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Farmland Partners (NYSE:FPI) shares hit a new 52-week low during mid-day trading on Thursday , American Banking News.com reports. The stock traded as low as $11.60 and last traded at $11.62, with a volume of 190,680 shares traded. The stock had previously closed at $12.03.

Several analysts have recently commented on the stock. Analysts at BMO Capital Markets initiated coverage on shares of Farmland Partners in a research note on Monday, May 19th. They set an “outperform” rating and a $15.00 price target on the stock. Separately, 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. Finally, 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.

The stock has a 50-day moving average of $12.96 and a 200-day moving average of $13.04. The company’s market cap is $47.4 million.

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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