Somewhat Positive Media Coverage Somewhat Unlikely to Impact Farmland Partners (FPI) Share Price
Press coverage about Farmland Partners (NYSE:FPI) has trended somewhat positive on Wednesday, according to Accern. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Farmland Partners earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 47.0620087154696 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Farmland Partners Inc. Announces Appointment of EKS&H LLLP as Company’s Accounting Firm – Markets Insider (markets.businessinsider.com)
- Farmland Partners Inc. Announces Appointment of EKS&H LLLP as … – PR Newswire (press release) (prnewswire.com)
- Farmland Partners Inc (FPI) CEO Acquires $18,205.50 in Stock (americanbankingnews.com)
- Farmland Partners Inc. (FPI) moves 1.82% above SMA-50 – The Stocks News (press release) (thestocksnews.com)
Farmland Partners (FPI) traded up $0.01 during trading hours on Wednesday, reaching $8.35. The company had a trading volume of 31,762 shares, compared to its average volume of 310,843. The firm has a market cap of $260.27, a PE ratio of -836,000.00 and a beta of 0.21. Farmland Partners has a 1-year low of $7.15 and a 1-year high of $11.17.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be issued a dividend of $0.127 per share. The ex-dividend date is Thursday, March 29th. This represents a $0.51 annualized dividend and a yield of 6.08%. Farmland Partners’s payout ratio is currently -5,100,000.00%.
A number of analysts have recently issued reports on the company. Zacks Investment Research raised Farmland Partners from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Friday, November 24th. Raymond James Financial reaffirmed a “hold” rating on shares of Farmland Partners in a research report on Monday, December 4th. B. Riley cut their price objective on Farmland Partners from $10.00 to $8.50 and set a “neutral” rating for the company in a research report on Tuesday, March 6th. Finally, ValuEngine cut Farmland Partners from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Farmland Partners presently has a consensus rating of “Hold” and a consensus target price of $9.15.
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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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