S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
NASDAQ:AFCG

AFC Gamma (AFCG) Stock Price, News & Analysis

$12.63
+0.12 (+0.96%)
(As of 03/18/2024 ET)
Today's Range
$12.38
$12.84
50-Day Range
$11.20
$12.51
52-Week Range
$9.91
$14.60
Volume
154,031 shs
Average Volume
120,580 shs
Market Capitalization
$261.02 million
P/E Ratio
12.38
Dividend Yield
15.20%
Price Target
$17.50

AFC Gamma MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
38.6% Upside
$17.50 Price Target
Short Interest
Bearish
4.16% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.14mentions of AFC Gamma in the last 14 days
Based on 5 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.

3.55 out of 5 stars

Finance Sector

401st out of 882 stocks

Real Estate Industry

6th 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 Oct 2024 20.000 put
Urgent new message from Porter Stansberry
I’ve been in the financial markets for close to three decades… Yet, I’ve never seen an opportunity that’s so urgent, so critical, and yet so overlooked than what is unfolding right now. You see, in one corner of the markets a financial anomaly has emerged that promises to be the single most important story of 2024.
Q4 2023 AFC Gamma Inc Earnings Call
Urgent new message from Porter Stansberry
I’ve been in the financial markets for close to three decades… Yet, I’ve never seen an opportunity that’s so urgent, so critical, and yet so overlooked than what is unfolding right now. You see, in one corner of the markets a financial anomaly has emerged that promises to be the single most important story of 2024.
AFC Gamma declares $0.48 dividend
AFC Gamma Q4 2023 Earnings Preview
AFC Gamma's Earnings Outlook
AFCG Feb 2024 10.000 call
Lake Street Keeps Their Buy Rating on AFC Gamma (AFCG)
AFC Gamma Inc (AFCG)
See More Headlines
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Company Calendar

Ex-Dividend for 1/12 Dividend
12/28/2023
Dividend Payable
1/12/2024
Last Earnings
3/07/2024
Today
3/19/2024
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Next Earnings (Estimated)
5/08/2024
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
+38.6%
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
$2.07 per share
Book Value
$15.65 per share

Miscellaneous

Free Float
14,777,000
Market Cap
$261.02 million
Optionable
Optionable
Beta
1.03
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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?

1 Wall Street research 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 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 brokerages have issued 12 month price targets for AFC Gamma's shares. Their AFCG share price targets range from $10.00 to $25.00. On average, they anticipate the company's stock price to reach $17.50 in the next twelve months. This suggests a possible upside of 38.6% 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 stock has increased by 5.0% and is now trading at $12.63.
View the best growth stocks for 2024 here
.

Are investors shorting AFC Gamma?

AFC Gamma saw a increase in short interest in February. As of February 29th, there was short interest totaling 648,300 shares, an increase of 7.0% from the February 14th total of 606,100 shares. Based on an average daily volume of 139,500 shares, the days-to-cover ratio is presently 4.6 days. Currently, 4.2% 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 Wednesday, May 8th 2024.
View our AFCG earnings forecast
.

How were AFC Gamma's earnings last quarter?

AFC Gamma, Inc. (NASDAQ:AFCG) posted 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 business earned $15.97 million during the quarter, compared to analysts' expectations of $18.06 million. AFC Gamma had a trailing twelve-month return on equity of 12.10% and a net margin of 30.38%. During the same quarter last year, the business earned $0.61 earnings per share.

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. Investors of record on Sunday, March 31st will be given 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 15.20%. The ex-dividend date of this dividend 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 15.58%. 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?

(AFCG) raised $120 million in an initial public offering 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 number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (4.32%), Vanguard Group Inc. (4.27%), Wasatch Advisors LP (2.81%), Mirae Asset Global Investments Co. Ltd. (1.25%), Northern Trust Corp (0.71%) and Bridgeway Capital Management LLC (0.55%). 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 3/19/2024 by MarketBeat.com Staff

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