Farmland Partners (FPI) Earns Media Impact Rating of 0.12
News headlines about Farmland Partners (NYSE:FPI) have been trending somewhat positive on Sunday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Farmland Partners earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 47.2422186576916 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
- Olam sells North America farmland for S$148.5 million as part of its asset light strategy (straitstimes.com)
- Farmland Partners Buying $110 Mln Worth Of California’s Nut Crop Acreage From Olam (agfax.com)
- Farmland Partners: One Step Forward (seekingalpha.com)
- Here’s what Farmland Partners purchased for $110 million (farmfutures.com)
- FARMLAND PARTNERS INC. : Entry into a Material Definitive Agreement (form 8-K) (4-traders.com)
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 2nd will be issued a $0.127 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.82%. Farmland Partners’s payout ratio is currently 425.04%.
Several brokerages recently issued reports on FPI. Robert W. Baird lowered Farmland Partners from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $10.00 to $9.00 in a research report on Tuesday, August 15th. Stifel Nicolaus reaffirmed a “buy” rating and set a $10.00 target price (down from $11.75) on shares of Farmland Partners in a research report on Monday, June 19th. Raymond James Financial, Inc. began coverage on Farmland Partners in a research report on Monday, September 18th. They set a “market perform” rating on the stock. BidaskClub raised Farmland Partners from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th. Finally, Zacks Investment Research raised Farmland Partners from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $10.10.
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In other Farmland Partners news, General Counsel Erica Borenstein acquired 3,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were acquired at an average price of $8.45 per share, for a total transaction of $25,350.00. Following the acquisition, the general counsel now owns 19,404 shares in the company, valued at approximately $163,963.80. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders bought 8,000 shares of company stock worth $67,450. Company insiders own 2.76% of the company’s stock.
About Farmland Partners
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).
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