Chicago Atlantic Real Estate Finance (NASDAQ:REFI - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01), Zacks reports. Chicago Atlantic Real Estate Finance had a net margin of 64.57% and a return on equity of 13.17%. The firm had revenue of $14.07 million for the quarter, compared to analyst estimates of $14.26 million.
Chicago Atlantic Real Estate Finance Stock Performance
Shares of Chicago Atlantic Real Estate Finance stock remained flat at $15.31 during midday trading on Friday. The company had a trading volume of 135,196 shares, compared to its average volume of 106,585. Chicago Atlantic Real Estate Finance has a one year low of $14.82 and a one year high of $16.47. The stock's fifty day moving average is $15.63 and its two-hundred day moving average is $15.71. The stock has a market capitalization of $319.89 million, a price-to-earnings ratio of 7.66 and a beta of 0.22.
Chicago Atlantic Real Estate Finance Announces Dividend
The business also recently declared 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 of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 12.28%. Chicago Atlantic Real Estate Finance's payout ratio is 100.00%.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented 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 research note on Thursday, December 19th. Alliance Global Partners began coverage on shares of Chicago Atlantic Real Estate Finance in a research report on Tuesday, December 17th. They set a "buy" rating and a $20.00 target price on the stock.
Get Our Latest Analysis on Chicago Atlantic Real Estate Finance
Chicago Atlantic Real Estate Finance Company Profile
(
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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