JMP Securities analyst Aaron Hecht maintained a Hold rating on AFC Gamma (AFCG – Research Report) today. The company’s shares closed yesterday at $12.27.
According to TipRanks, Hecht is a 3-star analyst with an average return of 2.8% and a 53.61% success rate. Hecht covers the Real Estate sector, focusing on stocks such as Sun Communities, LTC Properties, and Sabra Healthcare REIT.
Currently, the analyst consensus on AFC Gamma is a Moderate Buy with an average price target of $16.50.
Based on AFC Gamma’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $15.97 million and a GAAP net loss of $9.19 million. In comparison, last year the company earned a revenue of $19.7 million and had a net profit of $2.94 million
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AFC Gamma (AFCG) Company Description:
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.
Read More on AFCG:
- AFC Gamma, Inc. Announces Financial Results for First Quarter 2024
- AFC Gamma reports Q1 distributable EPS 49c, consensus 51c
- AFC Gamma, Inc. Schedules First Quarter 2024 Earnings Conference Call for May 9, 2024
- AFC Gamma Provides Sunburn Cannabis with a Total of $34.0 Million Across Senior Secured Credit Facilities
- AFC Gamma provides Sunburn Cannabis with $34M across credit facilities
