Strs Ohio decreased its position in Farmland Partners Inc. (NYSE:FPI) by 4.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,149 shares of the financial services provider’s stock after selling 2,453 shares during the period. Strs Ohio owned 0.15% of Farmland Partners worth $448,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Gilman Hill Asset Management LLC increased its stake in Farmland Partners by 2.0% in the second quarter. Gilman Hill Asset Management LLC now owns 342,398 shares of the financial services provider’s stock worth $3,061,000 after buying an additional 6,746 shares during the last quarter. Skylands Capital LLC increased its stake in Farmland Partners by 216.6% in the second quarter. Skylands Capital LLC now owns 142,150 shares of the financial services provider’s stock worth $1,271,000 after buying an additional 97,250 shares during the last quarter. North Star Investment Management Corp. increased its stake in Farmland Partners by 5.4% in the second quarter. North Star Investment Management Corp. now owns 157,077 shares of the financial services provider’s stock worth $1,404,000 after buying an additional 8,046 shares during the last quarter. Winslow Evans & Crocker Inc. increased its stake in Farmland Partners by 11.4% in the second quarter. Winslow Evans & Crocker Inc. now owns 25,778 shares of the financial services provider’s stock worth $230,000 after buying an additional 2,642 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Farmland Partners by 180.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 21,300 shares of the financial services provider’s stock worth $238,000 after buying an additional 13,700 shares during the last quarter. 39.81% of the stock is owned by institutional investors and hedge funds.

Farmland Partners Inc. (FPI) opened at 8.87 on Wednesday. Farmland Partners Inc. has a 12-month low of $8.06 and a 12-month high of $11.97. The firm has a market cap of $288.65 million, a P/E ratio of 158.39 and a beta of 0.18. The firm has a 50-day moving average of $8.80 and a 200-day moving average of $9.98.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 2nd will be paid a $0.127 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.51 annualized dividend and a dividend yield of 5.73%. Farmland Partners’s payout ratio is 425.04%.

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A number of analysts have recently weighed in on the stock. BidaskClub raised shares of Farmland Partners from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th. Robert W. Baird downgraded shares of Farmland Partners from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $10.00 to $9.00 in a research report on Tuesday, August 15th. Zacks Investment Research raised shares of Farmland Partners from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. FBR & Co downgraded shares of Farmland Partners from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $12.00 to $10.00 in a research report on Tuesday, July 18th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $10.00 price target (down previously from $11.75) on shares of Farmland Partners in a research report on Monday, June 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Farmland Partners presently has an average rating of “Hold” and an average price target of $10.70.

In other Farmland Partners news, General Counsel Erica Borenstein purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were bought at an average price of $8.45 per share, for a total transaction of $25,350.00. Following the purchase, the general counsel now owns 19,404 shares in the company, valued at approximately $163,963.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Paul A. Pittman purchased 5,000 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was acquired at an average price of $8.99 per share, for a total transaction of $44,950.00. Following the purchase, the chief executive officer now owns 545,388 shares in the company, valued at approximately $4,903,038.12. The disclosure for this purchase can be found here. In the last quarter, insiders bought 15,000 shares of company stock worth $130,500. Corporate insiders own 2.76% 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 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 Operating Partnership).

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Institutional Ownership by Quarter for Farmland Partners (NYSE:FPI)

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