Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
AFC Gamma ( (AFCG) ) has issued an update.
On January 1, 2026, Advanced Flower Capital completed its previously announced conversion from a real estate investment trust to a business development company regulated under the Investment Company Act of 1940, a move formally announced in a January 5, 2026 press release and accompanied by a new investment advisory agreement with AFC Management that will govern management and incentive fees from that date. In connection with the conversion, the company overhauled its governance and operating framework by terminating its prior management agreement without a termination fee, adopting new bylaws and lifting REIT-related ownership restrictions, and entering into new administration, custody, transfer agency and services agreements that collectively formalize its BDC infrastructure, broaden its investment remit beyond real estate-backed loans to a wider universe of operating businesses, and are intended to support AFC’s ability to pursue a deeper pipeline of opportunities and generate attractive risk-adjusted returns for shareholders while maintaining its existing Nasdaq listing under the ticker AFCG.
The most recent analyst rating on (AFCG) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on AFC Gamma stock, see the AFCG Stock Forecast page.
Spark’s Take on AFCG Stock
According to Spark, TipRanks’ AI Analyst, AFCG is a Neutral.
The score is held down primarily by weakened financial performance (TTM losses and negative profitability metrics) and bearish technicals (below major moving averages with negative MACD). Partially offsetting this are still-positive cash generation, and a moderately constructive earnings-call backdrop driven by the planned BDC conversion and diversification—though credit issues and the Q4 dividend suspension remain key risks.
To see Spark’s full report on AFCG stock, click here.
More about AFC Gamma
Advanced Flower Capital Inc. (AFC), based in West Palm Beach, Florida, is a Nasdaq-listed business development company that specializes in originating, structuring, underwriting and managing senior secured and other types of loans, typically ranging from about $10 million to over $100 million, to U.S. middle-market companies operating in the legal cannabis industry, ancillary cannabis businesses such as brand developers and equipment providers, and select borrowers outside the cannabis sector. The company is externally managed by AFC Management LLC and focuses on deploying its management team’s credit and industry expertise to serve borrowers in states where medical and/or adult-use cannabis is legal.
Average Trading Volume: 227,670
Technical Sentiment Signal: Sell
Current Market Cap: $64.39M
Learn more about AFCG stock on TipRanks’ Stock Analysis page.