AFC Gamma (NASDAQ:AFCG) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of AFC Gamma (NASDAQ:AFCG) from a buy rating to a hold rating in a report published on Saturday morning.

Other equities research analysts have also recently issued research reports about the stock. Zacks Research raised shares of AFC Gamma from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of AFC Gamma in a research note on Friday, July 17th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

AFC Gamma Stock Performance

AFCG stock opened at $3.16 on Friday. AFC Gamma has a 1-year low of $2.06 and a 1-year high of $5.10. The business has a 50-day moving average price of $2.99 and a 200 day moving average price of $2.84. The company has a market capitalization of $74.35 million, a P/E ratio of 16.63 and a beta of 0.91. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.41 and a quick ratio of 1.41.

AFC Gamma (NASDAQ:AFCG) last issued its earnings results on Thursday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. The company had revenue of $6.77 million for the quarter, compared to analysts’ expectations of $8.59 million. AFC Gamma had a net margin of 15.64% and a return on equity of 2.89%. As a group, equities research analysts forecast that AFC Gamma will post 0.78 EPS for the current fiscal year.

AFC Gamma Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.20 dividend on an annualized basis and a yield of 6.3%. AFC Gamma’s dividend payout ratio (DPR) is presently 105.26%.

About AFC Gamma

AFC Gamma, Inc is a specialty finance real estate investment trust that focuses on providing structured financing solutions to companies operating and developing digital infrastructure and life science real estate assets. As a REIT, AFC Gamma seeks to generate attractive risk-adjusted returns through a diversified portfolio of loans, preferred equity and other financing structures that are secured by tangible property collateral or contractual revenue streams.

The company’s primary business activities include originating, acquiring and managing secured loans and equity investments that support wireless and broadband network deployment, data center expansion, and life sciences facility development.