Farmland Partners Inc. (FPI) in Focus: Stock Rises 5.5% – Tale of the Tape

Zacks

Farmland Partners Inc. (FPI) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $10.15 to $10.66 over the past one-month time frame.

The stock has seen one upward estimate revision in the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for Farmland Partners. So make sure to keep an eye on this stock going forward to see if the latest jump can turn into more strength down the road.

Farmland Partners carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

However, some better-ranked stocks in the REIT – diversified industry include Corrections Corporation of America (CXW), Ashford Hospitality Trust, Inc. (AHT) and CatchMark Timber Trust, Inc. (CTT). While Corrections Corporation sports a Zacks Rank #1 (Strong Buy), Ashford Hospitality and CatchMark Timber hold a Zacks Rank #2 (Buy).

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