Healthcare of Ontario Pension Plan Trust Fund Purchases Shares of 91,000 Farmland Partners Inc. (NYSE:FPI)

Posted by Defense World Staff on Feb 27th, 2023

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Farmland Partners Inc. (NYSE:FPI – Get Rating) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 91,000 shares of the financial services provider’s stock, valued at approximately $1,153,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.17% of Farmland Partners at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Asset Management One Co. Ltd. boosted its holdings in Farmland Partners by 47.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 71,713 shares of the financial services provider’s stock valued at $908,000 after purchasing an additional 23,241 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Farmland Partners during the 3rd quarter worth $273,000. BCGM Wealth Management LLC lifted its holdings in shares of Farmland Partners by 14.7% during the 3rd quarter. BCGM Wealth Management LLC now owns 178,489 shares of the financial services provider’s stock worth $2,456,000 after acquiring an additional 22,829 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Farmland Partners during the 2nd quarter worth $157,000. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Farmland Partners during the 3rd quarter worth $148,000. 46.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FPI shares. Janney Montgomery Scott raised shares of Farmland Partners from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Friday, January 13th. StockNews.com cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a research report on Thursday.

Farmland Partners Price Performance

Shares of NYSE:FPI opened at $10.57 on Monday. The stock has a market cap of $576.91 million, a PE ratio of 66.07 and a beta of 0.78. The company’s fifty day moving average is $12.61 and its 200 day moving average is $13.33. Farmland Partners Inc. has a 52 week low of $10.26 and a 52 week high of $16.43.

Farmland Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Monday, April 3rd will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Friday, March 31st. Farmland Partners’s payout ratio is 150.01%.

About Farmland Partners

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Farmland Partners, Inc operates as a real estate investment trust. the firm engages in the management and acquisition of farmland and land with agricultural development potential. Its property portfolio focuses on the primary crops, such as corn, soybeans, wheat, rice and cotton and the remaining land is used to grow specialty crops, such as almond, citrus, blueberries, vegetables and edible beans.