AFC Gamma (AFCG)

by | Jun 17, 2024 | Daily Trade Alerts

One of the best ways to protect your portfolio is with a high-yielding stock, most notably a yielding real estate investment trust (REIT).

Especially if it’s seeing respectable insider buying.

Look at AFC Gamma (AFCG), for example. A cannabis REIT, it’s already seeing elevated interest because of growing interest in cannabis and the potential for further legalization around the world, and in states like Florida. With a yield of nearly 15.5%, the AFCG REIT has been trending higher since bottoming out around $11.40 in late May.

Even better, Leonard M. Tannenbaum, the company’s founder and executive chairman, paid $1.1 million between June 5 and 6 for 88,835 shares for an average price of $12.01.

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