Farmland Partners Inc. found using ticker (FPI) now have 5 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 14 and 13.5 calculating the mean target price we have 13.9. Now with the previous closing price of 11.46 this is indicating there is a potential upside of 21.3%. The 50 day moving average now sits at 11.6 and the 200 day MA is 12.16. The company has a market capitalisation of $535m. Company Website: https://www.farmlandpartners.com
The potential market cap would be $649m 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.
