Several brokerages have updated their recommendations and price targets on shares of American Farmland (NASDAQ: AFCO) in the last few weeks:

  • 9/15/2016 – American Farmland was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “American Farmland Company is a real estate investment trust which focused on the ownership, acquisition, development and management of farmland. Its operating segment consists of Permanent Crop, Specialty/Vegetable Row Crop, Commodity Row Crop and Development. Permanent Crop Segment which produces fruits and tree nuts; Specialty/Vegetable Row Crop Segment, which provides vegetable products; Commodity row crop Segment, which offers field crops and Development segment, which consists of its Blue Cypress Farm, Roadrunner Ranch, Condor Ranch, Grassy Island Groves, Pintail Vineyards and Hawk Creek Ranch properties. American Farmland Company is based in New York. “
  • 9/13/2016 – American Farmland was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating. They now have a $8.00 price target on the stock, down previously from $9.00.
  • 9/12/2016 – American Farmland was downgraded by analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating.
  • 9/8/2016 – American Farmland was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “American Farmland Company is a real estate investment trust which focused on the ownership, acquisition, development and management of farmland. Its operating segment consists of Permanent Crop, Specialty/Vegetable Row Crop, Commodity Row Crop and Development. Permanent Crop Segment which produces fruits and tree nuts; Specialty/Vegetable Row Crop Segment, which provides vegetable products; Commodity row crop Segment, which offers field crops and Development segment, which consists of its Blue Cypress Farm, Roadrunner Ranch, Condor Ranch, Grassy Island Groves, Pintail Vineyards and Hawk Creek Ranch properties. American Farmland Company is based in New York. “
  • 8/8/2016 – American Farmland was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “American Farmland Company is a real estate investment trust which focused on the ownership, acquisition, development and management of farmland. Its operating segment consists of Permanent Crop, Specialty/Vegetable Row Crop, Commodity Row Crop and Development. Permanent Crop Segment which produces fruits and tree nuts; Specialty/Vegetable Row Crop Segment, which provides vegetable products; Commodity row crop Segment, which offers field crops and Development segment, which consists of its Blue Cypress Farm, Roadrunner Ranch, Condor Ranch, Grassy Island Groves, Pintail Vineyards and Hawk Creek Ranch properties. American Farmland Company is based in New York. “

American Farmland Co (NASDAQ:AFCO) opened at 7.56 on Thursday. The company’s market capitalization is $127.92 million. American Farmland Co has a 1-year low of $4.95 and a 1-year high of $8.00. The firm has a 50-day moving average price of $6.33 and a 200 day moving average price of $6.32.

American Farmland (NASDAQ:AFCO) last announced its quarterly earnings data on Monday, August 15th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.04. The firm earned $3.08 million during the quarter, compared to analysts’ expectations of $3.19 million. American Farmland’s revenue was up 9.6% compared to the same quarter last year. On average, equities analysts predict that American Farmland Co will post ($0.12) EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 22nd will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Tuesday, September 20th.

American Farmland Company is an internally managed real estate company. The Company owns a portfolio of farmland, consisting of mature permanent, specialty/vegetable row and commodity row crop farms, including farmland in development, located in select major agricultural regions in the United States.

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