Magnus Financial Group LLC purchased a new stake in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 32,962 shares of the company's stock, valued at approximately $508,000. Magnus Financial Group LLC owned about 0.17% of Chicago Atlantic Real Estate Finance at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp lifted 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 buying an additional 52,497 shares during the last quarter. Barclays PLC lifted its position 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 buying an additional 16,189 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Chicago Atlantic Real Estate Finance by 6.6% in the third quarter. The Manufacturers Life Insurance Company now owns 21,684 shares of the company's stock valued at $336,000 after buying an additional 1,349 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Chicago Atlantic Real Estate Finance by 315.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,677 shares of the company's stock valued at $1,065,000 after buying an additional 52,134 shares during the last quarter. Finally, Tidal Investments LLC increased its stake in Chicago Atlantic Real Estate Finance by 21.4% during the third quarter. Tidal Investments LLC now owns 485,610 shares of the company's stock worth $7,532,000 after purchasing an additional 85,481 shares during the period. Institutional investors and hedge funds own 25.48% of the company's stock.
Analyst Ratings Changes
REFI has been the topic of a number of recent research reports. Alliance Global Partners initiated coverage on shares of Chicago Atlantic Real Estate Finance in a research note on Tuesday, December 17th. They set a "buy" rating and a $20.00 price target on the stock. JMP Securities restated a "market outperform" rating and set a $20.00 target price on shares of Chicago Atlantic Real Estate Finance in a research note on Thursday, December 19th.
Check Out Our Latest Stock Analysis on Chicago Atlantic Real Estate Finance
Chicago Atlantic Real Estate Finance Stock Down 0.7 %
Chicago Atlantic Real Estate Finance stock traded down $0.10 during mid-day trading on Thursday, hitting $15.23. The company had a trading volume of 140,326 shares, compared to its average volume of 160,279. The stock has a market cap of $299.03 million, a price-to-earnings ratio of 7.62 and a beta of 0.23. Chicago Atlantic Real Estate Finance, Inc. has a 1 year low of $14.82 and a 1 year high of $16.49. The business has a fifty day moving average of $15.82 and a 200 day moving average of $15.69.
Chicago Atlantic Real Estate Finance Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 12.34%. The ex-dividend date was Tuesday, December 31st. Chicago Atlantic Real Estate Finance's payout ratio is currently 94.00%.
Insider Activity
In related news, insider John Mazarakis purchased 2,779 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average cost of $15.82 per share, with a total value of $43,963.78. Following the completion of the acquisition, the insider now directly owns 372,709 shares in the company, valued at $5,896,256.38. This trade represents a 0.75 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 12.30% of the company's stock.
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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