Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 379,000 shares, an increase of 33.1% from the March 15th total of 284,700 shares. Currently, 2.1% of the company's shares are sold short. Based on an average trading volume of 169,300 shares, the days-to-cover ratio is presently 2.2 days.
Chicago Atlantic Real Estate Finance Stock Up 0.6 %
REFI stock traded up $0.09 during mid-day trading on Tuesday, hitting $14.06. 2,159 shares of the company were exchanged, compared to its average volume of 163,917. The firm has a market capitalization of $293.69 million, a P/E ratio of 7.03 and a beta of 0.26. The business has a fifty day simple moving average of $15.11 and a 200-day simple moving average of $15.46. Chicago Atlantic Real Estate Finance has a 12-month low of $12.76 and a 12-month high of $16.47.
Chicago Atlantic Real Estate Finance Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 13.38%. Chicago Atlantic Real Estate Finance's dividend payout ratio is presently 100.00%.
Hedge Funds Weigh In On Chicago Atlantic Real Estate Finance
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Chicago Atlantic Real Estate Finance by 169.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 34,074 shares of the company's stock worth $528,000 after buying an additional 21,415 shares in the last quarter. State Street Corp increased its position in shares of Chicago Atlantic Real Estate Finance by 15.1% in the 3rd 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 last quarter. Intrepid Capital Management Inc. lifted its holdings in Chicago Atlantic Real Estate Finance by 503.1% during the 4th quarter. Intrepid Capital Management Inc. now owns 711,127 shares of the company's stock worth $10,966,000 after buying an additional 593,218 shares during the last quarter. Magnus Financial Group LLC purchased a new position in shares of Chicago Atlantic Real Estate Finance in the 4th quarter valued at about $508,000. Finally, Barclays PLC increased its stake in Chicago Atlantic Real Estate Finance by 271.9% in the third quarter. Barclays PLC now owns 22,143 shares of the company's stock valued at $343,000 after purchasing an additional 16,189 shares during the last quarter. 25.48% of the stock is currently owned by hedge funds and other institutional investors.
About Chicago Atlantic Real Estate Finance
(
Get 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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