Profile
Sector:
Real EstateIndustry:
MortgageCountry:
United StatesIPO:
19 March 2021Website:
http://advancedflowercapital.comNext earnings report:
13 November 2024Last dividends:
30 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:57:45 GMTAnalysts recommendations
Institutional Ownership
AFCG Latest News
WEST PALM BEACH, Fla., Sept. 13, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (Nasdaq:AFCG) (“AFC”) today announced its dividend for the quarter ending September 30, 2024.
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.
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.
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.
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) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.49 per share a year ago.
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.
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.
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.
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%.
What type of business is AFC Gamma?
Advanced Flower Capital Inc. originates, structures, underwrites, and invests in senior secured loans, and other various commercial real estate loans and debt securities for established companies operating in the cannabis industry. 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. The company has elected and qualified to be taxed as a real estate investment trust for the United States federal income tax purposes under the Internal Revenue Code of 1986. The company was formerly known as AFC Gamma, Inc. and changed its name to Advanced Flower Capital Inc. in October 2024. Advanced Flower Capital Inc. was incorporated in 2020 and is based in West Palm Beach, Florida.
What sector is AFC Gamma in?
AFC Gamma is in the Real Estate sector
What industry is AFC Gamma in?
AFC Gamma is in the Mortgage industry
What country is AFC Gamma from?
AFC Gamma is headquartered in United States
When did AFC Gamma go public?
AFC Gamma initial public offering (IPO) was on 19 March 2021
What is AFC Gamma website?
https://advancedflowercapital.com
Is AFC Gamma in the S&P 500?
No, AFC Gamma is not included in the S&P 500 index
Is AFC Gamma in the NASDAQ 100?
No, AFC Gamma is not included in the NASDAQ 100 index
Is AFC Gamma in the Dow Jones?
No, AFC Gamma is not included in the Dow Jones index
When was AFC Gamma the previous earnings report?
No data
When does AFC Gamma earnings report?
The next expected earnings date for AFC Gamma is 13 November 2024