of $12.87. The stock has a market cap of $516.55 million, a P/E ratio of 9.99 and a beta of 0.79. The company has a fifty day moving average price of $10.59 and a two-hundred day moving average price of $10.48.

Farmland Partners Dividend Announcement

The firm also recently declared a special dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. Farmland Partners’s dividend payout ratio (DPR) is currently 20.00%.

Insider Activity at Farmland Partners

In related news, Director John A. Good purchased 3,000 shares of the stock in a transaction on Monday, December 15th. The shares were purchased at an average cost of $10.20 per share, with a total value of $30,600.00. Following the acquisition, the director directly owned 15,100 shares in the company, valued at $154,020. The trade was a 24.79% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 7.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Farmland Partners in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Farmland Partners 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.