Catalina Capital Group LLC Invests $253,000 in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Catalina Capital Group LLC bought a new position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 16,438 shares of the company's stock, valued at approximately $253,000. Catalina Capital Group LLC owned 0.08% of Chicago Atlantic Real Estate Finance as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Chicago Atlantic Real Estate Finance during the fourth quarter valued at approximately $119,000. Janus Henderson Group PLC bought a new position in Chicago Atlantic Real Estate Finance in the 3rd quarter worth $160,000. Townsquare Capital LLC bought a new position in Chicago Atlantic Real Estate Finance in the 3rd quarter worth $162,000. HB Wealth Management LLC purchased a new stake in shares of Chicago Atlantic Real Estate Finance in the 4th quarter worth about $191,000. Finally, Martingale Asset Management L P increased its position in shares of Chicago Atlantic Real Estate Finance by 10.4% during the third quarter. Martingale Asset Management L P now owns 18,045 shares of the company's stock valued at $280,000 after buying an additional 1,703 shares during the period. Hedge funds and other institutional investors own 25.48% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on REFI. JMP Securities reaffirmed a "market outperform" rating and set a $20.00 price objective on shares of Chicago Atlantic Real Estate Finance in a research report on Thursday, December 19th. Alliance Global Partners initiated coverage on Chicago Atlantic Real Estate Finance in a research report on Tuesday, December 17th. They set a "buy" rating and a $20.00 price target on the stock.

Chicago Atlantic Real Estate Finance Trading Down 0.3 %

REFI traded down $0.04 during midday trading on Friday, reaching $15.58. The company's stock had a trading volume of 79,796 shares, compared to its average volume of 146,092. Chicago Atlantic Real Estate Finance, Inc. has a 1 year low of $14.82 and a 1 year high of $16.49. The stock's 50-day moving average is $15.68 and its 200-day moving average is $15.66. The firm has a market capitalization of $305.84 million, a price-to-earnings ratio of 7.79 and a beta of 0.23.

Chicago Atlantic Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 12.07%. Chicago Atlantic Real Estate Finance's payout ratio is currently 94.00%.

About Chicago Atlantic Real Estate Finance

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.