Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Get Free Report) declared a quarterly dividend on Monday, March 17th, RTT News reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.47 per share on Tuesday, April 15th. This represents a $1.88 annualized dividend and a yield of 12.22%. The ex-dividend date is Monday, March 31st.
Chicago Atlantic Real Estate Finance has a dividend payout ratio of 86.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. Equities research analysts expect Chicago Atlantic Real Estate Finance to earn $1.94 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 96.9%.
Chicago Atlantic Real Estate Finance Stock Performance
Shares of REFI traded down $0.01 during mid-day trading on Friday, hitting $15.39. 139,124 shares of the company traded hands, compared to its average volume of 107,639. The stock has a market cap of $321.56 million, a price-to-earnings ratio of 7.70 and a beta of 0.22. The stock has a 50-day moving average price of $15.64 and a two-hundred day moving average price of $15.70. Chicago Atlantic Real Estate Finance has a 1 year low of $14.82 and a 1 year high of $16.47.
Analyst Ratings Changes
Several research firms have recently weighed in on REFI. JMP Securities reissued a "market outperform" rating and set a $20.00 price target on shares of Chicago Atlantic Real Estate Finance in a report on Thursday, December 19th. Alliance Global Partners initiated 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 on the stock.
Read Our Latest Analysis on Chicago Atlantic Real Estate Finance
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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