Farmland Partners (NYSE:FPI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

According to Zacks, “Farmland Partners Inc. operates as a real estate company. It owns and seeks to acquire primary row crop farmland located in agricultural markets throughout North America. The substantial majority of the farms in its portfolio include primary row crops, such as corn and soybeans. Farmland Partners Inc. is based in United States. “

A number of other equities analysts have also recently issued reports on FPI. ValuEngine upgraded shares of Farmland Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 14th. B. Riley cut shares of Farmland Partners from a “buy” rating to a “neutral” rating and set a $7.50 target price for the company. in a research report on Tuesday, November 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Farmland Partners currently has an average rating of “Hold” and an average target price of $8.25.

Shares of NYSE FPI opened at $6.22 on Monday. Farmland Partners has a 52 week low of $5.15 and a 52 week high of $9.68. The stock has a market capitalization of $206.32 million, a P/E ratio of 17.28 and a beta of -0.05.

Farmland Partners (NYSE:FPI) last announced its quarterly earnings data on Monday, November 5th. The financial services provider reported $0.02 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. Farmland Partners had a net margin of 20.85% and a return on equity of 2.98%. The firm had revenue of $12.55 million during the quarter, compared to analysts’ expectations of $12.76 million. Research analysts forecast that Farmland Partners will post 0.29 EPS for the current fiscal year.

In other Farmland Partners news, CEO Paul A. Pittman bought 8,800 shares of the business’s stock in a transaction on Wednesday, October 10th. The stock was bought at an average price of $6.22 per share, for a total transaction of $54,736.00. Following the completion of the transaction, the chief executive officer now owns 1,229,521 shares in the company, valued at approximately $7,647,620.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Chris A. Downey bought 15,395 shares of the business’s stock in a transaction on Monday, October 15th. The shares were acquired at an average price of $6.27 per share, with a total value of $96,526.65. Following the transaction, the director now owns 7,386 shares of the company’s stock, valued at approximately $46,310.22. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 40,530 shares of company stock valued at $261,071. 10.10% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in FPI. Taylor Frigon Capital Management LLC acquired a new position in Farmland Partners during the second quarter worth about $1,128,000. Pier 88 Investment Partners LLC acquired a new position in Farmland Partners during the second quarter worth about $1,090,000. JPMorgan Chase & Co. raised its position in Farmland Partners by 1,267.7% during the third quarter. JPMorgan Chase & Co. now owns 121,587 shares of the financial services provider’s stock worth $814,000 after acquiring an additional 112,697 shares during the last quarter. Brookfield Asset Management Inc. raised its position in shares of Farmland Partners by 51.1% in the third quarter. Brookfield Asset Management Inc. now owns 213,000 shares of the financial services provider’s stock valued at $1,427,000 after buying an additional 72,000 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of Farmland Partners by 3.5% in the second quarter. BlackRock Inc. now owns 2,086,114 shares of the financial services provider’s stock valued at $18,357,000 after buying an additional 70,839 shares during the last quarter. Institutional investors own 52.08% of the company’s stock.

About Farmland Partners

Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of the date of this release, the Company owns approximately 162,000 acres in 17 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota, Texas and Virginia.

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