Farmland Partners Inc. with ticker code (FPI) have now 5 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 17 and 14 calculating the mean target price we have 15.6. Now with the previous closing price of 12.51 this indicates there is a potential upside of 24.7%. The day 50 moving average is 12.71 and the 200 moving average now moves to 13.72. The company has a market cap of $681m. Find out more information at: https://www.farmlandpartners.com
The potential market cap would be $849m 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.
