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Farmland Partners (FPI) Looks Good: Stock Moves 5.8% Higher
Farmland Partners Inc. (FPI - Free Report) was a big mover last session, as the company saw its shares rise almost 6% on the day. The upside was driven by the company’s improved fourth-quarter and full-year 2016 results. Also, this led to far more shares changing hands than in a normal session. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $10.80 to $11.42 in the past one-month time frame.
The company has seen one positive and no negative estimate revision in the past 30 days. Also, its Zacks Consensus Estimate moved higher over the same timeframe. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future
Farmland Partners holds a Zacks Rank #2 (Buy).
Farmland Partners Inc. Price
Farmland Partners Inc. Price | Farmland Partners Inc. Quote
Another favorably-ranked stock in the REIT and Equity Trust industry is Equity Commonwealth (EQC - Free Report) , which holds a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is FPI going up? Or down? Predict to see what others think: Up or Down
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