AFC Gamma, Inc. [AFCG] Stock Forecast

Cannabis stocks could see higher highs with several key catalysts. For one, just last year, President Biden lit a massive fuse for the cannabis industry.

Some investors (like me) may be wondering if it's time to cut their losses and focus on safer sectors, or perhaps wait it out for sunnier days ahead. To better that question, we decided to provide an update on all of the primary players among cannabis REITs: IIPR, NLCP, AFCG, and REFI.

Mortgage REITs have been slammed by the fallout of the ongoing regional banking crisis amid a resurgence of interest rate volatility and credit concerns, erasing their once-robust gains for 2023. Commercial mREITs' exposure to the troubled office sector has come into focus following a wave of mega-sized loan defaults from over-levered private owners. We examine these REITs' sector-by-sector exposure.

U.S. equity markets tumbled this week after the sudden collapse of a pair of technology-focused banks sparked concerns over financial stability and overshadowed a generally solid slate of employment data. Effectively erasing all of its gains for the year and posting its worst week since September 2022, the S&P 500 dipped 4.5% while the Mid-Cap and Small-Cap benchmarks plunged 7%.

With market uncertainty weighing on investor sentiment, market participants may want to concentrate on high-potential real estate investment trusts or REITs to buy. Primarily, this financial vehicle attracts buyers due to their typically strong yields.

The following slide deck was published by AFC Gamma, Inc. in conjunction with their 2023 Q4 earnings call.

AFC Gamma, Inc. (NASDAQ:AFCG ) Q4 2022 Earnings Conference Call March 7, 2023 10:00 AM ET Company Participants Gabe Katz - Chief Legal Officer Leonard Tannenbaum - Chief Executive Officer Jonathan Kalikow - Head, Real Estate Robyn Tannenbaum - President Brett Kaufman - Chief Financial Officer Conference Call Participants Gaurav Mehta - Hutton Group Michael Elias - Cowen Operator Good day and thank you for standing by. Welcome to the AFC Gamma Fourth Quarter 2022 Earnings Call.

AFC Gamma Inc. AFCG, -0.71% shares rose 3.8% in premarket trades after the debt provider to cannabis companies posted better-than-expected distributable earnings. AFC Gamma said its fourth-quarter net income fell to $2.94 million, or 14 cents a share, from $7 million, or 43 cents a share, in the year-ago quarter.

Are These REITs On Your Pot Stocks Watchlist? The post Top Cannabis Stocks With Dividends? 3 Marijuana REITs On Watch appeared first on Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.™.

WEST PALM BEACH, Fla., Feb. 23, 2023 (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, 2022 on Tuesday, March 7, 2023.

AFC Gamma, Inc. is a US stock , located in West palm beach of Fl and trading under the symbol AFCG

2 stock analysts have 2 predictions with a medium analyst target price of $21.25. The lowest prediction is $17.5 and the highest is $25

AFC Gamma, Inc. stock price is $12.05 today.

Yes, AFC Gamma, Inc. is a publicly traded company.