Farmland Partners (NYSE:FPI) Receiving Somewhat Positive Press Coverage, Analysis Finds

Headlines about Farmland Partners (NYSE:FPI) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Farmland Partners earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 47.67434904101 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

FPI stock traded down $0.09 during trading on Wednesday, hitting $8.31. The stock had a trading volume of 363,103 shares, compared to its average volume of 319,049. Farmland Partners has a one year low of $7.15 and a one year high of $11.17. The firm has a market capitalization of $258.76, a P/E ratio of -831,000.00 and a beta of 0.21.

Farmland Partners (NYSE:FPI) last released its quarterly earnings data on Thursday, March 1st. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.06). Farmland Partners had a net margin of 17.12% and a return on equity of 2.08%. The firm had revenue of $15.56 million during the quarter, compared to analyst estimates of $15.76 million. analysts forecast that Farmland Partners will post 0.38 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be paid a $0.127 dividend. This represents a $0.51 annualized dividend and a dividend yield of 6.11%. The ex-dividend date of this dividend is Thursday, March 29th. Farmland Partners’s dividend payout ratio is currently -5,100,000.00%.

FPI has been the subject of a number of research reports. Zacks Investment Research raised shares of Farmland Partners from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a report on Tuesday, January 16th. ValuEngine cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Raymond James Financial reissued a “hold” rating on shares of Farmland Partners in a report on Monday, December 4th. Janney Montgomery Scott cut shares of Farmland Partners from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a report on Friday, March 16th. Finally, B. Riley reaffirmed a “hold” rating and issued a $9.00 price objective on shares of Farmland Partners in a research note on Monday, March 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.13.

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Farmland Partners Company Profile

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).

Insider Buying and Selling by Quarter for Farmland Partners (NYSE:FPI)

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