Deutsche Bank AG Lowers American Farmland Co (AFCO) to Hold
American Farmland Co (NASDAQ:AFCO) was downgraded by Deutsche Bank AG from a “buy” rating to a “hold” rating in a research report issued on Tuesday, The Fly reports.
AFCO has been the topic of a number of other reports. Zacks Investment Research downgraded American Farmland from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 8th. Janney Montgomery Scott cut American Farmland from a “buy” rating to a “neutral” rating in a report on Monday.
American Farmland (NASDAQ:AFCO) opened at 7.17 on Tuesday. American Farmland has a 12-month low of $4.95 and a 12-month high of $8.00. The stock’s 50 day moving average price is $6.04 and its 200-day moving average price is $6.25. The stock’s market capitalization is $121.32 million.
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American Farmland (NASDAQ:AFCO) last posted its quarterly earnings results on Monday, August 15th. The company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.04. The company earned $3.08 million during the quarter, compared to analysts’ expectations of $3.19 million. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. Analysts expect that American Farmland will post ($0.14) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 22nd will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $0.25 annualized dividend and a yield of 3.49%.
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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