At the time of writing, Farmland Partners Inc [FPI] stock is trading at $11.80, up 7.76%. An important factor to consider is whether the stock is rising or falling in short-term value. The FPI shares have gain 6.40% over the last week, with a monthly amount glided 3.42%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, Farmland Partners Inc. Reports Full Year 2023 Results. In a post published today on Yahoo Finance, Completed Nearly $200 million of Asset Sales, Demonstrating Gains, and Returning Capital to Shareholders.
From an analyst’s perspective:
Previously, Janney upgraded its rating to Buy on January 13, 2023. On June 21, 2022, ROTH Capital initiated with a Buy rating and assigned a price target of $16 on the stock. Berenberg started tracking the stock assigning a Buy rating and suggested a price target of $14 on October 14, 2021. B. Riley FBR downgraded its rating to a Neutral but $7.50 remained the price target by the analyst firm on November 13, 2018. Janney downgraded its rating to Neutral for this stock on March 16, 2018. In a note dated September 19, 2017, Raymond James initiated an Mkt Perform rating.
For the past year, the stock price of Farmland Partners Inc fluctuated between $9.29 and $13.06. Currently, Wall Street analysts expect the stock to reach $17 within the next 12 months. Farmland Partners Inc [NYSE: FPI] shares were valued at $11.80 at the most recent close of the market. An investor can expect a potential return of 44.07% based on the average FPI price forecast.
Analyzing the FPI fundamentals
According to Farmland Partners Inc [NYSE:FPI], the company’s sales were 57.70M for trailing twelve months, which represents an -11.59% plunge. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.36%, and Net Profit Margin reading is 0.35%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.33 points at the first support level, and at 10.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.07, and for the 2nd resistance point, it is at 12.34.
Farmland Partners Inc [FPI] reported earnings per share of $0.31 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.23/share, meaning a difference of $0.08 and a surprise factor of 34.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.07 per share as compared to estimates of $0.07 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 9.86, the price to book ratio is 1.11 and price to earnings (TTM) ratio is 39.72.
Transactions by insiders
Recent insider trading involved Pittman Paul A, Executive Chairman, that happened on Sep 29 when 31048.0 shares were purchased. Executive Chairman, Pittman Paul A completed a deal on Sep 28 to buy 2774.0 shares. Meanwhile, Executive Chairman Pittman Paul A bought 66178.0 shares on Sep 27.
