Farmland Partners Inc. found using ticker (FPI) now have 5 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 17 and 15 and has a mean target at 16.2. Now with the previous closing price of 14.66 this indicates there is a potential upside of 10.5%. The 50 day MA is 14.4 and the 200 day moving average is 13.41. The company has a market cap of $796m. You can visit the company’s website by visiting: https://www.farmlandpartners.com
The potential market cap would be $879m based on the market concensus.
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.
