Farmland Partners (NYSE:FPI) Getting Very Favorable Press Coverage, Analysis Shows
Media stories about Farmland Partners (NYSE:FPI) have been trending very positive this week, Accern Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Farmland Partners earned a coverage optimism score of 0.56 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Farmland Partners Inc. (NYSE:FPI) Trading Volume Significantly Higher – First News 24 (firstnewspaper24.com)
- Farmland Partners Inc (FPI) Near-Term Moving Average Signal Update – Sparta Review (spartareview.com)
- Peeling Back the Layers on Shares of Farmland Partners Inc (FPI) – Sheridan Daily (sheridandaily.com)
- CorEnergy Infrastructure Trust (CORR) & Farmland Partners (FPI) Head-To-Head Analysis (americanbankingnews.com)
- Head-To-Head Survey: InfraREIT (HIFR) versus Farmland Partners (NYSE:FPI) (americanbankingnews.com)
Farmland Partners (NYSE:FPI) traded down 0.23% during trading on Thursday, hitting $8.79. The company’s stock had a trading volume of 157,294 shares. The company has a 50-day moving average of $8.99 and a 200 day moving average of $10.28. Farmland Partners has a one year low of $8.55 and a one year high of $11.98. The firm has a market cap of $289.61 million, a PE ratio of 48.83 and a beta of 0.18.
Farmland Partners (NYSE:FPI) last released its earnings results on Monday, May 8th. The financial services provider reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.15. The company had revenue of $7.15 million during the quarter, compared to the consensus estimate of $9.34 million. Farmland Partners had a return on equity of 1.66% and a net margin of 12.46%. On average, equities analysts forecast that Farmland Partners will post $0.04 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 2nd will be given a $0.127 dividend. This represents a $0.51 annualized dividend and a dividend yield of 5.78%. The ex-dividend date is Friday, September 29th. Farmland Partners’s payout ratio is currently 425.04%.
A number of analysts have commented on FPI shares. Zacks Investment Research raised Farmland Partners from a “sell” rating to a “hold” rating in a research report on Friday, May 19th. Robert W. Baird lowered their price target on Farmland Partners from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, June 16th. FBR & Co cut Farmland Partners from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $12.00 to $10.00 in a research report on Tuesday, July 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $10.00 price target (down previously from $11.75) on shares of Farmland Partners in a research report on Monday, June 19th. Finally, TheStreet raised Farmland Partners from a “d” rating to a “c-” rating in a research report on Monday, April 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $10.90.
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In other Farmland Partners news, CEO Paul A. Pittman acquired 5,000 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was acquired at an average price of $8.99 per share, with a total value of $44,950.00. Following the transaction, the chief executive officer now directly owns 545,388 shares in the company, valued at $4,903,038.12. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dennie Dixon Boardman sold 65,422 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $9.84, for a total transaction of $643,752.48. Following the sale, the director now directly owns 1,601 shares of the company’s stock, valued at approximately $15,753.84. The disclosure for this sale can be found here. Insiders bought a total of 19,700 shares of company stock valued at $190,402 in the last three months. Insiders own 2.76% of the company’s stock.
About Farmland Partners
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).
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