Farmland REIT Draws Investor Interest

December 28, 2017 04:03 AM
Money Cash Dollars

A look at official filings required by the Security and Exchange Commission shows Wall Street investors are responding to the opportunity to own farmland as a financial instrument.

The filings are made by Farmland Partners (FPI), the Denver-based real estate investment trust traded on the New York Stock Exchange. The latest filing shows institutions owned 36.7% of all outstanding shares through the end of September.

The largest institutional shareholder was Black Rock, holding 5.65% of all outstanding shares. However, Black Rock decreased its holdings by 187,641 shares from the previous period. The second-largest shareholder was Vanguard Group holding 4.16% of all shares.

The large mutual fund firm increased its position in FPI by 20,006 shares during the reporting period. The third-largest shareholder was Global Alpha Capital Management with a 2.58% position. The fourth-largest was Uniplan Investment Counsel at 1.73% and State Street Global Advisors at 1.71% was the fifth largest. Morgan Stanley, at 1.59%, was seventh on the list followed closely at eight by Wells Fargo with 1.55% and UBS Asset Management at ninth at 1.41%.

Interestingly, TIAA-CREF Investment Management recently acquired additional shares of FPI and holds a little under 0.6% of the firm’s shares. TIAA-CREF earlier this decade acquired Westchester Group, which has in excess of $8 billion of assets and commitments under management, with more than 350 farmland properties under ownership in seven countries in its portfolio.  


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Spell Check

dennis muck
Cecil, WI
12/28/2017 10:43 PM

  I am a framer and I own stock in farm REIT's. The reit own the land and rents it out. The dividends I get are tax free. For a person to say that "do nothing people with money, making money off of the backs of other people" is wrong the reit is doing it's best to be a good manager of the land, after all if the farm is not making money the stock holders will not make money. Do your research and learn about reit's before passing judgement.

Neal Blount
Greensboro, FL
12/28/2017 08:46 AM

  Another travesty in the making! Do nothing people with money, making money off the backs of other people. A legitimate farmer should be the highest paid person on earth considering all the hardship he faces year after year. But I see us as unappreciated by the masses and squeezed by equipment, chemical, fertilizer, and seed corporations for all they can get year after year. At the end of the year you have more do nothing moochers taking what you have produced based on a market that they have manipulated in order to pay you the least. This is my opinion and I have much more.


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