Farmland Partners Inc. found using ticker (FPI) now have 4 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 7.5 and 6.5 with a mean TP of 7. Now with the previous closing price of 6.78 this indicates there is a potential upside of 3.2%. The 50 day MA is 6.79 and the 200 day moving average is 6.5. The market cap for the company is $349m. Find out more information at: http://www.farmlandpartners.com
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 156,500 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.