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T   16.98 (+0.41%)
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NASDAQ:AFCG

AFC Gamma (AFCG) Stock Price, News & Analysis

$11.45
+0.23 (+2.05%)
(As of 01:06 PM ET)
Today's Range
$11.27
$11.49
50-Day Range
$11.20
$13.22
52-Week Range
$9.91
$15.99
Volume
40,658 shs
Average Volume
121,641 shs
Market Capitalization
$234.27 million
P/E Ratio
7.11
Dividend Yield
16.77%
Price Target
$18.80

AFC Gamma MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
64.0% Upside
$18.80 Price Target
Short Interest
Bearish
4.02% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.97mentions of AFC Gamma in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.00%
From $2.00 to $2.04 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.

3.81 out of 5 stars

Finance Sector

360th out of 852 stocks

Real Estate Industry

5th out of 24 stocks


AFCG stock logo

About AFC Gamma Stock (NASDAQ:AFCG)

AFC Gamma, Inc. originates, structures, underwrites, and invests in senior secured loans, and other types of loans and debt securities for established companies operating in the cannabis industry in states that have legalized medical and/or adult use cannabis. 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. AFC Gamma, Inc. 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

AFCG Feb 2024 10.000 call
Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
Lake Street Keeps Their Buy Rating on AFC Gamma (AFCG)
AFC Gamma Inc (AFCG)
AFC Gamma Inc Ordinary Shares
An Unusual Way to Invest in Gold
Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.
AFC Gamma: How Sustainable Is The 16% Dividend Yield?
12 Most Profitable Pot Stocks Now
AFC Gamma Announces Fourth Quarter 2023 Dividend
AFC Gamma Inc Ordinary Shares AFCG
Q3 2023 AFC Gamma Inc Earnings Call
AFC Gamma Insiders Placed Bullish Bets Worth US$2.95m
See More Headlines
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Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 1/12 Dividend
12/28/2023
Dividend Payable
1/12/2024
Today
2/21/2024
Next Earnings (Confirmed)
3/07/2024
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
$18.80
High Stock Price Target
$25.00
Low Stock Price Target
$10.00
Potential Upside/Downside
+67.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$35.93 million
Pretax Margin
46.72%

Debt

Sales & Book Value

Annual Sales
$81.50 million
Cash Flow
$2.33 per share
Book Value
$16.65 per share

Miscellaneous

Free Float
14,627,000
Market Cap
$229.56 million
Optionable
Optionable
Beta
1.05
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Key Executives

  • Mr. Leonard Mark Tannenbaum C.F.A. (Age 53)
    Co-Founder, Partner, Chief Investment Officer & Executive Chairman
  • Ms. Robyn TannenbaumMs. Robyn Tannenbaum (Age 38)
    Co-Founder, Partner & President
    Comp: $123.13k
  • Mr. Daniel Neville (Age 38)
    CEO & Partner
  • Mr. Brandon Hetzel (Age 37)
    CFO & Treasurer
  • Mr. Cody Shue
    Accounting Manager
  • Ms. Lana Ping
    Director of Investor Relations
  • Mr. Gabriel A. Katz (Age 36)
    Chief Legal Officer
  • Mr. James F. Velgot (Age 62)
    Chief Marketing Officer
  • Mr. Ian Kirby
    Chief of Staff














AFCG Stock Analysis - Frequently Asked Questions

Should I buy or sell AFC Gamma stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AFC Gamma in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AFCG shares.
View AFCG analyst ratings
or view top-rated stocks.

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

3 analysts have issued 1 year price objectives for AFC Gamma's shares. Their AFCG share price targets range from $10.00 to $25.00. On average, they expect the company's share price to reach $18.80 in the next year. This suggests a possible upside of 64.0% 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 the year. Since then, AFCG shares have decreased by 4.7% and is now trading at $11.46.
View the best growth stocks for 2024 here
.

Are investors shorting AFC Gamma?

AFC Gamma saw a increase in short interest in January. As of January 31st, there was short interest totaling 625,800 shares, an increase of 8.6% from the January 15th total of 576,300 shares. Based on an average daily volume of 139,500 shares, the short-interest ratio is presently 4.5 days. Currently, 4.0% of the company's stock are short sold.
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, March 7th 2024.
View our AFCG earnings forecast
.

How can I listen to AFC Gamma's earnings call?

AFC Gamma will be holding an earnings conference call on Thursday, March 7th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were AFC Gamma's earnings last quarter?

AFC Gamma, Inc. (NASDAQ:AFCG) released its earnings results on Wednesday, November, 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The company earned $10.62 million during the quarter, compared to analysts' expectations of $10.27 million. AFC Gamma had a trailing twelve-month return on equity of 15.02% and a net margin of 44.46%.

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

AFC Gamma declared a quarterly dividend on Friday, December 15th. Stockholders of record on Sunday, December 31st will be given a dividend of $0.48 per share on Friday, January 12th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 16.75%. The ex-dividend date of this dividend is Thursday, December 28th.
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 16.40%. AFCG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 119.25%. 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 94.12% 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?

(AFCG) raised $120 million in an 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 acted 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 investors include Vanguard Group Inc. (4.32%), Wasatch Advisors LP (2.81%), Mirae Asset Global Investments Co. Ltd. (1.25%), Northern Trust Corp (0.71%), Bridgeway Capital Management LLC (0.55%) and Los Angeles Capital Management LLC (0.42%). Insiders that own company stock include Brett Kaufman, Jodi Hanson Bond, 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 2/21/2024 by MarketBeat.com Staff