Farmland Partners (FPI) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of Farmland Partners (NYSE:FPI) from a hold rating to a buy rating in a report released on Saturday morning. Zacks Investment Research currently has $9.00 target price on the financial services provider’s stock.

According to Zacks, “Farmland Partners Inc. operates as a real estate company. It owns and seeks to acquire primary row crop farmland located in agricultural markets throughout North America. The substantial majority of the farms in its portfolio include primary row crops, such as corn and soybeans. Farmland Partners Inc. is based in United States. “

Several other research firms have also recently weighed in on FPI. Raymond James Financial restated a hold rating on shares of Farmland Partners in a research report on Monday, December 4th. B. Riley restated a hold rating and set a $10.00 price objective on shares of Farmland Partners in a research report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $9.45.

Shares of Farmland Partners (NYSE:FPI) opened at $7.65 on Friday. The firm has a market cap of $247.38, a price-to-earnings ratio of 40.26 and a beta of 0.13. Farmland Partners has a 52-week low of $7.63 and a 52-week high of $11.50.

Farmland Partners (NYSE:FPI) last posted its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.04). Farmland Partners had a net margin of 15.89% and a return on equity of 2.05%. analysts forecast that Farmland Partners will post 0.31 earnings per share for the current year.

A number of large investors have recently modified their holdings of FPI. Raymond James Financial Services Advisors Inc. raised its position in Farmland Partners by 12.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 12,808 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 1,398 shares during the period. Alliancebernstein L.P. raised its position in Farmland Partners by 37.7% in the 2nd quarter. Alliancebernstein L.P. now owns 16,800 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 4,600 shares during the period. Royal Bank of Canada raised its position in Farmland Partners by 31.9% in the 2nd quarter. Royal Bank of Canada now owns 17,014 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 4,119 shares during the period. Nationwide Fund Advisors raised its position in Farmland Partners by 49.4% in the 2nd quarter. Nationwide Fund Advisors now owns 19,773 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 6,538 shares during the period. Finally, Stelac Advisory Services LLC raised its position in Farmland Partners by 39.0% in the 3rd quarter. Stelac Advisory Services LLC now owns 25,031 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 7,026 shares during the period. Institutional investors own 40.96% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be read at https://www.com-unik.info/2018/02/06/farmland-partners-fpi-upgraded-by-zacks-investment-research-to-buy-2.html.

Farmland Partners Company Profile

Farmland Partners, Inc is an internally managed real estate company. The Company owns and seeks to acquire farmland located in agricultural markets throughout North America. The Company is the sole member of the general partner of Farmland Partners Operating Partnership, LP (the Operating Partnership).

Get a free copy of the Zacks research report on Farmland Partners (FPI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Farmland Partners (NYSE:FPI)

Receive News & Ratings for Farmland Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmland Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit