Farmland Partners Inc. found using ticker (FPI) have now 5 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 14 and 13.5 and has a mean target at 13.9. Given that the stocks previous close was at 12.18 this now indicates there is a potential upside of 14.1%. The day 50 moving average is 12.01 while the 200 day moving average is 12.35. The market cap for the company is $549m. Visit the company website at: https://www.farmlandpartners.com
The potential market cap would be $627m 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.
