Farmland Partners . found using ticker (FPI) now have 5 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 16 and 12 calculating the average target price we see 14. Given that the stocks previous close was at 13.31 this now indicates there is a potential upside of 5.2%. The 50 day moving average now sits at 11.8 while the 200 day moving average is 12.11. The market capitalisation for the company is $628m. Company Website: https://www.farmlandpartners.com
The potential market cap would be $661m based on the market concensus.
Farmland Partners . 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, luding 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 ome tax purposes, commencing with the taxable year ended December 31, 2014.
