Farmland Partners (NYSE:FPI) Downgraded by ValuEngine to “Buy”

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Farmland Partners (NYSE:FPI) was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday, ValuEngine reports.

Separately, Zacks Investment Research raised Farmland Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, October 9th.

Shares of Farmland Partners stock opened at $6.25 on Wednesday. Farmland Partners has a 12-month low of $4.45 and a 12-month high of $7.22. The stock has a market capitalization of $191.00 million, a P/E ratio of 26.04 and a beta of 0.77. The stock has a 50 day moving average price of $6.61 and a two-hundred day moving average price of $6.47.

Farmland Partners (NYSE:FPI) last posted its quarterly earnings data on Monday, November 11th. The financial services provider reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). Farmland Partners had a net margin of 16.85% and a return on equity of 2.74%. The business had revenue of $9.85 million during the quarter, compared to the consensus estimate of $12.03 million. Analysts expect that Farmland Partners will post 0.13 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of FPI. AE Wealth Management LLC boosted its position in shares of Farmland Partners by 109.3% in the second quarter. AE Wealth Management LLC now owns 32,139 shares of the financial services provider’s stock valued at $227,000 after acquiring an additional 16,784 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Farmland Partners by 73.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 35,087 shares of the financial services provider’s stock valued at $247,000 after acquiring an additional 14,893 shares during the period. SG Americas Securities LLC bought a new stake in shares of Farmland Partners in the second quarter valued at approximately $105,000. Global Alpha Capital Management Ltd. boosted its position in shares of Farmland Partners by 2.7% in the second quarter. Global Alpha Capital Management Ltd. now owns 1,308,034 shares of the financial services provider’s stock valued at $9,222,000 after acquiring an additional 34,690 shares during the period. Finally, Sawtooth Solutions LLC boosted its position in shares of Farmland Partners by 77.4% in the second quarter. Sawtooth Solutions LLC now owns 31,922 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 13,925 shares during the period. 50.44% of the stock is owned by institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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