Barclays PLC raised its stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Free Report) by 271.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,143 shares of the company's stock after acquiring an additional 16,189 shares during the quarter. Barclays PLC owned about 0.11% of Chicago Atlantic Real Estate Finance worth $343,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp grew its position in shares of Chicago Atlantic Real Estate Finance by 15.1% during the 3rd quarter. State Street Corp now owns 400,790 shares of the company's stock worth $6,403,000 after buying an additional 52,497 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Chicago Atlantic Real Estate Finance during the 3rd quarter worth approximately $160,000. Martingale Asset Management L P grew its position in shares of Chicago Atlantic Real Estate Finance by 10.4% during the 3rd quarter. Martingale Asset Management L P now owns 18,045 shares of the company's stock worth $280,000 after buying an additional 1,703 shares during the period. Townsquare Capital LLC acquired a new stake in shares of Chicago Atlantic Real Estate Finance during the 3rd quarter worth approximately $162,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Chicago Atlantic Real Estate Finance by 6.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 21,684 shares of the company's stock worth $336,000 after buying an additional 1,349 shares during the period. Institutional investors and hedge funds own 25.48% of the company's stock.
Chicago Atlantic Real Estate Finance Stock Up 0.6 %
Chicago Atlantic Real Estate Finance stock traded up $0.10 during midday trading on Monday, hitting $15.66. 201,298 shares of the stock were exchanged, compared to its average volume of 131,460. The company has a fifty day simple moving average of $15.83 and a two-hundred day simple moving average of $15.69. Chicago Atlantic Real Estate Finance, Inc. has a 52 week low of $14.82 and a 52 week high of $16.49. The stock has a market capitalization of $307.41 million, a PE ratio of 7.83 and a beta of 0.23.
Chicago Atlantic Real Estate Finance Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 12.01%. The ex-dividend date of this dividend was Tuesday, December 31st. Chicago Atlantic Real Estate Finance's payout ratio is currently 94.00%.
Analysts Set New Price Targets
REFI has been the topic of several recent analyst reports. JMP Securities reissued a "market outperform" rating and set a $20.00 price objective on shares of Chicago Atlantic Real Estate Finance in a research note on Thursday, December 19th. Alliance Global Partners initiated coverage on shares of Chicago Atlantic Real Estate Finance in a research note on Tuesday, December 17th. They set a "buy" rating and a $20.00 price objective on the stock.
Get Our Latest Research Report on Chicago Atlantic Real Estate Finance
Insider Buying and Selling at Chicago Atlantic Real Estate Finance
In related news, insider John Mazarakis purchased 2,779 shares of the business's stock in a transaction on Friday, November 8th. The shares were purchased at an average price of $15.82 per share, with a total value of $43,963.78. Following the completion of the purchase, the insider now owns 372,709 shares in the company, valued at $5,896,256.38. This represents a 0.75 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 12.30% of the company's stock.
About Chicago Atlantic Real Estate Finance
(
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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