American Farmland Co (AFCO) was Downgraded by Janney to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Janney advised their investors in a research report released on Sep 12, 2016.
On the company’s financial health, American Farmland Co reported $-0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Aug 15, 2016. Analyst had a consensus of $0.07. The company had revenue of $3.08 million for the quarter, compared to analysts expectations of $3.19 million. The company’s revenue was up 9.6% compared to the same quarter last year.
In a different news, on Oct 22, 2015, Mark Wilkinson (director) purchased 1,000 shares at $8.00 per share price. According to the SEC, on Oct 22, 2015, Lindsey B. Sichel (officer ) purchased 625 shares at $8.00 per share price. On Oct 22, 2015, Harrison T. Lefrak (director) purchased 125,000 shares at $8.00 per share price, according to the Form-4 filing with the securities and exchange commission.
American Farmland Company is a real estate company which is focused on cropland investments located in the United States. The Company operates through four segments: Permanent Crop Segment which produces fruits and tree nuts such as fruits and nuts grown on trees and vines including grapes cranberries apples citrus fruit almonds walnuts pistachios cherries figs peaches pears plums and prunes; Specialty/Vegetable Row Crop Segment which provides vegetable products such as tomatoes lettuce carrots beans beets cabbage cauliflower eggplant onions spinach peas sweet potatoes and melon crops; Commodity row crop Segment which offers field crops such as corn wheat soybean rice cotton oats rye barley sorghum potatoes and hay and Development segment which consists of its Blue Cypress Farm Roadrunner Ranch Condor Ranch Grassy Island Groves Pintail Vineyards and Hawk Creek Ranch properties.