Farmland Companions Inc. (NYSE:FPI – Get Score) was the recipient of a big lower in brief curiosity in January. As of January fifteenth, there was brief curiosity totalling 1,630,000 shares, a lower of 6.3% from the December thirty first complete of 1,740,000 shares. Based mostly on a median day by day buying and selling quantity, of 330,600 shares, the days-to-cover ratio is presently 4.9 days.
Farmland Companions Inventory Efficiency
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NYSE:FPI opened at $12.82 on Tuesday. Farmland Companions has a fifty-two week low of $10.94 and a fifty-two week excessive of $16.43. The corporate has a market cap of $699.72 million, a price-to-earnings ratio of 67.48 and a beta of 0.76. The inventory has a fifty day transferring common worth of $12.87 and a 200-day transferring common worth of $13.59.
Analysts Set New Value Targets
A variety of analysis analysts have commented on FPI shares. Janney Montgomery Scott raised Farmland Companions from a “impartial” ranking to a “purchase” ranking and set a $16.00 worth goal on the inventory in a report on Friday, January thirteenth. StockNews.com upgraded Farmland Companions from a “promote” ranking to a “maintain” ranking in a analysis report on Friday, January thirteenth.
Institutional Buying and selling of Farmland Companions
A number of institutional traders and hedge funds have just lately modified their holdings of FPI. Nice West Life Assurance Co. Can purchased a brand new stake in shares of Farmland Companions throughout the third quarter value $36,000. Northwestern Mutual Wealth Administration Co. purchased a brand new stake in shares of Farmland Companions throughout the 2nd quarter value $42,000. Amalgamated Financial institution purchased a brand new stake in shares of Farmland Companions throughout the 1st quarter value $48,000. Lazard Asset Administration LLC purchased a brand new stake in shares of Farmland Companions throughout the third quarter value $53,000. Lastly, Allspring International Investments Holdings LLC purchased a brand new stake in shares of Farmland Companions throughout the third quarter value $62,000. 46.51% of the inventory is presently owned by institutional traders.
Farmland Companions Firm Profile
Farmland Companions Inc is an internally managed actual property firm that owns and seeks to amass high-quality North American farmland and makes loans to farmers secured by farm actual property. As of the date of this launch, the Firm owns roughly 155,000 acres in 16 states, together with Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota and Virginia.
Advisable Tales
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