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Fly News Breaks for August 15, 2017
FPI
Aug 15, 2017 | 09:06 EDT
Baird downgraded Farmland Partners to Neutral and trimmed its price target to $9 from $10 saying financial leverage is moving towards 18x EBITDA following the recent preferred offering, and the participating rights could create a liability for the common holders that could grow over time and a common dividend AFFO payout ratio over 130% estimated through YE19,
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