In a report released today, Craig Kucera from B.Riley FBR reiterated a Buy rating on Farmland (NYSE: FPI), with a price target of $7.50. The company’s shares closed yesterday at $6.42.
According to TipRanks.com, Kucera is a 4-star analyst with an average return of 6.5% and a 67.3% success rate. Kucera covers the Financial sector, focusing on stocks such as NexPoint Residential Trust Inc, National Retail Properties, and Gladstone Commercial Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Farmland with a $7.33 average price target.
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The company has a one-year high of $9.68 and a one-year low of $5.15. Currently, Farmland has an average volume of 473K.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FPI in relation to earlier this year.
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Farmland Partners Inc. operates as real estate company, which engages in owning and seeking to acquire row crop farmland. The company was founded on September 27, 2013 and is headquartered in Denver, CO.
