What Will Happen to Farmland Partners Inc. (FPI) Next? The Stock Just Declined A Lot

July 11, 2018 - By Darrin Black

Farmland Partners Inc. (NYSE:FPI) Logo

The stock of Farmland Partners Inc. (NYSE:FPI) is a huge mover today! The stock decreased 38.96% or $3.37 during the last trading session, reaching $5.28. About 7.26M shares traded or 3224.94% up from the average. Farmland Partners Inc. (NYSE:FPI) has declined 15.82% since July 11, 2017 and is downtrending. It has underperformed by 28.39% the S&P500.
The move comes after 9 months negative chart setup for the $207.52M company. It was reported on Jul, 11 by Barchart.com. We have $5.02 PT which if reached, will make NYSE:FPI worth $10.38M less.

Analysts await Farmland Partners Inc. (NYSE:FPI) to report earnings on July, 18. They expect $0.03 earnings per share, down 70.00 % or $0.07 from last year’s $0.1 per share. FPI’s profit will be $1.18 million for 44.00 P/E if the $0.03 EPS becomes a reality.

More notable recent Farmland Partners Inc. (NYSE:FPI) news were published by: 247Wallst.com which released: “American Airlines, Avon Products Plummet into Wednesday’s 52-Week Low Club” on July 11, 2018, also Benzinga.com with their article: “38 Stocks Moving In Wednesday’s Mid-Day Session” published on July 11, 2018, Gurufocus.com published: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Farmland Partners Inc. (FPI)” on July 11, 2018. More interesting news about Farmland Partners Inc. (NYSE:FPI) were released by: Seekingalpha.com and their article: “Farmland Partners: Increasing Pressure” published on July 06, 2018 as well as Globenewswire.com‘s news article titled: “Bragar Eagel & Squire, PC is Investigating Farmland Partners Inc. (FPI) on Behalf of Stockholders and Encourages …” with publication date: July 11, 2018.

Farmland Partners Inc., a real estate company, owns and seeks to acquire farmland located in agricultural markets in North America. The company has market cap of $207.52 million. The Company’s farms are used to grow primary crops, such as corn, soybeans, wheat, rice, and cotton. It has a 240 P/E ratio. The company's farms are also used to grow specialty crops, including almond, citrus, blueberries, vegetables, and edible beans.

Farmland Partners Inc. (NYSE:FPI) Ratings Chart

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