Farmland Partners (FPI) Earns Media Impact Rating of 0.16
News articles about Farmland Partners (NYSE:FPI) have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Farmland Partners earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.9952643834467 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Brokerages Expect Farmland Partners Inc. (FPI) to Announce $0.06 EPS (americanbankingnews.com)
- Technical Focus on These Shares: Farmland Partners Inc (FPI) – Lockport Press (lockportpress.com)
- Trend Indicator Watch on This Stock: Farmland Partners Inc (FPI) – Lockport Press (lockportpress.com)
- Farmland Partners Inc. (FPI) Scheduled to Post Quarterly Earnings on Wednesday (americanbankingnews.com)
- SOLD! Farmland Partners Pays $110 Million for Central Valley Cropland (landreport.com)
Farmland Partners (FPI) traded up $0.08 during mid-day trading on Monday, hitting $8.63. 49,041 shares of the stock traded hands, compared to its average volume of 163,527. Farmland Partners has a twelve month low of $8.06 and a twelve month high of $11.97. The stock has a market cap of $281.70, a price-to-earnings ratio of 15.27 and a beta of 0.17.
Several brokerages have weighed in on FPI. Robert W. Baird downgraded Farmland Partners from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $10.00 to $9.00 in a research report on Tuesday, August 15th. Zacks Investment Research downgraded Farmland Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. 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, Stifel Nicolaus reaffirmed a “buy” rating and set a $9.25 price target (down from $10.00) on shares of Farmland Partners in a research report on Monday, September 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $9.95.
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In related news, Chairman Paul A. Pittman acquired 3,000 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was bought at an average price of $8.40 per share, with a total value of $25,200.00. Following the acquisition, the chairman now owns 1,084,615 shares in the company, valued at approximately $9,110,766. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders bought 8,000 shares of company stock valued at $67,450. 2.76% of the stock is currently owned by insiders.
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).
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