Farmland Partners (FPI) Upgraded at Zacks Investment Research

Farmland Partners (NYSE:FPI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $9.75 price target on the financial services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 12.46% from the company’s previous close.

According to Zacks, “Farmland Partners Inc. operates as a real estate company. It owns and seeks to acquire primary row crop farmland located in agricultural markets throughout North America. The substantial majority of the farms in its portfolio include primary row crops, such as corn and soybeans. Farmland Partners Inc. is based in United States. “

Several other equities analysts also recently weighed in on the company. Raymond James Financial restated a “hold” rating on shares of Farmland Partners in a research report on Monday, December 4th. B. Riley restated a “hold” rating and issued a $10.00 target price on shares of Farmland Partners in a research report on Monday, November 13th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $9.25 price objective (down previously from $10.00) on shares of Farmland Partners in a research report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Farmland Partners presently has an average rating of “Hold” and a consensus target price of $9.60.

Farmland Partners (NYSE FPI) opened at $8.67 on Tuesday. The firm has a market capitalization of $280.36, a P/E ratio of 45.63 and a beta of 0.21. Farmland Partners has a 1 year low of $8.06 and a 1 year high of $11.76.

Farmland Partners (NYSE:FPI) last released its earnings results on Wednesday, November 8th. The financial services provider reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). Farmland Partners had a net margin of 15.89% and a return on equity of 2.05%. analysts forecast that Farmland Partners will post 0.31 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. lifted its position in Farmland Partners by 12.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,808 shares of the financial services provider’s stock worth $115,000 after buying an additional 1,398 shares in the last quarter. Alliancebernstein L.P. lifted its position in Farmland Partners by 37.7% during the second quarter. Alliancebernstein L.P. now owns 16,800 shares of the financial services provider’s stock worth $150,000 after buying an additional 4,600 shares in the last quarter. Royal Bank of Canada lifted its position in Farmland Partners by 31.9% during the second quarter. Royal Bank of Canada now owns 17,014 shares of the financial services provider’s stock worth $152,000 after buying an additional 4,119 shares in the last quarter. Nationwide Fund Advisors lifted its position in Farmland Partners by 49.4% during the second quarter. Nationwide Fund Advisors now owns 19,773 shares of the financial services provider’s stock worth $177,000 after buying an additional 6,538 shares in the last quarter. Finally, Stelac Advisory Services LLC lifted its position in Farmland Partners by 39.0% during the third quarter. Stelac Advisory Services LLC now owns 25,031 shares of the financial services provider’s stock worth $226,000 after buying an additional 7,026 shares in the last quarter. Hedge funds and other institutional investors own 41.01% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Farmland Partners (FPI) Upgraded at Zacks Investment Research” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/01/16/farmland-partners-fpi-upgraded-at-zacks-investment-research.html.

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).

Analyst Recommendations for Farmland Partners (NYSE:FPI)

Receive News & Ratings for Farmland Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmland Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply