Farmland Partners Reaches New 12-Month Low at $10.21 (FPI)
Farmland Partners (NYSE:FPI)’s share price hit a new 52-week low on Tuesday , Analyst RN reports. The company traded as low as $10.21 and last traded at $10.60, with a volume of 91,774 shares traded. The stock had previously closed at $10.91.
Separately, 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.
The stock’s 50-day moving average is $12.45 and its 200-day moving average is $12.83. The company’s market cap is $82.7 million.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 3.91%.
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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