Farmland Partners (NYSE:FPI) Rating Lowered to “Sell” at Wall Street Zen

Farmland Partners (NYSE:FPI) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Farmland Partners from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Four research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Farmland Partners Price Performance

Shares of FPI stock opened at $8.43 on Friday. The firm has a market cap of $353.89 million, a PE ratio of 56.20 and a beta of 0.77. Farmland Partners has a 12 month low of $8.35 and a 12 month high of $13.23. The stock has a 50 day moving average of $10.50 and a 200-day moving average of $10.71.

Farmland Partners (NYSE:FPI) last issued its quarterly earnings data on Wednesday, October 28th. The financial services provider reported ($0.36) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.37). The company had revenue of $9.78 million during the quarter, compared to the consensus estimate of $5.98 million. Farmland Partners had a net margin of 19.47% and a return on equity of 2.14%. As a group, equities analysts predict that Farmland Partners will post 0.23 EPS for the current fiscal year.

Institutional Trading of Farmland Partners

Large investors have recently bought and sold shares of the business. Fortitude Family Office LLC purchased a new position in shares of Farmland Partners in the third quarter worth about $25,000. Pinnacle Holdings LLC acquired a new stake in Farmland Partners in the 2nd quarter worth about $31,000. Legal & General Group Plc acquired a new position in shares of Farmland Partners in the 2nd quarter worth approximately $39,000. Integrated Wealth Concepts LLC acquired a new stake in Farmland Partners during the second quarter worth approximately $53,000. Finally, State of Wyoming purchased a new position in shares of Farmland Partners in the 1st quarter valued at about $79,000. 58.00% of the stock is currently owned by institutional investors and hedge funds.

Farmland Partners Company Profile

Farmland Partners Inc is a real estate investment trust (REIT) that owns and manages agricultural land in the United States. The company leases its farmland to farmers and agricultural operators, who use the properties to grow crops and conduct related farming activities.

Farmland Partners’ portfolio is primarily focused on high-quality farmland used to produce major row crops, including corn, soybeans, wheat and cotton, as well as specialty crops in selected markets. Its properties are located across a range of prominent agricultural regions, providing exposure to diverse soil types, growing conditions and crop economies.

Founded in 2013 and headquartered in Denver, Colorado, Farmland Partners became a publicly traded company on the New York Stock Exchange in 2014.