Shares of Farmland Partners Inc. (NYSE:FPI) were down 2.6% during mid-day trading on Friday . The stock traded as low as $11.05 and last traded at $11.06, with a volume of 59,089 shares traded. The stock had previously closed at $11.35.

Separately, Zacks Investment Research upgraded Farmland Partners from a “sell” rating to a “hold” rating in a report on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Farmland Partners currently has a consensus rating of “Buy” and an average price target of $12.00.

The firm’s 50-day moving average is $11.55 and its 200-day moving average is $11.08. The company’s market cap is $144.09 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 issued a $0.1275 dividend. This represents a $0.51 annualized dividend and a dividend yield of 4.61%. 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's FREE daily email newsletter.