AFC Gamma, Inc. (AFCG)

NASDAQ: AFCG · IEX Real-Time Price · USD
11.29
+0.09 (0.80%)
Feb 27, 2024, 11:18 AM EST - Market open
0.80%
Market Cap 228.93M
Revenue (ttm) 67.91M
Net Income (ttm) 33.08M
Shares Out 20.46M
EPS (ttm) 1.59
PE Ratio 7.08
Forward PE 5.36
Dividend $1.92 (17.01%)
Ex-Dividend Date Dec 28, 2023
Volume 15,165
Open 11.26
Previous Close 11.20
Day's Range 11.23 - 11.32
52-Week Range 9.91 - 15.99
Beta 1.10
Analysts Buy
Price Target 16.25 (+43.93%)
Earnings Date Mar 7, 2024

About 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 taxe... [Read more]

Sector Real Estate
IPO Date Mar 19, 2021
Country United States
Stock Exchange NASDAQ
Ticker Symbol AFCG
Full Company Profile

Financial Performance

In 2022, AFC Gamma's revenue was $74.68 million, an increase of 101.78% compared to the previous year's $37.01 million. Earnings were $35.93 million, an increase of 71.10%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for AFCG stock is "Buy." The 12-month stock price forecast is $16.25, which is an increase of 43.93% from the latest price.

Price Target
$16.25
(43.93% upside)
Analyst Consensus: Buy
Stock Forecasts

News

AFC Gamma to Separate Commercial Real Estate Lending Business into Independent Public Company

WEST PALM BEACH, Fla., Feb. 22, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced that its Board of Directors has unanimously approved a plan to spin-off its commerc...

4 days ago - GlobeNewsWire

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18 days ago - MarijuanaStocks

AFC Gamma Closes Two Syndicated Commercial Real Estate Loans

Commercial Real Estate Transactions Totaling $56.4 million during January 2024 Commercial Real Estate Transactions Totaling $56.4 million during January 2024

19 days ago - GlobeNewsWire

AFC Gamma, Inc. Schedules Fourth Quarter and Annual 2023 Earnings Conference Call for March 7, 2024

WEST PALM BEACH, Fla., Jan. 31, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced that it plans to report earnings for the quarter and fiscal year ended December 31,...

26 days ago - GlobeNewsWire

Cannabis Investing: 3 Top Marijuana Stocks For 2024

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AFC Gamma Announces Fourth Quarter 2023 Dividend

Declares $0.48 dividend per share for the quarter ending December 31, 2023 Declares $0.48 dividend per share for the quarter ending December 31, 2023

2 months ago - GlobeNewsWire

Cannabis Investing Today: 3 Top Marijuana Stocks For Your Watchlist

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The United States cannabis industry and top marijuana stocks are experiencing an unprecedented boom, leading to lucrative opportunities for long-term investors. In general, Cannabis Real Estate Invest...

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3 months ago - MarijuanaStocks

AFC Gamma, Inc. Announces Financial Results for Third Quarter 2023

Third quarter GAAP net income of $8.0 million or $0.39 per basic weighted average common share and  Distributable Earnings ( 1) of $9.9 million or $0.49 per basic weighted average common share

3 months ago - GlobeNewsWire

Are These Marijuana Stocks A Buy Or Sell 2024?

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AFC Gamma, Inc. Announces Appointment of Daniel Neville as New Chief Executive Officer

Brings Extensive Operational Experience and Deep Cannabis Knowledge Leonard Tannenbaum to Transition to Role of Chief Investment Officer WEST PALM BEACH, Fla., Oct. 30, 2023 (GLOBE NEWSWIRE) -- AFC Ga...

4 months ago - GlobeNewsWire

3 Marijuana Stock For Cannabis Real Estate Investing

As the cannabis industry continues to grow more people are looking for ways to invest. Over the last several years legal cannabis has taken off in a major way. Almost the entire United States has esta...

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AFC Gamma, Inc. Schedules Third Quarter 2023 Earnings Conference Call for November 8, 2023

WEST PALM BEACH, Fla., Oct. 18, 2023 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced that it plans to report earnings for the quarter ended September 30, 2023 on Wednes...

4 months ago - GlobeNewsWire

Top Cannabis REITs: Secure Your Long-Term Portfolio with Dividends for October 2023

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AFC Gamma Announces Third Quarter Dividend

Declares $0.48 dividend per share for the quarter ending September 30, 2023 Declares $0.48 dividend per share for the quarter ending September 30, 2023

5 months ago - GlobeNewsWire

Top Cannabis REITs: September 2023's Standout Performers

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Cannabis REIT Spotlight: Top Picks for September 2023 Investment

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