NASDAQ:AFCG

AFC Gamma (AFCG) Stock Price, News & Analysis

$11.84
+0.19 (+1.63%)
(As of 04/22/2024 ET)
Today's Range
$11.68
$11.98
50-Day Range
$11.20
$13.11
52-Week Range
$9.91
$14.60
Volume
74,955 shs
Average Volume
125,396 shs
Market Capitalization
$244.70 million
P/E Ratio
11.61
Dividend Yield
16.22%
Price Target
$17.50

AFC Gamma MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
47.8% Upside
$17.50 Price Target
Short Interest
Bearish
3.98% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.35mentions of AFC Gamma in the last 14 days
Based on 4 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.

3.22 out of 5 stars

Finance Sector

467th out of 852 stocks

Real Estate Industry

6th out of 22 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

Insider Stock Buying Reaches US$2.26m On AFC Gamma
AFC Gamma, Inc. (NASDAQ:AFCG) Short Interest Up 5.6% in March
[Shocking] Elon Musk’s Plan To End Banks
Leaked Elon Musk call reveals shocking plan to replace banks. As Musk's plan rolls out, industry experts predict it could spark a wave of mass crypto adoption. Triggering a new crypto bull run. While helping drive a booming crypto asset class up from $2.5-billion to $16-trillion (a 6,400x increase) by 2030.
Dank Dividends: 3 Cannabis REITs Offering High Yields
The 3 Best Cannabis Stocks to Buy in April 2024
AFCG Oct 2024 20.000 put
[Shocking] Elon Musk’s Plan To End Banks
Leaked Elon Musk call reveals shocking plan to replace banks. As Musk's plan rolls out, industry experts predict it could spark a wave of mass crypto adoption. Triggering a new crypto bull run. While helping drive a booming crypto asset class up from $2.5-billion to $16-trillion (a 6,400x increase) by 2030.
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
4/22/2024
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
+47.8%
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
$54.32 million
Cash Flow
$2.06 per share
Book Value
$15.65 per share

Miscellaneous

Free Float
14,777,000
Market Cap
$244.70 million
Optionable
Optionable
Beta
1.05
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AFCG Stock Analysis - Frequently Asked Questions

Should I buy or sell AFC Gamma stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AFC Gamma in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street 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 equities research analysts have issued twelve-month price objectives for AFC Gamma's stock. Their AFCG share price targets range from $10.00 to $25.00. On average, they predict the company's stock price to reach $17.50 in the next year. This suggests a possible upside of 47.8% 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 start of the year. Since then, AFCG stock has decreased by 1.6% and is now trading at $11.84.
View the best growth stocks for 2024 here
.

Are investors shorting AFC Gamma?

AFC Gamma saw a increase in short interest during the month of 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 trading volume of 125,100 shares, the short-interest ratio is presently 5.0 days. Approximately 4.0% of the shares of the 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 can I listen to AFC Gamma's earnings call?

AFC Gamma will be holding an earnings conference call on Thursday, May 9th 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 Thursday, March, 7th. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.01. The company earned $15.97 million during the quarter, compared to analyst estimates of $18.06 million. AFC Gamma had a net margin of 30.38% and a trailing twelve-month return on equity of 12.10%. During the same period in the prior year, the company earned $0.61 EPS.

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

AFC Gamma declared a quarterly dividend on Monday, March 4th. Stockholders 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 annualized dividend and a yield of 16.22%. The ex-dividend date 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 16.86%. 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 (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 many different retail and institutional investors. Top institutional shareholders include Wasatch Advisors LP (3.10%) and Allspring Global Investments Holdings LLC (0.08%). 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 4/22/2024 by MarketBeat.com Staff

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