American Farmland Co (NASDAQ:AFCO) posted its earnings results on Monday. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. The firm had revenue of $4.50 million for the quarter, compared to analyst estimates of $2.91 million. American Farmland’s revenue for the quarter was up 125.0% on a year-over-year basis.

Shares of American Farmland (NASDAQ:AFCO) opened at 7.18 on Tuesday. The firm has a 50-day moving average price of $7.39 and a 200-day moving average price of $6.57. The firm’s market cap is $121.49 million. American Farmland has a 52-week low of $4.95 and a 52-week high of $8.12.

AFCO has been the topic of several research reports. Janney Montgomery Scott lowered American Farmland from a “buy” rating to a “neutral” rating in a research note on Monday, September 12th. Zacks Investment Research raised American Farmland from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 15th. Finally, Deutsche Bank AG lowered American Farmland from a “buy” rating to a “hold” rating and reduced their price target for the company from $9.00 to $8.00 in a research report on Tuesday, September 13th.

Large investors have recently made changes to their positions in the stock. HighTower Advisors LLC increased its stake in shares of American Farmland by 25.4% in the third quarter. HighTower Advisors LLC now owns 42,009 shares of the company’s stock worth $333,000 after buying an additional 8,513 shares in the last quarter. KCG Holdings Inc. acquired a new stake in shares of American Farmland during the third quarter worth approximately $151,000. Northern Trust Corp increased its stake in shares of American Farmland by 135.2% in the third quarter. Northern Trust Corp now owns 29,776 shares of the company’s stock worth $235,000 after buying an additional 17,116 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of American Farmland by 23.6% in the third quarter. Bank of New York Mellon Corp now owns 178,378 shares of the company’s stock worth $1,408,000 after buying an additional 34,094 shares in the last quarter. Finally, First Allied Advisory Services Inc. acquired a new stake in shares of American Farmland during the second quarter worth approximately $262,000.

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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