AFCG

AFC Gamma
AFCG

$9.20

0.33%

Market Cap: 190M

About: AFC Gamma Inc is a commercial real estate finance company. The company originates, structures, underwrites, and manages senior secured loans and other types of loans for established cannabis industry operators in states that have legalized medicinal and/or adult-use cannabis.

Real Estate Real Estate

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

0

News positive %

of 6 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

531% more call options, than puts

Call options by funds: $2.3M | Put options by funds: $365K

13% more capital invested

Capital invested by funds: $66.2M [Q4 2023] → $74.8M (+$8.59M) [Q1 2024]

2.3% more ownership

Funds ownership: 26.83% [Q4 2023] → 29.14% (+2.3%) [Q1 2024]

2% less funds holding

Funds holding: 86 [Q4 2023] → 84 (-2) [Q1 2024]

11% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 27

15% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 13

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Research analyst outlook

1 Wall Street Analyst provided 1 year price forecasts over the past 6 months

Low target

$10

9%

upside

Avg. target

$10

9%

upside

High target

$10

9%

upside

1 analyst rating

0 positive

0%

0 neutral

0%

1 negative

100%

Compass Point

Merrill Ross

9%upside

$10

Sell

Downgraded

28 May 2024

See Analyst Rankings

Financial journalist opinion

Based on 6 articles about AFCG published over the past 30 days

Zacks Investment Research

AFC Gamma (AFCG) Soars 5.4%: Is Further Upside Left in the Stock?

AFC Gamma (AFCG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

AFC Gamma (AFCG) Soars 5.4%: Is Further Upside Left in the Stock?

AFC Gamma, Inc. Schedules Second Quarter 2024 Earnings Conference Call for August 7, 2024

WEST PALM BEACH, Fla., July 15, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (Nasdaq: AFCG) (“Advanced Flower Capital” or “AFC”) today announced that it plans to report earnings for the quarter ended June 30, 2024 on Wednesday, August 7, 2024.

AFC Gamma, Inc. Schedules Second Quarter 2024 Earnings Conference Call for August 7, 2024

MarijuanaStocks

3 Marijuana Stocks For Investors To Know About This Month

Marijuana stocks are showing another drop in trading but this could be time to take advantage. The current state of the cannabis industry is in a progressive place. With more support for reform and better regulations, more people want to invest. More companies are working to build bridges through strategic partnerships to meet consumer demand.

3 Marijuana Stocks For Investors To Know About This Month

U.S. equity markets were little changed this week, while long-term benchmark interest rates surged as investors assessed the political and economic fallout from a disastrous debate performance by President Biden. Beneath the political drama, investors parsed corporate commentary and economic data that pointed towards a further slowdown in U.S. consumer spending, while inflation data showed a continued moderation in price pressures. Declining for just the second week in the past ten, the S&P 500 posted fractional declines on the week, but nevertheless held on to impressive first-half total returns of over 15%.

Debate Debacle

The 3 Smartest Cannabis Stocks to Buy With Your Money Right Now

The cannabis industry has been attracting considerable interest lately, thanks to several regulatory developments in various regions around the globe. Countries like Germany and Canada have legalized cannabis use and sale, and most recently, the United States government announced plans to reclassify the plant from a Schedule I to a Schedule III drug.

The 3 Smartest Cannabis Stocks to Buy With Your Money Right Now

AFC Gamma Announces Record Date and Special Dividend for Spin-Off of Commercial Real Estate Portfolio

Record Date for Distribution of Sunrise Realty Trust to be July 8, 2024 Distribution Date Expected to be July 9, 2024 Board of Directors Declares $0.15 per Share Spin-Off Special Dividend

AFC Gamma Announces Record Date and Special Dividend for Spin-Off of Commercial Real Estate Portfolio

7 Cannabis Stocks to Buy Now: June 2024

Cannabis may be controversial. But it's also proving to be one of the most profitable, with some of the top cannabis stocks to buy now.

7 Cannabis Stocks to Buy Now: June 2024

Could Cannabis REITs Begin Growing Like A Weed?

More states are legalizing cannabis. Conflicting federal and state laws are providing an opportunity for real estate investment trusts. REITs are stepping in to provide capital to the cannabis industry, including Innovative Industrial Properties, NewLake Capital Partners, and Chicago Atlantic Real Estate Finance.

Could Cannabis REITs Begin Growing Like A Weed?

MarijuanaStocks

Top Cannabis REITs for Long-Term Growth and High Dividends

Investing in cannabis Real Estate Investment Trusts (REITs) offers a lucrative opportunity as the US cannabis industry and top marijuana stocks thrive. The industry is projected to grow from $20 billion in 2020 to $100 billion by 2030. This impressive growth presents a compelling case for long-term investment in high dividend-yielding stocks. Cannabis REITs like Innovative Industrial Properties, Inc. (IIPR), NewLake Capital Partners, Inc. (NLCP), and AFC Gamma, Inc. (AFCG) are at the forefront, providing robust dividends and growth potential. Furthermore, recent headlines hint at possible federal legalization, which could significantly boost the sector's prospects. With the increasing acceptance and legalization of cannabis across states, these REITs are well-positioned for substantial returns.

Top Cannabis REITs for Long-Term Growth and High Dividends

AFC Gamma Successfully Exits $84.0 Million Loan to Subsidiary of Public Company H

WEST PALM BEACH, Fla., June 04, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced that it has successfully exited its $84.0 million loan to Subsidiary of Public Company H. This was AFC Gamma's largest loan in its portfolio and during our last earnings call, we noted that the borrower failed to make its April interest payment in May. Through active portfolio management, AFC Gamma is pleased to announce that it has sold the loan to a third-party at par plus accrued, which generated a 19.9% internal rate of return (“IRR”) over the life of the loan.

AFC Gamma Successfully Exits $84.0 Million Loan to Subsidiary of Public Company H

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