Fielder Capital Group LLC lifted its position in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Free Report) by 8.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 674,286 shares of the company's stock after acquiring an additional 54,605 shares during the period. Chicago Atlantic Real Estate Finance accounts for 3.2% of Fielder Capital Group LLC's portfolio, making the stock its 7th biggest holding. Fielder Capital Group LLC owned about 3.43% of Chicago Atlantic Real Estate Finance worth $10,397,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of REFI. The Manufacturers Life Insurance Company boosted its position in 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 acquiring an additional 1,349 shares during the period. Martingale Asset Management L P lifted its holdings in Chicago Atlantic Real Estate Finance by 10.4% in the third quarter. Martingale Asset Management L P now owns 18,045 shares of the company's stock worth $280,000 after purchasing an additional 1,703 shares during the period. SG Americas Securities LLC bought a new position in Chicago Atlantic Real Estate Finance in the 4th quarter valued at about $119,000. Janus Henderson Group PLC bought a new position in Chicago Atlantic Real Estate Finance in the 3rd quarter valued at about $160,000. Finally, Townsquare Capital LLC acquired a new position in Chicago Atlantic Real Estate Finance during the 3rd quarter valued at about $162,000. Institutional investors and hedge funds own 25.48% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Alliance Global Partners began coverage on shares of Chicago Atlantic Real Estate Finance in a research note on Tuesday, December 17th. They issued a "buy" rating and a $20.00 price target for the company. JMP Securities restated a "market outperform" rating and issued a $20.00 target price on shares of Chicago Atlantic Real Estate Finance in a research report on Thursday, December 19th.
Get Our Latest Analysis on Chicago Atlantic Real Estate Finance
Chicago Atlantic Real Estate Finance Trading Down 1.2 %
REFI stock traded down $0.19 during trading hours on Tuesday, hitting $16.05. 150,151 shares of the stock traded hands, compared to its average volume of 104,423. The stock has a 50-day simple moving average of $15.64 and a 200 day simple moving average of $15.70. Chicago Atlantic Real Estate Finance, Inc. has a one year low of $14.82 and a one year high of $16.49. The company has a market cap of $315.13 million, a P/E ratio of 8.03 and a beta of 0.23.
Chicago Atlantic Real Estate Finance Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders 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 11.71%. Chicago Atlantic Real Estate Finance's dividend payout ratio is currently 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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