Farmland Partners (NYSE:FPI) Rating Reiterated by Raymond James Financial

Raymond James Financial restated their hold rating on shares of Farmland Partners (NYSE:FPI) in a research note released on Monday, December 4th.

Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Farmland Partners from a hold rating to a buy rating and set a $10.00 price target on the stock in a research note on Tuesday, September 19th. B. Riley reissued a hold rating and set a $10.00 price objective on shares of Farmland Partners in a report on Monday, November 13th. Stifel Nicolaus reaffirmed a buy rating and set a $9.25 price objective (down from $10.00) on shares of Farmland Partners in a research report on Monday, September 25th. BidaskClub raised shares of Farmland Partners from a strong sell rating to a sell rating in a research report on Thursday, August 24th. Finally, Robert W. Baird downgraded shares of Farmland Partners from an outperform rating to a neutral rating and decreased their target price for the stock from $10.00 to $9.00 in a research report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $9.65.

Farmland Partners (NYSE FPI) opened at $9.13 on Monday. Farmland Partners has a 1 year low of $8.06 and a 1 year high of $11.76. The firm has a market cap of $293.30, a PE ratio of 16.20 and a beta of 0.21.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a $0.127 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.56%. Farmland Partners’s dividend payout ratio is 268.44%.

A number of hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP raised its holdings in Farmland Partners by 132.5% during the 3rd quarter. GSA Capital Partners LLP now owns 105,100 shares of the financial services provider’s stock worth $950,000 after buying an additional 59,900 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in Farmland Partners by 50.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 168,677 shares of the financial services provider’s stock worth $1,525,000 after buying an additional 56,543 shares during the period. Wells Fargo & Company MN raised its holdings in Farmland Partners by 7.4% during the 3rd quarter. Wells Fargo & Company MN now owns 541,388 shares of the financial services provider’s stock worth $4,894,000 after buying an additional 37,371 shares during the period. Stelac Advisory Services LLC raised its holdings in Farmland Partners by 39.0% during the 3rd quarter. Stelac Advisory Services LLC now owns 25,031 shares of the financial services provider’s stock worth $226,000 after buying an additional 7,026 shares during the period. Finally, Stephens Inc. AR bought a new position in shares of Farmland Partners during the 3rd quarter worth approximately $610,000. Hedge funds and other institutional investors own 41.01% of the company’s stock.

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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).

Analyst Recommendations for Farmland Partners (NYSE:FPI)

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