Farmland Partners Inc (NYSE:FPI) shares, rose in value on Thursday, November 21, with the stock price up by 0.23% to the previous day’s close as strong demand from buyers drove the stock to $12.44.
Actively observing the price movement in the recent trading, the stock is buoying the session at $12.41, falling within a range of $12.33 and $12.555. The value of beta (5-year monthly) is 0.695 whereas the PE ratio is 53.71 over 12-month period. Referring to stock’s 52-week performance, its high was $12.98, and the low was $9.70. On the whole, FPI has fluctuated by 11.36% over the past month.
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With the market capitalization of Farmland Partners Inc currently standing at about $614.18 million, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.24, with its dividend yield at 1.93%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 54.52M, with a low estimate of 19.02M and a high estimate of 19.02M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 19.02M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FPI’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of FPI currently trading nearly 4.09% and 11.18% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.05, while the 7-day volatility ratio is showing 1.98% which for the 30-day chart, stands at 2.44%. Furthermore, Farmland Partners Inc (FPI)’s beta value is 0.71, and its average true range (ATR) is 0.27.
A comparison of Farmland Partners Inc (FPI) with its peers suggests the former has fared considerably weaker in the market. FPI showed an intraday change of 0.23% in today’s session so far, and over the past year, it grew by 2.21%%.
Data on historical trading for Farmland Partners Inc (NYSE:FPI) indicates that the trading volumes over the past 10 days have averaged 0.37 and over the past 3 months, they’ve averaged 315.08K. According to company’s latest data on outstanding shares, there are 48.00 million shares outstanding.
Nearly 9.67% of Farmland Partners Inc’s shares belong to company insiders and institutional investors own 60.03% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.41 million shares as on 2024-10-31, resulting in a short ratio of 12.63. According to the data, the short interest in Farmland Partners Inc (FPI) stood at 782.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 3.51 million. The stock has fallen by -0.33% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FPI stock heading into the next quarter.
