AFC Gamma (AFCG) Stock Price, News & Analysis

1 Wall Street equities 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 equities 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.

1 equities research analysts have issued 1 year price targets for AFC Gamma's shares. Their AFCG share price targets range from $10.00 to $25.00. On average, they predict the company's share price to reach $17.50 in the next year. This suggests a possible upside of 50.2% from the stock's current price.
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AFC Gamma's stock was trading at $12.03 at the beginning of the year. Since then, AFCG shares have decreased by 3.2% and is now trading at $11.65.
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AFC Gamma saw a increase in short interest in 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 trading volume, of 125,100 shares, the short-interest ratio is currently 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 quarterly earnings data on Thursday, March, 7th. The company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.01. The company earned $15.97 million during the quarter, compared to the consensus estimate 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 firm posted $0.61 EPS.

AFC Gamma declared a quarterly dividend on Monday, March 4th. Investors 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 yield of 16.48%. The ex-dividend date 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 16.92%. 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 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 acted as the underwriters for the IPO and Lake Street was co-manager.

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.
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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.
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