Farmland Partners Inc. with ticker code (FPI) now have 5 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 17 and 16 calculating the mean target price we have 16.6. With the stocks previous close at 12.92 this would imply there is a potential upside of 28.5%. The 50 day moving average now sits at 14.45 and the 200 day MA is 13.52. The market capitalisation for the company is $699m. You can visit the company’s website by visiting: https://www.farmlandpartners.com
The potential market cap would be $898m 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.
