Farmland Partners Inc (FPI) Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System lifted its position in Farmland Partners Inc (NYSE:FPI) by 9.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,508 shares of the financial services provider’s stock after acquiring an additional 4,800 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of Farmland Partners worth $505,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. boosted its holdings in Farmland Partners by 12.3% in 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 period. Pinnacle Associates Ltd. boosted its stake in Farmland Partners by 12.4% during the 2nd quarter. Pinnacle Associates Ltd. now owns 13,600 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 1,500 shares during the last quarter. Alliancebernstein L.P. bought a new position in Farmland Partners during the 1st quarter worth approximately $136,000. Sheaff Brock Investment Advisors LLC bought a new position in Farmland Partners in the second quarter valued at approximately $143,000. Finally, Royal Bank of Canada lifted its position in shares of 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 worth $152,000 after purchasing an additional 4,119 shares in the last quarter. Hedge funds and other institutional investors own 41.01% of the company’s stock.

Shares of Farmland Partners Inc (FPI) opened at $8.86 on Thursday. The firm has a market capitalization of $288.77, a P/E ratio of 15.95 and a beta of 0.21. Farmland Partners Inc has a 12-month low of $8.06 and a 12-month high of $11.76.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a $0.127 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.51 dividend on an annualized basis and a yield of 5.73%. Farmland Partners’s payout ratio is 268.44%.

Several equities analysts have commented on FPI shares. Zacks Investment Research upgraded shares of Farmland Partners from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Friday, November 24th. Raymond James Financial reissued a “hold” rating on shares of Farmland Partners in a report on Monday. B. Riley reissued a “hold” rating and issued a $10.00 target price on shares of Farmland Partners in a report on Monday, November 13th. Robert W. Baird cut shares of Farmland Partners from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $10.00 to $9.00 in a report on Tuesday, August 15th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $9.25 price objective (down previously from $10.00) on shares of Farmland Partners in a research note on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Farmland Partners presently has a consensus rating of “Hold” and an average price target of $9.96.

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Farmland Partners 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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