Corient Private Wealth LLC cut its holdings in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Free Report) by 16.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 239,913 shares of the company's stock after selling 47,253 shares during the quarter. Corient Private Wealth LLC owned about 1.22% of Chicago Atlantic Real Estate Finance worth $3,699,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Chicago Atlantic Real Estate Finance during the 4th quarter worth approximately $119,000. Janus Henderson Group PLC acquired a new stake in shares of Chicago Atlantic Real Estate Finance during the third quarter worth about $160,000. Townsquare Capital LLC acquired a new stake in shares of Chicago Atlantic Real Estate Finance in the 3rd quarter worth $162,000. Bleakley Financial Group LLC acquired a new position in Chicago Atlantic Real Estate Finance during the fourth quarter worth $164,000. Finally, HB Wealth Management LLC purchased a new position in Chicago Atlantic Real Estate Finance in the fourth quarter valued at about $191,000. Institutional investors and hedge funds own 25.48% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the company. 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 Chicago Atlantic Real Estate Finance in a report on Tuesday, December 17th. They issued a "buy" rating and a $20.00 price objective for the company.
Read Our Latest Stock Report on REFI
Chicago Atlantic Real Estate Finance Stock Performance
Shares of NASDAQ:REFI traded down $0.05 during trading on Wednesday, hitting $15.37. 91,970 shares of the stock were exchanged, compared to its average volume of 106,805. Chicago Atlantic Real Estate Finance, Inc. has a 1-year low of $14.82 and a 1-year high of $16.47. The company has a market capitalization of $321.14 million, a price-to-earnings ratio of 7.69 and a beta of 0.22. The company's fifty day simple moving average is $15.65 and its 200-day simple moving average is $15.69.
Chicago Atlantic Real Estate Finance Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 12.23%. Chicago Atlantic Real Estate Finance's dividend payout ratio is currently 100.00%.
About Chicago Atlantic Real Estate Finance
(
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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