Farmland Partners Stock Forecast, Price & News NYSE:FPI

Commenting on the merger, Paul Pittman, FPI Chairman and CEO, said, “We are now the largest, most diversified, most liquid REIT investing in farmland – and we look forward to continued accretive growth.” That allows us to choose tenants who promote efficiency, prioritize land productivity, and protect our assets. We believe that diversification within Crypto slang and across core farming regions and crop types provides significant risk mitigation to our investors. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. The Barchart Technical Opinion rating is a 56% Sell with a Strengthening short term outlook on maintaining the current direction.

Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Amplify Inflation Fighter ETF holds 18,990 shares of FPI stock, representing 2.63% of its portfolio. Due to higher costs of transportation, the location of the farmland to grain elevators, feedlots, and ethanol plants is vital to the success of our portfolio. We seek to acquire farmland where water availability through precipitation and irrigation meets the agrinomic needs of crops in the region. Our team’s deep understanding of agriculture and the factors affecting the value of farmland allow us to identify properties consistent with our uncompromising investment criteria.

FPI Overview

As of July 31st, there was short interest totaling 1,870,000 shares, a decrease of 19.0% from the July 15th total of 2,310,000 shares. Based on an average daily trading volume, of 394,700 shares, the short-interest ratio is currently 4.7 days. Farmland Partners issued an update on its FY 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share guidance of $0.11-$0.18 for the period, compared to the consensus earnings per share estimate of $0.22. Approximately 64.61% of the outstanding shares of AFCO common stock voted at the AFCO special meeting, with approximately 99.64% of the votes cast in favor of the proposed merger.

Investors of record on Monday, October 2nd will be paid a dividend of $0.06 per share on Monday, October 16th. This represents a $0.24 dividend on an annualized basis and a yield of 2.19%. By providing your email address below, you are providing consent to Farmland Partners Inc. to send you the requested Investor Email Alert updates. Paul A. Pittman continues to serve as Chief Executive Officer and Chairman of the Board of Directors for the combined company. Luca Fabbri continues to serve as Chief Financial Officer and Treasurer for the combined company. Robert L. Cowan, former President and Chief Investment Officer of AFCO, joined the combined company as its President.

Farmland Partners Inc. Completes Merger with American Farmland Company

After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. Farmland Partners Inc. responded to accusations Wednesday afternoon from a short seller that sent shares to all-time lows in the regular trading session, saying the “allegations are false.” Farmland Partners stock bounced…

The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating.

Approximately 54.65% of the outstanding shares of FPI common stock voted at the FPI special meeting, with approximately 96.22% of the votes cast in favor of the issuance of shares of FPI common stock in connection with the proposed merger. Communications within this website are not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities. SAN FRANCISCO (MarketWatch) — Shares of Zoe’s Kitchen Inc. soared on their market debut, the strongest launch of the three initial public offerings trading Friday. Farmland Partners’ stock was trading at $12.46 at the beginning of the year.

farms in our portfolio.

We’re invested in agriculture’s future through a diverse, proven portfolio of farmland. Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to https://investmentsanalysis.info/ identify such forward-looking statements, which generally are not historical in nature. All statements that address events or developments that we expect or anticipate will occur in the future are forward-looking statements. These statements are not guarantees of future events and involve certain risks, uncertainties and assumptions that are difficult to predict.

The combined company is the largest public farmland real estate investment trust in the nation, spanning more than 144,000 acres across 16 states. On a consolidated basis, the combined portfolio consists of approximately 75% primary row crop farmland and 25% specialty crops (fresh fruits and vegetables and permanent crops) by value. This composition of farmland closely tracks the aggregate value of all U.S. agricultural production, which FPI believes offers stockholders well diversified exposure to high-quality U.S. farmland. FPI generally does not operate properties; it leases its farmland to some of the leading producers in the nation. FPI now has over 100 tenant farmers who grow more than 26 major commercial crops, resulting in broad diversification across the combined company’s portfolio. Farmland Partners, Inc. operates as a real estate investment trust.

Zoe’s Kitchen surges 65% on market debut

The firm engages in the management and acquisition of farmland and land with agricultural development potential. Its property portfolio focuses on the primary crops, such as corn, soybeans, wheat, rice and cotton and the remaining land is used to grow specialty crops, such as almond, citrus, blueberries, vegetables and edible beans. The company was founded on September 27, 2013 and is headquartered in Denver, CO.

• View analysts price targets for FPI or view top-rated stocks among Wall Street analysts.
• This represents a $0.24 dividend on an annualized basis and a yield of 2.19%.
• Robert L. Cowan, former President and Chief Investment Officer of AFCO, joined the combined company as its President.

Investing in farmland hasn’t always made sense for most Americans, but that has now changed. We were founded by a farmer, and our team has hands-on farm experience. This expertise and love of agriculture has driven our past, and it’s shaping our future. Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of FPI stock can currently be purchased for approximately $10.98. Farmland Partners declared a quarterly dividend on Wednesday, July 26th.

Latest Financial Results

The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014. FPI elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014. 2 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Farmland Partners in the last twelve months. The consensus among Wall Street research analysts is that investors should “buy” FPI shares.

• Since then, FPI shares have decreased by 11.9% and is now trading at $10.98.
• Approximately 64.61% of the outstanding shares of AFCO common stock voted at the AFCO special meeting, with approximately 99.64% of the votes cast in favor of the proposed merger.
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• We seek to acquire farmland where water availability through precipitation and irrigation meets the agrinomic needs of crops in the region.
• © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

We’re a publicly traded real estate investment trust (REIT) that purchases, leases, and manages high-quality farmland throughout North America. Landmark Partners, an SEC Registered Advisor, is an experienced participant in the private equity secondary market for private equity (also known as secondaries) and real estate investments. Founded in 1989, the firm is a source of liquidity to owners of interests in venture, mezzanine, buyout, and real estate limited partnerships. Landmark Partners has four offices located in Boston, New York, Simsbury, and London.

Publicly Traded. Farmer Focused.

Since then, FPI shares have decreased by 11.9% and is now trading at $10.98. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. After submitting your request, you will receive an activation email to the requested email address. You must click the activation link in order to complete your subscription. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.