Sunday, June 26, 2022

Investing in Farmland Partners Inc. [FPI]: What You Must Know

In a filing, Farmland Partners Inc. revealed its Chief Executive Officer Pittman Paul A acquired Company’s shares for reported $14260.0 on May 18. In the deal valued at $14.26 per share,1,000 shares were bought. As a result of this transaction, Pittman Paul A now holds 1,098,307 shares worth roughly $ 16.01 million.


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Then, Pittman Paul A bought 2,000 shares, generating $26,870 in total proceeds. Upon buying the shares at $13.44, the Chief Executive Officer now owns 1,097,307 shares.

Before that, Pittman Paul A bought 500 shares. Farmland Partners Inc. shares valued at $5,995 were divested by the Chief Executive Officer at a price of $11.99 per share. As a result of the transaction, Pittman Paul A now holds 1,264,931 shares, worth roughly $18.44 million.

In the meantime, ROTH Capital initiated its Farmland Partners Inc. [FPI] rating to a Buy in a research note published on Tuesday, June 21, 2022; the price target was $16. PT values the company’s stock at a premium of 8.88 to its Tuesday closing price. A number of analysts have revised their coverage, including Berenberg’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. B. Riley FBR also remained covering FPI and has decreased its forecast on November 13, 2018 with a “Neutral” recommendation from previously “Buy” rating. Janney revised its rating on March 16, 2018. It rated FPI as “a Neutral” which previously was an “a Buy”.

Price Performance Review of FPI

On Tuesday, Farmland Partners Inc. [NYSE:FPI] saw its stock jump 3.33% to $14.58. On the same session, the stock had its day’s lowest price of $14.18, but rose to a high of $14.75. Over the last five days, the stock has gained 8.56%. Farmland Partners Inc. shares have risen nearly 22.01% since the year began. Nevertheless, the stocks have risen 16.45% over the past one year. While a 52-week high of $16.43 was reached on 04/20/22, a 52-week low of $10.62 was recorded on 01/28/22. SMA at 50 days reached $14.67, while 200 days put it at $12.78. A total of 0.77 million shares were traded, compared to the trading of 0.54 million shares in the previous session.

Levels Of Support And Resistance For FPI Stock

The 24-hour chart illustrates a support level at 14.26, which if violated will result in even more drops to 13.93. On the upside, there is a resistance level at 14.83. A further resistance level may holdings at 15.07. The Relative Strength Index (RSI) on the 14-day chart is 52.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.58%. Stochastics %K at 39.46% indicates the stock is a holding.

Farmland Partners Inc. [FPI] – Who Are The Largest Shareholders?

In filings from Global Alpha Capital Management L, it is revealed that the company now owns 3,160,363 shares, or roughly 10.29% of the outstanding FPI shares. In other words, the investor’s shares have risen by 403,400 from its previous 13-F filing of 2756963.0. Additionally, BlackRock Fund Advisors decreased -1.76% of its stake after which the total value it holdings stand at $27,623,522, while The Vanguard Group, Inc. added 0.03% of its stake to hold $24.61 million in the firm. Over the last quarter, Fidelity Management & Research Co sold -378,927 shares of Farmland Partners Inc., while DWS Investment Management America sold 0 shares. At present, Millennium Management LLC is holding 615,462 shares valued at $9.24 million. Two Sigma Investments LP owned 599,522 shares of the company at the time of its most recent 13F filing, worth $9.0 million.

According to FactSet, Farmland Partners Inc.’s share price will average $16.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 13.39 percent from its previous closing price of $14.11. Analysts expect Farmland Partners Inc. stock to reach the higher price of $17.00, while the lowest price estimate is $15.00. However, 6 analysts have rated FPI stock as an Overweight in their predictions for 2022. The most recent change occurred on September 19, 2017 when Raymond James began covering the stock and recommended ‘”a Mkt perform”‘ rating.

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