Ladenburg Thalmann Financial Services Inc. grew its holdings in Farmland Partners Inc (NYSE:FPI) by 50.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 168,677 shares of the financial services provider’s stock after buying an additional 56,543 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned approximately 0.52% of Farmland Partners worth $1,525,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FPI. Bard Associates Inc. boosted its holdings in Farmland Partners by 0.6% in the second quarter. Bard Associates Inc. now owns 116,125 shares of the financial services provider’s stock valued at $1,038,000 after acquiring an additional 700 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Farmland Partners by 12.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,808 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 1,398 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in Farmland Partners by 12.4% in the second quarter. Pinnacle Associates Ltd. now owns 13,600 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 1,500 shares during the last quarter. Royal Bank of Canada boosted its holdings in Farmland Partners by 31.9% in the second quarter. Royal Bank of Canada now owns 17,014 shares of the financial services provider’s stock valued at $152,000 after acquiring an additional 4,119 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Farmland Partners by 37.7% in the second quarter. Alliancebernstein L.P. now owns 16,800 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 4,600 shares during the last quarter. Institutional investors own 41.01% of the company’s stock.

Farmland Partners Inc (NYSE:FPI) opened at $9.52 on Monday. Farmland Partners Inc has a 1-year low of $8.06 and a 1-year high of $11.76. The stock has a market capitalization of $307.85, a PE ratio of 17.00 and a beta of 0.21.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be issued a dividend of $0.127 per share. This represents a $0.51 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date is Friday, December 29th. Farmland Partners’s dividend payout ratio (DPR) is currently 268.44%.

Several equities analysts recently issued reports on FPI shares. B. Riley reiterated a “hold” rating and issued a $10.00 price target on shares of Farmland Partners in a report on Monday, November 13th. Raymond James Financial reiterated a “hold” rating on shares of Farmland Partners in a report on Monday, December 4th. Zacks Investment Research upgraded Farmland Partners from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Tuesday, September 19th. Stifel Nicolaus restated a “buy” rating and set a $9.25 target price (down previously from $10.00) on shares of Farmland Partners in a report on Monday, September 25th. Finally, BidaskClub upgraded Farmland Partners from a “strong sell” rating to a “sell” rating in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.65.

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About Farmland Partners

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).

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

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