Farmland Partners (FPI) Hits New 12-Month Low at $7.23
Shares of Farmland Partners Inc (NYSE:FPI) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $7.23 and last traded at $7.22, with a volume of 221085 shares traded. The stock had previously closed at $7.32.
A number of analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Farmland Partners from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research report on Saturday, February 3rd. B. Riley restated a “hold” rating and set a $10.00 target price on shares of Farmland Partners in a research report on Monday, November 13th. Finally, Raymond James Financial restated a “hold” rating on shares of Farmland Partners in a research report on Monday, December 4th. One investment 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. The stock has an average rating of “Hold” and a consensus price target of $9.45.
The stock has a market capitalization of $240.59, a P/E ratio of 13.29 and a beta of 0.13.
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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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