Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Get Free Report) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 284,700 shares, a growth of 40.2% from the February 28th total of 203,100 shares. Based on an average trading volume of 161,400 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.6% of the company's stock are sold short.
Institutional Investors Weigh In On Chicago Atlantic Real Estate Finance
Several hedge funds and other institutional investors have recently bought and sold shares of REFI. Quantbot Technologies LP purchased a new stake in Chicago Atlantic Real Estate Finance during the fourth quarter valued at about $41,000. Tower Research Capital LLC TRC lifted its position in shares of Chicago Atlantic Real Estate Finance by 45.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,667 shares of the company's stock valued at $41,000 after acquiring an additional 838 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Chicago Atlantic Real Estate Finance by 33.5% in the 4th quarter. Russell Investments Group Ltd. now owns 3,321 shares of the company's stock valued at $51,000 after acquiring an additional 833 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Chicago Atlantic Real Estate Finance during the 4th quarter worth approximately $86,000. Finally, SG Americas Securities LLC acquired a new stake in Chicago Atlantic Real Estate Finance during the 4th quarter valued at $119,000. 25.48% of the stock is currently owned by institutional investors.
Chicago Atlantic Real Estate Finance Price Performance
Shares of NASDAQ REFI traded down $0.07 during mid-day trading on Thursday, reaching $14.72. 145,388 shares of the company traded hands, compared to its average volume of 108,040. Chicago Atlantic Real Estate Finance has a fifty-two week low of $14.48 and a fifty-two week high of $16.47. The firm has a market cap of $307.56 million, a PE ratio of 7.36 and a beta of 0.22. The stock has a fifty day simple moving average of $15.60 and a 200-day simple moving average of $15.67.
Chicago Atlantic Real Estate Finance Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 12.77%. Chicago Atlantic Real Estate Finance's dividend payout ratio (DPR) is 100.00%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Alliance Global Partners began coverage on 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. JMP Securities restated a "market outperform" rating and issued a $20.00 price target on shares of Chicago Atlantic Real Estate Finance in a research report on Thursday, December 19th.
Get Our Latest Stock Analysis on REFI
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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