Farmland Partners Inc. (FPI) Sees Strong Trading Volume
Farmland Partners Inc. (NYSE:FPI) shares saw unusually-high trading volume on Monday . Approximately 61,998 shares were traded during trading, an increase of 9% from the previous session’s volume of 56,681 shares.The stock last traded at $11.13 and had previously closed at $11.15.
Separately, Zacks Investment Research raised Farmland Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $12.00.
The firm’s 50 day moving average price is $11.57 and its 200 day moving average price is $11.04. The stock’s market capitalization is $145.78 million.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.1275 per share. This represents a $0.51 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Wednesday, September 28th.
Farmland Partners, Inc is an internally managed real estate company. The Company owns and seeks to acquire primary crop 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 Company’s principal investment focus is on farmland located in agricultural markets throughout North America, however, it may seek to acquire farmland outside of North America.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.