NASDAQ:AFCG

AFC Gamma (AFCG) Stock Price, News & Analysis

$12.24
-0.16 (-1.29%)
(As of 02:15 PM ET)
Today's Range
$12.18
$12.39
50-Day Range
$11.33
$13.11
52-Week Range
$9.91
$14.60
Volume
45,708 shs
Average Volume
117,642 shs
Market Capitalization
$253.00 million
P/E Ratio
12.00
Dividend Yield
15.69%
Price Target
$17.50

AFC Gamma MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
43.0% Upside
$17.50 Price Target
Short Interest
Healthy
3.95% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.00mentions of AFC Gamma in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.63%
From $1.93 to $2.00 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.21 out of 5 stars

Finance Sector

471st out of 868 stocks

Real Estate Industry

7th out of 23 stocks

AFCG stock logo

About AFC Gamma Stock (NASDAQ:AFCG)

AFC Gamma, Inc. originates, structures, underwrites, and invests in senior secured loans, and other various commercial real estate loans and debt securities for established companies operating in the cannabis industry. It primarily originates loans structured as senior loans secured by real estate, equipment, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties. The company has elected and qualified to be taxed as a real estate investment trust for the United States federal income tax purposes under the Internal Revenue Code of 1986. AFC Gamma, Inc. was incorporated in 2020 and is based in West Palm Beach, Florida.

AFCG Stock Price History

AFCG Stock News Headlines

Here's what to expect from AFC Gamma's earnings
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Trump Asset Seizures Threat A Warning For 401K Owners?
AFC Gamma (AFCG) Set to Announce Earnings on Thursday
Insider Stock Buying Reaches US$2.26m On AFC Gamma
Dank Dividends: 3 Cannabis REITs Offering High Yields
Trump Asset Seizure Threat Alert: Could Your Savings Be Next?
Trump Asset Seizures Threat A Warning For 401K Owners?
The 3 Best Cannabis Stocks to Buy in April 2024
AFCG Oct 2024 20.000 put
Q4 2023 AFC Gamma Inc Earnings Call
AFC Gamma declares $0.48 dividend
AFC Gamma Q4 2023 Earnings Preview
AFC Gamma's Earnings Outlook
See More Headlines
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Company Calendar

Last Earnings
3/07/2024
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
5/09/2024
Next Earnings (Confirmed)
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate
Sub-Industry
N/A
Current Symbol
NASDAQ:AFCG
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.50
High Stock Price Target
$25.00
Low Stock Price Target
$10.00
Potential Upside/Downside
+43.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$20.95 million
Pretax Margin
35.23%

Debt

Sales & Book Value

Annual Sales
$64.18 million
Cash Flow
$2.03 per share
Book Value
$15.65 per share

Miscellaneous

Free Float
15,252,000
Market Cap
$252.59 million
Optionable
Optionable
Beta
1.04
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AFCG Stock Analysis - Frequently Asked Questions

Should I buy or sell AFC Gamma stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AFC Gamma in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AFCG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AFCG, but not buy additional shares or sell existing shares.
View AFCG analyst ratings
or view top-rated stocks.

What is AFC Gamma's stock price target for 2024?

1 brokers have issued 1 year target prices for AFC Gamma's shares. Their AFCG share price targets range from $10.00 to $25.00. On average, they anticipate the company's share price to reach $17.50 in the next twelve months. This suggests a possible upside of 43.0% from the stock's current price.
View analysts price targets for AFCG
or view top-rated stocks among Wall Street analysts.

How have AFCG shares performed in 2024?

AFC Gamma's stock was trading at $12.03 at the beginning of 2024. Since then, AFCG shares have increased by 1.7% and is now trading at $12.24.
View the best growth stocks for 2024 here
.

Are investors shorting AFC Gamma?

AFC Gamma saw a increase in short interest in March. As of March 31st, there was short interest totaling 626,500 shares, an increase of 5.6% from the March 15th total of 593,500 shares. Based on an average daily volume of 125,100 shares, the days-to-cover ratio is presently 5.0 days. Currently, 4.0% of the company's stock are sold short.
View AFC Gamma's Short Interest
.

When is AFC Gamma's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our AFCG earnings forecast
.

How were AFC Gamma's earnings last quarter?

AFC Gamma, Inc. (NASDAQ:AFCG) announced its quarterly earnings results on Thursday, March, 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01. The business had revenue of $15.97 million for the quarter, compared to analysts' expectations of $18.06 million. AFC Gamma had a trailing twelve-month return on equity of 12.10% and a net margin of 30.38%. During the same quarter in the previous year, the business earned $0.61 earnings per share.

How often does AFC Gamma pay dividends? What is the dividend yield for AFC Gamma?

AFC Gamma announced a quarterly dividend on Monday, March 4th. Investors of record on Sunday, March 31st will be paid a dividend of $0.48 per share on Monday, April 15th. This represents a $1.92 dividend on an annualized basis and a yield of 15.69%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for AFCG
.

Is AFC Gamma a good dividend stock?

AFC Gamma (NASDAQ:AFCG) pays an annual dividend of $1.92 per share and currently has a dividend yield of 15.73%. AFCG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 188.24%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, AFCG will have a dividend payout ratio of 96.00% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for AFCG.

When did AFC Gamma IPO?

AFC Gamma (AFCG) raised $120 million in an initial public offering on Friday, March 19th 2021. The company issued 6,300,000 shares at a price of $19.00 per share. JMP Securities, Ladenburg Thalmann and Seaport Global Securities served as the underwriters for the IPO and Lake Street was co-manager.

Who are AFC Gamma's major shareholders?

AFC Gamma's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Wasatch Advisors LP (3.10%), Mirae Asset Global Investments Co. Ltd. (1.35%), Empowered Funds LLC (0.25%), Allspring Global Investments Holdings LLC (0.08%), Allspring Global Investments Holdings LLC (0.08%) and Guardian Asset Advisors LLC (0.07%). Insiders that own company stock include Brett Kaufman, Jonathan Gilbert Kalikow, Leonard M Tannenbaum and Robyn Tannenbaum.
View institutional ownership trends
.

How do I buy shares of AFC Gamma?

Shares of AFCG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:AFCG) was last updated on 5/9/2024 by MarketBeat.com Staff

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