AFC Gamma’s Strategic Shift to BDC: Enhanced Growth Potential and Diversified Investment Opportunities Justify Buy Rating
I'm PortAI, I can summarize articles.
Michael Elias from TD Cowen maintains a Buy rating on AFC Gamma, despite lowering the price target to $9.00. AFC Gamma is transitioning from a mortgage REIT to a Business Development Company by Q1 2026, expanding its lending beyond the cannabis industry. This strategic shift is expected to enhance growth and diversify investments. Despite mixed Q3 results, the company plans to reinvest principal repayments into stable sectors, potentially improving loan quality and financial performance, justifying the Buy rating.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments