AFC Gamma - AFCG Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AFC Gamma in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AFCG shares.
View AFCG analyst ratings or view top-rated stocks.

3 Wall Street analysts have issued 12 month price targets for AFC Gamma's shares. Their AFCG share price forecasts range from $17.00 to $22.00. On average, they anticipate the company's stock price to reach $19.70 in the next year. This suggests a possible upside of 63.9% from the stock's current price.
View analysts price targets for AFCG or view top-rated stocks among Wall Street analysts.

AFC Gamma's stock was trading at $15.73 at the beginning of 2023. Since then, AFCG shares have decreased by 23.6% and is now trading at $12.02.
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AFC Gamma saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 399,600 shares, an increase of 33.8% from the February 13th total of 298,600 shares. Based on an average daily volume of 146,100 shares, the short-interest ratio is currently 2.7 days. Approximately 2.5% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
View our AFCG earnings forecast.

AFC Gamma, Inc. (NASDAQ:AFCG) announced its quarterly earnings results on Tuesday, March, 7th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.56 by $0.05. The firm earned $21.43 million during the quarter, compared to the consensus estimate of $18.40 million. AFC Gamma had a trailing twelve-month return on equity of 16.84% and a net margin of 44.09%.

AFC Gamma announced a quarterly dividend on Thursday, March 2nd. Stockholders of record on Friday, March 31st will be paid a dividend of $0.56 per share on Friday, April 14th. This represents a $2.24 dividend on an annualized basis and a yield of 18.64%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for AFCG.

ETFs with the largest weight of AFC Gamma (NASDAQ:AFCG) stock in their portfolio include ETFMG U.S. Alternative Harvest ETF (MJUS), AXS Cannabis ETF (THCX), Global X Cannabis ETF (POTX), Amplify Seymour Cannabis ETF (CNBS), ETFMG Alternative Harvest ETF (MJ), AdvisorShares Pure Cannabis ETF (YOLO), Cambria Cannabis ETF (TOKE) and Hoya Capital High Dividend Yield ETF (RIET).

AFC Gamma (NASDAQ:AFCG) pays an annual dividend of $2.24 per share and currently has a dividend yield of 18.17%. AFCG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 124.44%. 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 95.32% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for AFCG.

(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.

AFC Gamma trades on the NASDAQ under the ticker symbol "AFCG."

AFC Gamma's stock is owned by a number of institutional and retail investors. Top institutional investors include HighTower Advisors LLC (1.67%), Mirae Asset Global Investments Co. Ltd. (0.81%), Penserra Capital Management LLC (0.56%), Renaissance Technologies LLC (0.51%), Morgan Stanley (0.44%) and Vident Investment Advisory LLC (0.24%). Insiders that own company stock include Brett Kaufman, Jodi Hanson Bond, Jonathan Gilbert Kalikow, Leonard M Tannenbaum and Robyn Tannenbaum.
View institutional ownership trends.

Shares of AFCG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AFCG stock can currently be purchased for approximately $12.02.

AFC Gamma (NASDAQ:AFCG) has a market capitalization of $246.28 million and generates $71.54 million in revenue each year. The company earns $35.93 million in net income (profit) each year or $1.80 on an earnings per share basis.

AFC Gamma's mailing address is 525 OKEECHOBEE BLVD. SUITE 1770, WEST PALM BEACH FL, 33401. The official website for the company is www.afcgamma.com. The company can be reached via phone at 561-510-2390 or via email at ir@advancedflowercapital.com.