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American Farmland (AFCO) in Focus: Stock Jumps 9.4%

American Farmland Company AFCO was a big mover last session, as the company saw its shares rise more than 9% on the day.  Shares moved up after the company stated that its Board of Directors will review strategic alternatives to increase shareholder value. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $6.05 to $6.46  in the past one-month time frame.

None of the estimates for this REIT industry stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

American Farmland has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

However, a better-ranked stock in the same space is Crown Castle International Corp. CCI, sporting a Zacks Rank #1 (Strong Buy).


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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
CROWN CASTLE (CCI): Free Stock Analysis Report
 
AMERICAN FARMLD (AFCO): Free Stock Analysis Report
 
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