Farmland Partners Inc. which can be found using ticker (FPI) now have 5 confirmed analysts covering the stock with the consensus suggesting 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. Given that the stocks previous close was at $10.52 this is indicating there is a potential upside of 18.8%. It’s also worth noting that there is a 50 day moving average of $11.37 while the 200 day moving average is $13.10. The company has a market capitalization of $598m. You can visit the company’s website by visiting: https://www.farmlandpartners.com
The potential market cap would be $711m 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 2.28% with the ex dividend date set at 31-3-2023 (DMY).
Other points of data to note are a P/E ratio of 65.94, revenue per share of 1.2 and a 1.38% return on assets.
