Farmland Partners (NYSE:FPI) Given News Impact Score of 0.09

News coverage about Farmland Partners (NYSE:FPI) has trended somewhat positive on Thursday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Farmland Partners earned a news impact score of 0.09 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 47.0620087154696 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

NYSE:FPI traded up $0.01 on Thursday, hitting $8.27. The company had a trading volume of 209,569 shares, compared to its average volume of 307,861. The company has a market cap of $271.67, a price-to-earnings ratio of 22.97 and a beta of 0.08. Farmland Partners has a 52 week low of $7.15 and a 52 week high of $11.15.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be paid a $0.127 dividend. This represents a $0.51 annualized dividend and a yield of 6.14%. The ex-dividend date is Thursday, March 29th. Farmland Partners’s payout ratio is 141.67%.

FPI has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Farmland Partners from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a report on Tuesday, January 16th. ValuEngine downgraded shares of Farmland Partners from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. B. Riley reaffirmed a “hold” rating and set a $9.00 price target on shares of Farmland Partners in a report on Monday, March 5th. Finally, Janney Montgomery Scott downgraded shares of Farmland Partners from a “buy” rating to a “neutral” rating and set a $9.00 price target for the company. in a report on Friday, March 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $9.13.

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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 or has under contract over 166,000 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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