Farmland Partners Inc. which can be found using ticker (FPI) now have 5 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 14 and 11.5 calculating the mean target price we have $12.50. Now with the previous closing price of $10.55 this now indicates there is a potential upside of 18.5%. It’s also worth noting that there is a 50 day moving average of $10.73 and the 200 day MA is $12.86. The total market capitalization for the company now stands at $571m. Find out more information at: https://www.farmlandpartners.com
The potential market cap would be $676m based on the market consensus.
Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of the date of this release, the Company owns approximately 155,000 acres in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota and Virginia. We have approximately 26 crop types and over 100 tenants. The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014.
The company has a dividend yield of 2.27% with the ex dividend date set at 31-3-2023 (DMY).
Other points of data to note are a P/E ratio of 64.44, revenue per share of 1.2 and a 1.38% return on assets.
