Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Short Interest Update

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Get Free Report) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 263,800 shares, a drop of 18.0% from the January 15th total of 321,900 shares. Based on an average trading volume of 127,400 shares, the short-interest ratio is presently 2.1 days. Currently, 1.6% of the company's shares are short sold.

Chicago Atlantic Real Estate Finance Price Performance

Chicago Atlantic Real Estate Finance stock remained flat at $16.03 during mid-day trading on Wednesday. 76,979 shares of the company's stock were exchanged, compared to its average volume of 140,434. Chicago Atlantic Real Estate Finance has a twelve month low of $14.82 and a twelve month high of $16.49. The company has a fifty day moving average price of $15.64 and a two-hundred day moving average price of $15.65. The firm has a market capitalization of $314.67 million, a P/E ratio of 8.02 and a beta of 0.23.

Chicago Atlantic Real Estate Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st were issued a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 11.73%. Chicago Atlantic Real Estate Finance's dividend payout ratio (DPR) is presently 94.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on REFI. JMP Securities restated a "market outperform" rating and issued a $20.00 price target on shares of Chicago Atlantic Real Estate Finance in a report on Thursday, December 19th. Alliance Global Partners began coverage on Chicago Atlantic Real Estate Finance in a report on Tuesday, December 17th. They issued a "buy" rating and a $20.00 target price for the company.

Hedge Funds Weigh In On Chicago Atlantic Real Estate Finance

Several institutional investors and hedge funds have recently modified their holdings of REFI. Tidal Investments LLC grew its position in shares of Chicago Atlantic Real Estate Finance by 0.9% in the fourth quarter. Tidal Investments LLC now owns 489,926 shares of the company's stock valued at $7,555,000 after purchasing an additional 4,316 shares during the period. Nuveen Asset Management LLC increased its position in shares of Chicago Atlantic Real Estate Finance by 4.9% during the fourth quarter. Nuveen Asset Management LLC now owns 31,790 shares of the company's stock worth $490,000 after purchasing an additional 1,481 shares in the last quarter. Millennium Management LLC raised its stake in Chicago Atlantic Real Estate Finance by 52.7% in the 4th quarter. Millennium Management LLC now owns 48,957 shares of the company's stock valued at $755,000 after purchasing an additional 16,894 shares during the last quarter. Deutsche Bank AG raised its position in shares of Chicago Atlantic Real Estate Finance by 91.6% in the fourth quarter. Deutsche Bank AG now owns 9,557 shares of the company's stock valued at $147,000 after buying an additional 4,569 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Chicago Atlantic Real Estate Finance during the 4th quarter valued at about $305,000. Hedge funds and other institutional investors own 25.48% of the company's stock.

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.