Wall Street Zen Downgrades AFC Gamma (NASDAQ:AFCG) to Hold

AFC Gamma (NASDAQ:AFCG) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts have also recently issued reports on AFCG. Zacks Research upgraded AFC Gamma from a “strong sell” rating to a “hold” rating in a 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

AFC Gamma Stock Performance

Shares of AFCG 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 company’s 50 day simple moving average is $2.99 and its 200 day simple moving average is $2.85. The company has a market capitalization of $71.64 million, a price-to-earnings ratio of 16.63 and a beta of 0.91. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.34 and a current ratio of 1.34.

AFC Gamma (NASDAQ:AFCG) last released its earnings results on Thursday, August 13th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The firm had revenue of $6.77 million during 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 2.85%. On average, sell-side analysts predict that AFC Gamma will post 0.78 EPS for the current year.

AFC Gamma Company Profile

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.