Farmland Partners (NYSE:FPI) Receives Daily Media Sentiment Rating of 0.10
Press coverage about Farmland Partners (NYSE:FPI) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Farmland Partners earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 48.4175073574264 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Stock is up at $8.88 (FPI) Farmland Partners Inc. Announces… – Modern Readers (modernreaders.com)
- Farmland Partners Inc. Announces Commencement of Public Offering of Series B Participating Preferred Stock – Markets Insider (markets.businessinsider.com)
- Are Farmland Partners Inc (NYSE:FPI) Shares Heading Higher? – Wall Street Review (thewallstreetreview.com)
- Farmland Partners Inc. (NYSE:FPI) Trading Volume Significantly Higher – First News 24 (firstnewspaper24.com)
Farmland Partners (NYSE:FPI) opened at 8.85 on Tuesday. Farmland Partners has a one year low of $8.55 and a one year high of $11.98. The firm has a 50 day moving average of $8.99 and a 200 day moving average of $10.28. The firm has a market capitalization of $288.00 million, a PE ratio of 158.04 and a beta of 0.18.
Farmland Partners (NYSE:FPI) last announced its quarterly earnings results on Monday, May 8th. The financial services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.15. The company had revenue of $7.15 million during the quarter, compared to the consensus estimate of $9.34 million. Farmland Partners had a net margin of 12.46% and a return on equity of 1.66%. Equities analysts forecast that Farmland Partners will post $0.04 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 2nd will be paid a $0.127 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.74%. Farmland Partners’s dividend payout ratio (DPR) is presently 425.04%.
Several research firms have recently weighed in on FPI. FBR & Co lowered shares of Farmland Partners from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $12.00 to $10.00 in a research report on Tuesday, July 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $10.00 target price (down from $11.75) on shares of Farmland Partners in a report on Monday, June 19th. Robert W. Baird decreased their target price on shares of Farmland Partners from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Friday, June 16th. Zacks Investment Research cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a report on Thursday, June 15th. Finally, TheStreet upgraded shares of Farmland Partners from a “d” rating to a “c-” rating in a report on Monday, April 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $10.90.
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In other news, Director Dennie Dixon Boardman sold 65,422 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $9.84, for a total value of $643,752.48. Following the completion of the sale, the director now directly owns 1,601 shares of the company’s stock, valued at approximately $15,753.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Paul A. Pittman purchased 5,000 shares of the stock in a transaction dated Friday, June 16th. The stock was bought at an average cost of $8.99 per share, with a total value of $44,950.00. Following the completion of the purchase, the chief executive officer now owns 545,388 shares in the company, valued at $4,903,038.12. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 19,700 shares of company stock valued at $190,402. 2.76% of the stock is currently owned by company insiders.
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).
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