AFC Gamma (AFCG) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $9.12 to $9.33
• 50-Day Range: $9.12 to $10.75
• 52-Week Range: $8.06 to $13.35
• Volume: 146,203 shs
• Average Volume: 147,209 shs
• Market Capitalization: $188.48 million
• P/E Ratio: 22.80
• Dividend Yield: 14.47%
• Price Target: $11.00
• Consensus Rating: Moderate Buy

AFC Gamma Stock Analysis - MarketRank™

AFC Gamma scored higher than 61% of companies evaluated by MarketBeat, and ranked 540th out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

AFC Gamma has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

AFC Gamma has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -12.43%

Earnings Growth

Earnings for AFC Gamma are expected to decrease by -12.43% in the coming year, from $1.69 to $1.48 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of AFC Gamma is 22.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.24.

Price to Earnings Ratio vs. Sector

The P/E ratio of AFC Gamma is 22.80, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 30.25.

Price to Book Value per Share Ratio

AFC Gamma has a P/B Ratio of 0.58. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.79% of the float of AFC Gamma has been sold short.

Short Interest Ratio / Days to Cover

AFC Gamma has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in AFC Gamma has recently increased by 7.44%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

AFC Gamma is a leading dividend payer. It pays a dividend yield of 14.29%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

AFC Gamma does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of AFC Gamma is 330.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, AFC Gamma will have a dividend payout ratio of 89.19% in the coming year. This indicates that AFC Gamma may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.79% of the float of AFC Gamma has been sold short.

Short Interest Ratio / Days to Cover

AFC Gamma has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in AFC Gamma has recently increased by 7.44%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.68

News Sentiment

AFC Gamma has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for AFC Gamma this week, compared to 2 articles on an average week.

Search Interest

Only 1 people have searched for AFCG on MarketBeat in the last 30 days. This is a decrease of -83% compared to the previous 30 days.

MarketBeat Follows

5 people have added AFC Gamma to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, AFC Gamma insiders have not sold or bought any company stock.

Percentage Held by Insiders

26.20% of the stock of AFC Gamma is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 26.53% of the stock of AFC Gamma is held by institutions.

AFCG Stock Analysis - Frequently Asked Questions

How have AFCG shares performed this year?

AFC Gamma's stock was trading at $12.03 at the beginning of 2024. Since then, AFCG stock has decreased by 24.2% and is now trading at $9.12.
View the best growth stocks for 2024 here.

How were AFC Gamma's earnings last quarter?

AFC Gamma, Inc. (NASDAQ:AFCG) announced its quarterly earnings data on Thursday, March, 7th. The company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.01. The firm earned $15.97 million during the quarter, compared to the consensus estimate of $18.06 million. AFC Gamma had a trailing twelve-month return on equity of 11.81% and a net margin of 13.69%.

When did AFC Gamma IPO?

AFC Gamma (AFCG) raised $120 million in an initial public offering (IPO) on Friday, March 19th 2021. The company issued 6,300,000 shares at $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 top institutional shareholders include State Street Corp (1.82%), Penserra Capital Management LLC (0.38%), Ritholtz Wealth Management (0.29%) and Charles Schwab Investment Management Inc. (0.24%). Insiders that own company stock include Leonard M Tannenbaum, Jonathan Gilbert Kalikow, Robyn Tannenbaum and Brett Kaufman.
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.

What other stocks do shareholders of AFC Gamma own?

Based on aggregate information from My MarketBeat watchlists, some other companies that AFC Gamma investors own include Waste Connections (WCN), The RMR Group (RMR), American Water Works (AWK), AUO (AUOTY), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 3/07/2024
• Ex-Dividend for 10/15 Dividend: 9/30/2024
• Dividend Payable: 10/15/2024
• Today: 11/16/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Real estate
• Sub-Industry: Real Estate
• Current Symbol: NASDAQ:AFCG
• CUSIP: N/A
• CIK: 1822523
• Web: www.afcgamma.com
• Phone: 561-510-2390
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $11.00
• High Stock Price Target: $13.00
• Low Stock Price Target: $9.00
• Potential Upside/Downside: +20.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.40
• Trailing P/E Ratio: 22.80
• Forward P/E Ratio: 5.40
• P/E Growth: N/A
• Net Income: $20.95 million
• Net Margins: 13.69%
• Pretax Margin: 24.52%
• Return on Equity: 11.81%
• Return on Assets: 7.97%

Debt

• Debt-to-Equity Ratio: 0.11
• Current Ratio: 4.77
• Quick Ratio: 4.77

Sales & Book Value

• Annual Sales: $51.37 million
• Price / Sales: 3.67
• Cash Flow: $2.00 per share
• Price / Cash Flow: 4.57
• Book Value: $15.65 per share
• Price / Book: 0.58

Miscellaneous

• Outstanding Shares: 20,667,000
• Free Float: 15,252,000
• Market Cap: $188.48 million
• Optionable: Optionable
• Beta: 1.05