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 16 and 12 with the average target price sitting at 14. With the stocks previous close at 13.3 this would indicate that there is a potential upside of 5.3%. The 50 day moving average now sits at 12.09 and the 200 day moving average is 12.13. The market capitalisation for the company is $675m. Find out more information at: https://www.farmlandpartners.com
The potential market cap would be $710m 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.
