Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Free Report) by 92.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,465 shares of the company's stock after acquiring an additional 31,391 shares during the period. JPMorgan Chase & Co. owned about 0.33% of Chicago Atlantic Real Estate Finance worth $1,009,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp raised its position in Chicago Atlantic Real Estate Finance by 15.1% in the third quarter. State Street Corp now owns 400,790 shares of the company's stock valued at $6,403,000 after purchasing an additional 52,497 shares during the period. Magnus Financial Group LLC acquired a new stake in shares of Chicago Atlantic Real Estate Finance in the fourth quarter valued at about $508,000. Barclays PLC raised its holdings in shares of Chicago Atlantic Real Estate Finance by 271.9% during the 3rd quarter. Barclays PLC now owns 22,143 shares of the company's stock valued at $343,000 after buying an additional 16,189 shares during the period. Catalina Capital Group LLC acquired a new position in Chicago Atlantic Real Estate Finance during the 4th quarter worth approximately $253,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Chicago Atlantic Real Estate Finance by 242.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 120,576 shares of the company's stock worth $1,859,000 after acquiring an additional 85,399 shares during the period. Institutional investors and hedge funds own 25.48% of the company's stock.

Chicago Atlantic Real Estate Finance Stock Up 0.1 %

Shares of NASDAQ:REFI opened at $14.24 on Monday. The company has a 50 day moving average of $14.97 and a two-hundred day moving average of $15.43. Chicago Atlantic Real Estate Finance, Inc. has a 52-week low of $12.76 and a 52-week high of $16.47. The company has a market capitalization of $297.53 million, a price-to-earnings ratio of 7.12 and a beta of 0.26.

Chicago Atlantic Real Estate Finance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 13.20%. The ex-dividend date of this dividend was Monday, March 31st. Chicago Atlantic Real Estate Finance's dividend payout ratio (DPR) is 100.00%.

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.

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