Farmland Partners Inc. (FPI) Sees Unusually-High Trading Volume
Shares of Farmland Partners Inc. (NYSE:FPI) saw strong trading volume on Monday . 61,998 shares changed hands during mid-day 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.
Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Farmland Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, July 19th. BMO Capital Markets lowered shares of Farmland Partners from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $11.30 to $11.50 in a research note on Monday, April 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $12.00.
The company’s 50 day moving average price is $11.55 and its 200 day moving average price is $11.03. The firm’s market capitalization is $146.83 million.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend 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.