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.
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.
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.
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.
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.
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 Earnings and Revenues Surpass Estimates
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) 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.
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.
Debate Debacle
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%.
