Worth Watching: American Farmland Co’s Stock Is Sell After Today’s Big Decline

Worth Watching: American Farmland Co's Stock Is Sell After Today's Big Decline

The stock of American Farmland Co (NYSEMKT:AFCO) is a huge mover today! About 166,179 shares traded hands or 88.30% up from the average. American Farmland Co (NYSEMKT:AFCO) has risen 10.67% since April 27, 2016 and is uptrending. It has outperformed by 5.45% the S&P500.
The move comes after 5 months negative chart setup for the $145.05M company. It was reported on Nov, 30 by Barchart.com. We have $6.69 PT which if reached, will make NYSEMKT:AFCO worth $13.05M less.

Analysts await American Farmland Co (NYSEMKT:AFCO) to report earnings on March, 6. They expect $0.09 EPS, up 350.00% or $0.07 from last year’s $0.02 per share. AFCO’s profit will be $1.78 million for 20.42 P/E if the $0.09 EPS becomes a reality. After $-0.02 actual EPS reported by American Farmland Co for the previous quarter, Wall Street now forecasts -550.00% EPS growth.

American Farmland Co (NYSEMKT:AFCO) Ratings Coverage

Out of 7 analysts covering American Farmland (NYSEMKT:AFCO), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. American Farmland has been the topic of 8 analyst reports since November 16, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Deutsche Bank on Monday, November 16. The stock has “Outperform” rating given by RBC Capital Markets on Monday, November 16. The stock has “Hold” rating given by Deutsche Bank on Tuesday, September 13. The stock of American Farmland Co (NYSEMKT:AFCO) has “Buy” rating given on Monday, November 16 by Citigroup. The firm has “Outperform” rating given on Monday, November 16 by FBR Capital. The firm earned “Outperform” rating on Monday, November 23 by Oppenheimer. On Monday, September 12 the stock rating was downgraded by Janney Capital to “Neutral”. The company was initiated on Friday, December 4 by Raymond James.

According to Zacks Investment Research, “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.”

More recent American Farmland Co (NYSEMKT:AFCO) news were published by: Marketwatch.com which released: “American Farmland stock price target cut to $8 from $9 at RBC Capital” on July 05, 2015. Also Prnewswire.com published the news titled: “Farmland Partners Announces Transformative, Accretive Merger With American …” on September 12, 2016. Seekingalpha.com‘s news article titled: “IPO Preview: American Farmland” with publication date: October 16, 2015 was also an interesting one.

AFCO Company Profile

American Farmland Company, incorporated on October 9, 2009, is an internally managed real estate company. The Firm owns a diversified 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. It operates through four divisions: Permanent Crop, Specialty/Vegetable Row Crop, Commodity Row Crop and Development. It leases its farms to professional farmer tenants under various lease structures with staggered durations, including fixed and participating leases, which typically consist of fixed base rent and participating revenue components. The Company, through its wholly owned subsidiaries, owns 100% fee simple interest in over 18 farms located in Alabama, Arkansas, California, Florida, Illinois and Georgia, consisting of approximately 16,136 gross acres of farmland.

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