Farmland Partners Inc. with ticker code (FPI) have now 5 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 17 and 16 calculating the average target price we see 16.6. Given that the stocks previous close was at 12.61 this would imply there is a potential upside of 31.6%. The day 50 moving average is 14.29 and the 200 moving average now moves to 13.55. The company has a market capitalisation of $732m. Visit the company website at: https://www.farmlandpartners.com
The potential market cap would be $964m 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.
