Savant Capital LLC purchased a new position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,712 shares of the company's stock, valued at approximately $319,000. Savant Capital LLC owned about 0.11% of Chicago Atlantic Real Estate Finance as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of REFI. SG Americas Securities LLC bought a new stake in Chicago Atlantic Real Estate Finance in the fourth quarter worth $119,000. Janus Henderson Group PLC bought a new stake in Chicago Atlantic Real Estate Finance in the third quarter worth $160,000. Townsquare Capital LLC bought a new stake in Chicago Atlantic Real Estate Finance in the third quarter worth $162,000. Bleakley Financial Group LLC bought a new stake in Chicago Atlantic Real Estate Finance in the fourth quarter worth $164,000. Finally, HB Wealth Management LLC bought a new stake in Chicago Atlantic Real Estate Finance in the fourth quarter worth $191,000. 25.48% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research firms have weighed in on REFI. JMP Securities reiterated a "market outperform" rating and issued a $20.00 target price on shares of Chicago Atlantic Real Estate Finance in a research note on Thursday, December 19th. Alliance Global Partners began coverage on Chicago Atlantic Real Estate Finance in a research note on Tuesday, December 17th. They issued a "buy" rating and a $20.00 target price on the stock.
Read Our Latest Research Report on Chicago Atlantic Real Estate Finance
Chicago Atlantic Real Estate Finance Stock Performance
REFI stock traded down $0.45 during midday trading on Friday, reaching $15.55. The company's stock had a trading volume of 1,057,592 shares, compared to its average volume of 165,956. The stock has a fifty day simple moving average of $15.62 and a two-hundred day simple moving average of $15.66. Chicago Atlantic Real Estate Finance, Inc. has a 1 year low of $14.82 and a 1 year high of $16.49. The firm has a market capitalization of $305.25 million, a price-to-earnings ratio of 7.78 and a beta of 0.23.
Chicago Atlantic Real Estate Finance Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 12.09%. Chicago Atlantic Real Estate Finance's payout ratio is 94.00%.
Chicago Atlantic Real Estate Finance Profile
(
Free Report)
Chicago Atlantic Real Estate Finance, Inc operates as a commercial real estate finance company in the United States. The company engages in originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its portfolio primarily includes offers senior loans to state-licensed operators in the cannabis industry.
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