Janney Capital Downgrades American Farmland Co to Neutral

Brokerage firm Janney Capital Downgrades its rating on American Farmland Co(NYSEMKT:AFCO). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Janney Capital was issued on Sep 12, 2016.

American Farmland Co(AFCO) last announced its earnings results on Aug 15, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.08M. Analysts had an estimated revenue of $3.17M. Earnings per share were $-0.08. Analysts had estimated an EPS of $0.01.

Several Insider Transactions has been reported to the SEC. On Oct 22, 2015, Mark Wilkinson (director) purchased 1,000 shares at $8.00 per share price.Also, 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.

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