Farmland Partners Inc. (FPI) Sees Unusually-High Trading Volume
Shares of Farmland Partners Inc. (NYSE:FPI) saw unusually-high trading volume on Wednesday . Approximately 82,028 shares changed hands during trading, an increase of 5% from the previous session’s volume of 78,368 shares.The stock last traded at $11.47 and had previously closed at $11.65.
Separately, Zacks Investment Research downgraded Farmland Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, May 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $12.00.
The stock has a 50 day moving average price of $11.57 and a 200-day moving average price of $11.07. The stock’s market cap is $148.78 million.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a $0.1275 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.51 annualized dividend and a dividend yield of 4.47%.
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.
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