FPI Stock Summary and Trading Ideas (Farmland Partners | NYSE:FPI)

Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America. The company is an internally managed real estate company which owns and contracts farmland and storage facilities located across the United States. Majority of the properties in its portfolio are used to grow primary crops, such as corn, soybeans, wheat, rice and cotton, and rest to produce specialty crops, such as almonds, citrus, blueberries, and vegetables. The company generates its revenues through the rent it receives from its tenants.

Farmland Partners trades on the NYSE stock market under the symbol FPI.

As of April 17, 2024, FPI stock price was flat at $10.41 with 216,639 million shares trading.

FPI has a beta of 0.98, meaning it tends to be less sensitive to market movements. FPI has a correlation of 0.18 to the broad based SPY ETF.

FPI has a market cap of $501.62 million. This is considered a Small Cap stock.

In the last 3 years, FPI stock traded as high as $16.43 and as low as $9.44.

The top ETF exchange traded funds that FPI belongs to (by Net Assets): VNQ, VTI, IWM, VXF, IWN.

FPI has underperformed the market in the last year with a return of 0.0%, while the SPY ETF gained +22.5%. In the last 3 month period, FPI fell short of the market, returning -6.8%, while SPY returned +6.3%. However, in the most recent 2 weeks FPI has outperformed the stock market by returning -3.5%, while SPY returned -3.6%.

FPI support price is $10.25 and resistance is $10.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FPI stock will trade within this expected range on the day.