News headlines about Farmland Partners (NYSE:FPI) have been trending somewhat positive on Saturday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Farmland Partners earned a news impact score of 0.16 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.4855707552016 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern’s rankings:
Farmland Partners (FPI) traded up $0.03 during trading on Friday, reaching $8.87. The company’s stock had a trading volume of 170,427 shares, compared to its average volume of 204,183. Farmland Partners has a 1 year low of $8.06 and a 1 year high of $11.76. The company has a market capitalization of $286.02, a PE ratio of 15.80 and a beta of 0.21.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $0.127 per share. This represents a $0.51 annualized dividend and a dividend yield of 5.73%. The ex-dividend date is Friday, December 29th. Farmland Partners’s dividend payout ratio (DPR) is currently 268.44%.
FPI has been the topic of a number of recent analyst reports. Robert W. Baird cut Farmland Partners from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $10.00 to $9.00 in a research report on Tuesday, August 15th. B. Riley reiterated a “hold” rating and issued a $10.00 target price on shares of Farmland Partners in a research report on Monday, November 13th. Raymond James Financial reiterated a “hold” rating on shares of Farmland Partners in a research 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 research report on Tuesday, September 19th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $9.25 target price (down previously from $10.00) on shares of Farmland Partners in a research report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.96.
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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).
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