AFC Gamma (AFCG) Stock Price, News & Analysis

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AFC Gamma in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street 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.

1 equities research analysts have issued 1-year target prices for AFC Gamma's stock. Their AFCG share price targets range from $10.00 to $25.00. On average, they expect the company's share price to reach $17.50 in the next year. This suggests a possible upside of 53.6% 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 $12.03 at the start of the year. Since then, AFCG stock has decreased by 5.3% and is now trading at $11.39.
View the best growth stocks for 2024 here.

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 daily volume of 125,100 shares, the days-to-cover ratio is presently 5.0 days. Currently, 4.0% of the company's shares are sold short.
View AFC Gamma's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our AFCG earnings forecast.

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.

AFC Gamma, Inc. (NASDAQ:AFCG) released its earnings results on Thursday, March, 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.01. The firm had revenue of $15.97 million for 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 last year, the business earned $0.61 earnings per share.

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 dividend on an annualized basis and a dividend yield of 16.86%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for AFCG.

AFC Gamma (NASDAQ:AFCG) pays an annual dividend of $1.92 per share and currently has a dividend yield of 16.67%. 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.

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

AFC Gamma (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.

AFC Gamma's stock is owned by many different institutional and retail 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.

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.