Take off with Farmland Partners Inc. (FPI): Get ready for trading

Farmland Partners Inc. (NYSE: FPI) stock fell -0.07% on Friday to $14.44 against a previous-day closing price of $14.45. With 0.37 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.67 million shares. During the session, the REIT – Specialty company that operates in wider Real Estate sector, reached to the highest price of $14.56 whereas the lowest price it dropped to was $14.27. The 52-week range on FPI shows that it touched its highest point at $16.43 and its lowest point at $10.62 during that stretch. It currently has a 1-year price target of $16.00. With its current market cap of 723.01 million, FPI has annualized dividend of $0.24 while the current yield stands at 1.66%. Beta for the stock currently stands at 0.73.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FPI was up-trending over the past week, with a rise of 3.00%, but this was up by 4.03% over a month. Three-month performance dropped to -2.63% while six-month performance rose 28.81%. The stock gained 13.17% in the past year, while it has gained 20.84% so far this year. A look at the trailing 12-month EPS for FPI yields -0.21 with Next year EPS estimates of 0.20. For the next quarter, that number is -0.03. This implies an EPS growth rate of 6.30% for this year and 37.76% for next year.

Float and Shares Shorts:

At present, 45.78 million FPI shares are outstanding with a float of 45.69 million shares on hand for trading. On Apr 28, 2022, short shares totaled 0.89 million, which was 1.77% higher than short shares on Mar 30, 2022. In addition to Mr. Paul A. Pittman as the firm’s Exec. Chairman & CEO, Mr. Luca Fabbri serves as its Pres.

Institutional Ownership:

Through their ownership of 42.08% of FPI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 34.71% of FPI, in contrast to 32.55% held by mutual funds. Shares owned by individuals account for 15.43%. As the largest shareholder in FPI with 10.29% of the stake, Global Alpha Capital Management L holds 3,160,363 shares worth 3,160,363. A second-largest stockholder of FPI, BlackRock Fund Advisors, holds 1,839,116 shares, controlling over 5.99% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in FPI, holding 1,638,617 shares or 5.33% stake. With a 5.77% stake in FPI, the CC&L Global Alpha Fund is the largest stakeholder. A total of 1,772,367 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 4.31% of FPI stock, is the second-largest Mutual Fund holder. It holds 1,324,098 shares valued at 18.27 million. iShares Russell 2000 ETF holds 3.17% of the stake in FPI, owning 973,413 shares worth 13.43 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FPI since 6 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With FPI analysts setting a high price target of $17.00 and a low target of $16.00, the average target price over the next 12 months is $16.20. Based on these targets, FPI could surge 17.73% to reach the target high and rise by 10.8% to reach the target low. Reaching the average price target will result in a growth of 12.19% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. FPI will report FY 2022 earnings on 03/15/2023. Analysts have provided yearly estimates in a range of $0.20 being high and -$0.01 being low. For FPI, this leads to a yearly average estimate of $0.09. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. The surprise factor in the prior quarter was $0.08. Based on analyst estimates, the high estimate for the next quarter is $0.01 and the low estimate is -$0.02. The average estimate for the next quarter is thus -$0.01.

Summary of Insider Activity:

Insiders traded FPI stock several times over the past three months with 4 Buys and 0 Sells. In these transactions, 2,928 shares were bought while 0 shares were sold. The number of buy transactions has increased to 37 while that of sell transactions has risen to 7 over the past year. The total number of shares bought during that period was 333,326 while 16,386 shares were sold.

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