American Farmland Co (NASDAQ:AFCO) has received an average broker rating score of 2.40 (Buy) from the five analysts that provide coverage for the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. American Farmland’s rating score has declined by 60% in the last three months as a result of various analysts’ ratings changes.
Brokers have set a 1 year consensus price target of $8.71 for the company and are expecting that the company will post $0.04 EPS for the current quarter, according to Zacks. Zacks has also assigned American Farmland an industry rank of 93 out of 265 based on the ratings given to related companies.
A number of research analysts have recently issued reports on AFCO shares. Zacks Investment Research raised American Farmland from a “sell” rating to a “hold” rating in a report on Friday, June 17th. Deutsche Bank AG lowered American Farmland from a “buy” rating to a “hold” rating and dropped their target price for the company from $9.00 to $8.00 in a report on Tuesday, September 13th. Finally, Janney Montgomery Scott lowered American Farmland from a “buy” rating to a “neutral” rating in a report on Monday, September 12th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of American Farmland by 4.7% in the second quarter. Vanguard Group Inc. now owns 491,236 shares of the company’s stock worth $2,967,000 after buying an additional 22,083 shares in the last quarter. Citigroup Inc. raised its position in shares of American Farmland by 15,921.2% in the second quarter. Citigroup Inc. now owns 240,318 shares of the company’s stock worth $1,452,000 after buying an additional 238,818 shares in the last quarter. Raymond James & Associates raised its position in shares of American Farmland by 125.3% in the second quarter. Raymond James & Associates now owns 189,558 shares of the company’s stock worth $1,145,000 after buying an additional 105,421 shares in the last quarter. Cannell Capital LLC acquired a new position in shares of American Farmland during the second quarter worth $277,000. Finally, First Allied Advisory Services Inc. acquired a new position in shares of American Farmland during the second quarter worth $262,000.
American Farmland (NASDAQ:AFCO) opened at 7.44 on Friday. The stock’s market cap is $125.89 million. The firm has a 50-day moving average price of $6.95 and a 200-day moving average price of $6.45. American Farmland has a one year low of $4.95 and a one year high of $8.12.
American Farmland (NASDAQ:AFCO) last released its quarterly earnings results on Monday, August 15th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by $0.04. The business earned $3.08 million during the quarter, compared to the consensus estimate of $3.19 million. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities analysts predict that American Farmland will post ($0.12) earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 22nd were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Tuesday, September 20th.
American Farmland Company Profile
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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