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Strength Seen in Farmland Partners (FPI): Can Its 5.4% Jump Turn into More Strength?
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Farmland Partners (FPI - Free Report) shares rallied 5.4% in the last trading session to close at $11.51. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 4.1% loss over the past four weeks.
The increased investor optimism in the stock can be attributed to the favorable operating environment.
This real estate investment trust specializing in farmland is expected to post quarterly funds from operations (FFO) of $0.02 per share in its upcoming report, which represents a year-over-year change of +200%. Revenues are expected to be $11.8 million, up 1.9% from the year-ago quarter.
While FFO and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in FFO estimate revisions and near-term stock price movements.
For Farmland Partners, the consensus FFO per share estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in FFO estimate revisions. So, make sure to keep an eye on FPI going forward to see if this recent jump can turn into more strength down the road.
Farmland Partners is a member of the Zacks REIT and Equity Trust - Other industry. One other stock in the same industry, Gladstone Land (LAND - Free Report) , finished the last trading session 0.4% higher at $13.55. LAND has returned 0.3% over the past month.
For Gladstone, the consensus FFO per share estimate for the upcoming report has changed -14.8% over the past month to $0.12. This represents a change of +9.1% from what the company reported a year ago. Gladstone currently has a Zacks Rank of #4 (Sell).
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Strength Seen in Farmland Partners (FPI): Can Its 5.4% Jump Turn into More Strength?
Farmland Partners (FPI - Free Report) shares rallied 5.4% in the last trading session to close at $11.51. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 4.1% loss over the past four weeks.
The increased investor optimism in the stock can be attributed to the favorable operating environment.
This real estate investment trust specializing in farmland is expected to post quarterly funds from operations (FFO) of $0.02 per share in its upcoming report, which represents a year-over-year change of +200%. Revenues are expected to be $11.8 million, up 1.9% from the year-ago quarter.
While FFO and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in FFO estimate revisions and near-term stock price movements.
For Farmland Partners, the consensus FFO per share estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in FFO estimate revisions. So, make sure to keep an eye on FPI going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Farmland Partners is a member of the Zacks REIT and Equity Trust - Other industry. One other stock in the same industry, Gladstone Land (LAND - Free Report) , finished the last trading session 0.4% higher at $13.55. LAND has returned 0.3% over the past month.
For Gladstone, the consensus FFO per share estimate for the upcoming report has changed -14.8% over the past month to $0.12. This represents a change of +9.1% from what the company reported a year ago. Gladstone currently has a Zacks Rank of #4 (Sell).