Robert W. Baird analyst Dave Rodgers reiterated a Hold rating on Farmland (NYSE: FPI) yesterday and set a price target of $7. The company’s shares closed yesterday at $6.42.
According to TipRanks.com, Rodgers is a 4-star analyst with an average return of 7.1% and a 79.8% success rate. Rodgers covers the Financial sector, focusing on stocks such as Washington Real Estate Investment Trust, First Industrial Realty Trust, and Franklin Street Properties.
Farmland has an analyst consensus of Moderate Buy, with a price target consensus of $7.50.
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Farmland’s market cap is currently $211M and has a P/E ratio of 1337.5. The company has a Price to Book ratio of 0.67.
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
