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BMO Capital Markets started coverage on shares of Farmland Partners (NYSE:FPI) in a research note issued on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $15.00 price target on the stock. BMO Capital Markets’ price target suggests a potential upside of 21.65% from the company’s current price.

Farmland Partners (NYSE:FPI) traded down 1.78% during mid-day trading on Monday, hitting $12.11. The stock had a trading volume of 16,352 shares. Farmland Partners has a 1-year low of $12.31 and a 1-year high of $14.00. The stock’s 50-day moving average is $13.23 and its 200-day moving average is $13.23. The company’s market cap is $48.6 million.

A number of other firms have also recently commented on FPI. Analysts at Stephens initiated coverage on shares of Farmland Partners in a research note on Wednesday, May 7th. They set an “overweight” rating and a $16.00 price target on the stock. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of Farmland Partners in a research note on Wednesday, May 7th. They set a “buy” rating and a $15.00 price target on the stock. Finally, analysts at Robert W. Baird initiated coverage on shares of Farmland Partners in a research note on Tuesday, May 6th. They set an “outperform” rating and a $15.00 price target on the stock.

Farmland Partners Inc is an internally managed real estate company that owns and seeks to acquire primary row crop farmland located in agricultural markets throughout North America.

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