AFCG

AFC Gamma
AFCG

$10.08

0.79%

Market Cap: $208M

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 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

1,173% more call options, than puts

Call options by funds: $2.52M | Put options by funds: $198K

40% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 20

2.03% less ownership

Funds ownership: 29.36% [Q1] → 27.33% (-2.03%) [Q2]

9% less capital invested

Capital invested by funds: $75.4M [Q1] → $68.4M (-$6.96M) [Q2]

12% less funds holding

Funds holding: 84 [Q1] → 74 (-10) [Q2]

56% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 18

See Fund Rankings

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$9

11%

downside

Avg. target

$11

9%

upside

High target

$13

29%

upside

2 analyst ratings

1 positive

50%

1 neutral

50%

0 negative

0%

Jefferies John Hecht 55% 1-year accuracy 6 / 11 met price target	29%upside $13	Buy Maintained	3 Sept 2024
Compass Point Merrill Ross 90% 1-year accuracy 9 / 10 met price target	11%downside $9	Neutral Upgraded	16 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 8 articles about AFCG published over the past 30 days

MarijuanaStocks

September 2024 Watchlist: Leading Cannabis REITs for Investment

The US cannabis industry continues to grow, reaching $32 billion in annual sales in 2023. Experts predict this number will exceed $50 billion by 2028 as more states legalize cannabis. This rapid growth provides ample opportunities for cannabis REITs, which lease properties to licensed operators. Recent headlines, such as Congress debating federal legalization, add further momentum to the market. As legalization efforts progress, REITs are expected to see increased demand for cultivation and retail spaces. Investors looking for steady returns should closely watch the top-performing REITs.

September 2024 Watchlist: Leading Cannabis REITs for Investment

Zacks Investment Research

Should Value Investors Buy AFC Gamma (AFCG) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy AFC Gamma (AFCG) Stock?

AFC Gamma: Spinoff Successful But Smoke Still Clearing

AFC Gamma's Q2 distributable EPS rose to $0.56, enough to maintain the $0.48 dividend. The spinoff of the distressed CRE portfolio to Sunrise Realty Trust simplifies AFCG's focus on the cannabis industry, but book value and dividend yield are impacted. AFCG's new loan deals and opportunities to fund M&A by operators show potential, but meaningful growth of distributable EPS isn't yet clear for this mREIT.

AFC Gamma: Spinoff Successful But Smoke Still Clearing

Zacks Investment Research

Wall Street Analysts Believe AFC Gamma (AFCG) Could Rally 45.24%: Here's is How to Trade

The consensus price target hints at a 45.2% upside potential for AFC Gamma (AFCG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Believe AFC Gamma (AFCG) Could Rally 45.24%: Here's is How to Trade

AFC Gamma Provides a New Senior Secured Credit Facility to Private Company Q and Expands Existing Senior Secured Credit Facilities for BeLeaf Medical and Sunburn Cannabis

WEST PALM BEACH, Fla., Aug. 19, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (Nasdaq:AFCG) (“Advanced Flower Capital” or “AFC”) today announced it has closed a new senior secured credit facility for Private Company Q and expanded its existing senior secured credit facilities for BeLeaf Medical, LLC (“BeLeaf”) and Sunburn Cannabis (“Sunburn”) . These transactions underscore Advanced Flower Capital's commitment to supporting the growth of its borrowers by providing timely, flexible and tailored financing solutions.

AFC Gamma Provides a New Senior Secured Credit Facility to Private Company Q and Expands Existing Senior Secured Credit Facilities for BeLeaf Medical and Sunburn Cannabis

MarijuanaStocks

Top Cannabis REITs to Watch in Mid-August: Maximizing Growth and Dividends

As the U.S. cannabis industry continues its rapid expansion, cannabis-focused REITs (Real Estate Investment Trusts) are becoming essential investment vehicles. The industry is projected to grow significantly, with sales expected to reach $41 billion by 2025. This growth is driven by increasing state-level legalization and a rising number of cannabis operators. Recently, headlines have speculated about potential federal legalization, which could further accelerate the industry's expansion. Investors are now keenly watching cannabis REITs, which provide the critical real estate infrastructure needed for cultivation, processing, and retail operations. These REITs offer a unique opportunity to capitalize on the industry's growth while managing risk through diversified portfolios. Furthermore, many cannabis REITs pay attractive dividends, adding a steady income stream to their growth potential.

Top Cannabis REITs to Watch in Mid-August: Maximizing Growth and Dividends

Zacks Investment Research

Are Investors Undervaluing AFC Gamma (AFCG) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing AFC Gamma (AFCG) Right Now?

Zacks Investment Research

Does AFC Gamma (AFCG) Have the Potential to Rally 56.74% as Wall Street Analysts Expect?

The average of price targets set by Wall Street analysts indicates a potential upside of 56.7% in AFC Gamma (AFCG). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does AFC Gamma (AFCG) Have the Potential to Rally 56.74% as Wall Street Analysts Expect?

MarijuanaStocks

3 Marijuana Stocks For Investors To Watch In 2024

The cannabis industry continues to show why it is one of the fastest-growing sectors. As more people become comfortable with legal cannabis so is the idea of investing. For a long while people were scared to invest in cannabis. Currently, cannabis is still illegal however over half of the USA and several global regions have thriving marijuana businesses. From this people have been lowering their guard and taking more chances and ways to invest.

3 Marijuana Stocks For Investors To Watch In 2024

AFC Gamma, Inc. (AFCG) Q2 2024 Earnings Call Transcript

AFC Gamma, Inc. (NASDAQ:AFCG ) Q2 2024 Earnings Conference Call August 7, 2024 10:00 AM ET Company Participants Gabriel Katz – Chief Legal Officer Daniel Neville – Chief Executive Officer Robyn Tannenbaum – President Brandon Hetzel – Chief Financial Officer Conference Call Participants Pablo Zuanic – Zuanic & Associates Operator Good morning, and welcome to Advanced Flower Capital's Second Quarter 2024 Earnings Call. At this time all participants are in a listen-only mode.

AFC Gamma, Inc. (AFCG) Q2 2024 Earnings Call Transcript

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