Raymond James Financial Reiterates Hold Rating for Farmland Partners (FPI)

Farmland Partners (NYSE:FPI)‘s stock had its “hold” rating reaffirmed by Raymond James Financial in a note issued to investors on Monday.

A number of other brokerages also recently commented on FPI. Robert W. Baird downgraded shares of Farmland Partners from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $10.00 to $9.00 in a report on Tuesday, August 15th. B. Riley reaffirmed a “hold” rating and issued a $10.00 price target on shares of Farmland Partners in a report on Monday, November 13th. Zacks Investment Research raised shares of Farmland Partners from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Tuesday, September 19th. Stifel Nicolaus reissued a “buy” rating and issued a $9.25 price objective (down previously from $10.00) on shares of Farmland Partners in a research note on Monday, September 25th. Finally, BidaskClub raised shares of Farmland Partners from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Farmland Partners presently has a consensus rating of “Hold” and a consensus price target of $9.96.

Farmland Partners (FPI) opened at $8.93 on Monday. Farmland Partners has a 1-year low of $8.06 and a 1-year high of $11.76. The company has a market cap of $291.04, a PE ratio of 16.07 and a beta of 0.21.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Stelac Advisory Services LLC lifted its stake in Farmland Partners by 3.2% in the second quarter. Stelac Advisory Services LLC now owns 18,005 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 564 shares during the last quarter. Bard Associates Inc. lifted its stake in Farmland Partners by 0.6% in the second quarter. Bard Associates Inc. now owns 116,125 shares of the financial services provider’s stock worth $1,038,000 after purchasing an additional 700 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Farmland Partners by 12.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,808 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 1,398 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in Farmland Partners by 12.4% in the second quarter. Pinnacle Associates Ltd. now owns 13,600 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in Farmland Partners by 31.9% in the second quarter. Royal Bank of Canada now owns 17,014 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 4,119 shares during the last quarter. 41.01% of the stock is owned by institutional investors and hedge funds.

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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).

Analyst Recommendations for Farmland Partners (NYSE:FPI)

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