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.

Large investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. raised its stake 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 purchasing an additional 1,398 shares during the period. Oppenheimer & Co. Inc. purchased a new position in Farmland Partners during the fourth quarter worth approximately $127,000. Alliancebernstein L.P. raised its stake 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 purchasing an additional 4,600 shares during the period. Royal Bank of Canada raised its stake 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 purchasing an additional 4,119 shares during the period. Finally, Nationwide Fund Advisors raised its stake 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 purchasing an additional 6,538 shares during the period. 40.27% of the stock is currently owned by institutional investors.

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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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