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 16 and 12 with a mean TP of 14. Now with the previous closing price of 13.93 this indicates there is a potential upside of .5%. The day 50 moving average is 12.33 and the 200 day moving average is 12.16. The company has a market capitalisation of $661m. Visit the company website at: https://www.farmlandpartners.com
The potential market cap would be $664m 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.
