AFC Gamma Inc. (NASDAQ:AFCG) Receives $6.83 Average PT from Analysts

Key Points

• AFC Gamma Inc. has received an average consensus rating of "Hold" from five brokerage firms, with four recommending a hold and one suggesting a strong buy.
• The company's shares traded down 5.7% on the last trading day, closing at $4.14, significantly below its 50-day and 200-day moving averages.
• AFC Gamma recently cut its dividend to $0.15 per share, yielding 14.5% annually, with a payout ratio of 60.61%.

AFC Gamma Inc. (NASDAQ:AFCG - Get Free Report) has been given an average recommendation of "Moderate Buy" by the four analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $5.75.

Separately, Alliance Global Partners cut shares of AFC Gamma from a "buy" rating to a "hold" rating and set a $4.50 price objective on the stock. in a research report on Friday, August 15th.

AFC Gamma Stock Down 2.4%

AFCG traded down $0.09 during trading on Friday, hitting $3.61. The company had a trading volume of 314,974 shares, compared to its average volume of 206,541. The company has a market capitalization of $81.57 million, a PE ratio of -8.80 and a beta of 1.07. AFC Gamma has a one year low of $3.60 and a one year high of $10.88. The firm's 50-day moving average price is $4.58 and its 200 day moving average price is $5.73. The company has a quick ratio of 3.31, a current ratio of 3.13 and a debt-to-equity ratio of 0.06.

AFC Gamma Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 16.6%. The ex-dividend date of this dividend was Monday, June 30th. AFC Gamma's payout ratio is currently -146.34%.

AFC Gamma Company Profile

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.