Garner Asset Management Corp Has $996,000 Stake in Farmland Partners Inc. (FPI)

Garner Asset Management Corp increased its stake in shares of Farmland Partners Inc. (NYSE:FPI) by 222.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 110,191 shares of the financial services provider’s stock after purchasing an additional 76,006 shares during the quarter. Garner Asset Management Corp owned 0.33% of Farmland Partners worth $996,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. RMR Advisors LLC increased its position in shares of Farmland Partners by 84.3% during the 3rd quarter. RMR Advisors LLC now owns 109,344 shares of the financial services provider’s stock valued at $988,000 after purchasing an additional 50,000 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Farmland Partners by 9.3% during the 2nd quarter. California State Teachers Retirement System now owns 56,508 shares of the financial services provider’s stock valued at $505,000 after purchasing an additional 4,800 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Farmland Partners by 12.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 12,808 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 1,398 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Farmland Partners by 83.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,490 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 12,989 shares during the last quarter. Finally, State Street Corp increased its position in shares of Farmland Partners by 16.4% during the 2nd quarter. State Street Corp now owns 543,030 shares of the financial services provider’s stock valued at $4,856,000 after purchasing an additional 76,673 shares during the last quarter. 39.08% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Farmland Partners Inc. (FPI) traded down 0.12% during trading on Tuesday, reaching $8.30. The company’s stock had a trading volume of 114,853 shares. The stock has a 50 day moving average of $8.96 and a 200-day moving average of $9.32. Farmland Partners Inc. has a 1-year low of $8.06 and a 1-year high of $11.97. The company has a market capitalization of $270.10 million, a PE ratio of 148.21 and a beta of 0.20.

In other Farmland Partners news, Chairman Paul A. Pittman bought 3,000 shares of the business’s stock in a transaction on Friday, August 18th. The stock was bought at an average price of $8.40 per share, with a total value of $25,200.00. Following the completion of the purchase, the chairman now directly owns 1,084,615 shares in the company, valued at $9,110,766. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have acquired 8,000 shares of company stock valued at $67,450. 2.76% of the stock is owned by insiders.

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Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Farmland Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Stifel Nicolaus reissued a “buy” rating and set a $9.25 target price (down previously from $10.00) on shares of Farmland Partners in a research report on Monday, September 25th. Raymond James Financial, Inc. assumed coverage on Farmland Partners in a research report on Monday, September 18th. They set a “market perform” rating on the stock. BidaskClub raised Farmland Partners from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th. Finally, Robert W. Baird downgraded Farmland Partners from an “outperform” rating to a “neutral” rating and cut their target price for the company from $10.00 to $9.00 in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $9.95.

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).

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

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