The stock of Farmland Partners Inc (NYSE:FPI) is a huge mover today! About 759,900 shares traded hands or 518.07% up from the average. Farmland Partners Inc (NYSE:FPI) has risen 10.45% since April 27, 2016 and is uptrending. It has outperformed by 5.22% the S&P500.
The move comes after 5 months negative chart setup for the $157.07M company. It was reported on Nov, 30 by Barchart.com. We have $10.18 PT which if reached, will make NYSE:FPI worth $12.57M less.
Analysts await Farmland Partners Inc (NYSE:FPI) to report earnings on March, 13. They expect $0.10 EPS, down 16.67% or $0.02 from last year’s $0.12 per share. FPI’s profit will be $1.42 million for 27.65 P/E if the $0.10 EPS becomes a reality. After $0.09 actual EPS reported by Farmland Partners Inc for the previous quarter, Wall Street now forecasts 11.11% EPS growth.
Farmland Partners Inc (NYSE:FPI) Ratings Coverage
Out of 3 analysts covering Farmland Partners (NYSE:FPI), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Farmland Partners has been the topic of 3 analyst reports since September 23, 2015 according to StockzIntelligence Inc. Wunderlich initiated the shares of FPI in a report on Wednesday, September 23 with “Buy” rating. The company was maintained on Tuesday, November 10 by Stifel Nicolaus. As per Thursday, December 3, the company rating was initiated by Janney Capital.
According to Zacks Investment Research, “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.”
More notable recent Farmland Partners Inc (NYSE:FPI) news were published by: Prnewswire.com which released: “Farmland Partners Inc. Announces Pricing of Public Offering of Common Stock” on November 30, 2016, also Prnewswire.com with their article: “Farmland Partners Announces Transformative, Accretive Merger With American …” published on September 12, 2016, Prnewswire.com published: “Farmland Partners Inc. Reports Results for the Quarter Ended September 30, 2016” on November 02, 2016. More interesting news about Farmland Partners Inc (NYSE:FPI) were released by: Prnewswire.com and their article: “Farmland Partners Inc. Announces Date for Third Quarter 2016 Earnings Release …” published on October 27, 2016 as well as Prnewswire.com‘s news article titled: “Farmland Partners Inc. Announces Agreement for Acquisition of Approximately …” with publication date: November 09, 2015.
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