Farmland Partners (FPI) Getting Somewhat Positive Media Coverage, Analysis Shows
News headlines about Farmland Partners (NYSE:FPI) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Farmland Partners earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 46.3201944518046 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of brokerages have weighed in on FPI. Zacks Investment Research raised Farmland Partners from a “hold” rating to a “buy” rating and set a $10.00 target price 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, December 4th. Finally, B. Riley reissued a “hold” rating and set a $10.00 price objective on shares of Farmland Partners in a report on Monday, November 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Farmland Partners presently has an average rating of “Hold” and a consensus target price of $9.45.
Farmland Partners (NYSE FPI) traded down $0.21 during midday trading on Monday, hitting $7.38. The company had a trading volume of 230,385 shares, compared to its average volume of 292,978. Farmland Partners has a 12 month low of $7.27 and a 12 month high of $11.50. The firm has a market cap of $245.44, a P/E ratio of 38.84 and a beta of 0.13.
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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