Chicago Atlantic Real Estate Finance (REFI) Stock Price, News & Analysis

Company Overview

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. The company has elected to be taxed as a real estate investment trust (REIT) and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Chicago Atlantic Real Estate Finance, Inc. was incorporated in 2021 and is headquartered in Chicago, Illinois.

Key Stats

• Today's Range: $15.69 to $16.03
• 50-Day Range: $15.03 to $16.21
• 52-Week Range: $14.82 to $17.65
• Volume: 244,351 shs
• Average Volume: 89,670 shs
• Market Capitalization: $313.75 million
• P/E Ratio: 7.99
• Dividend Yield: 11.76%
• Price Target: $20.00
• Consensus Rating: Buy

Chicago Atlantic Real Estate Finance Stock Analysis - MarketRank™

Chicago Atlantic Real Estate Finance scored higher than 87% of companies evaluated by MarketBeat, and ranked 187th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.7 / 5
• Analyst Rating: Buy

Consensus Rating

Chicago Atlantic Real Estate Finance has received a consensus rating of Buy. The company's average rating score is 3.33, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Chicago Atlantic Real Estate Finance has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 2.11%

Earnings Growth

Earnings for Chicago Atlantic Real Estate Finance are expected to grow by 2.11% in the coming year, from $1.90 to $1.94 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Chicago Atlantic Real Estate Finance is 7.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.09.

Price to Earnings Ratio vs. Sector

The P/E ratio of Chicago Atlantic Real Estate Finance is 7.99, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 28.54.

Price to Book Value per Share Ratio

Chicago Atlantic Real Estate Finance has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.29% of the float of Chicago Atlantic Real Estate Finance has been sold short.

Short Interest Ratio / Days to Cover

Chicago Atlantic Real Estate Finance has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Chicago Atlantic Real Estate Finance has recently decreased by 13.77%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Chicago Atlantic Real Estate Finance is a leading dividend payer. It pays a dividend yield of 11.62%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Chicago Atlantic Real Estate Finance does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Chicago Atlantic Real Estate Finance is 94.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Chicago Atlantic Real Estate Finance will have a dividend payout ratio of 96.91% in the coming year. This indicates that Chicago Atlantic Real Estate Finance may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.29% of the float of Chicago Atlantic Real Estate Finance has been sold short.

Short Interest Ratio / Days to Cover

Chicago Atlantic Real Estate Finance has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Chicago Atlantic Real Estate Finance has recently decreased by 13.77%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.71

News Sentiment

Chicago Atlantic Real Estate Finance has a news sentiment score of 0.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for Chicago Atlantic Real Estate Finance this week, compared to 2 articles on an average week.

Search Interest

Only 3 people have searched for REFI on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

2 people have added Chicago Atlantic Real Estate Finance to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Chicago Atlantic Real Estate Finance insiders have bought more of their company's stock than they have sold. Specifically, they have bought $43,964.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

12.30% of the stock of Chicago Atlantic Real Estate Finance is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 25.48% of the stock of Chicago Atlantic Real Estate Finance is held by institutions.

REFI Stock Analysis - Frequently Asked Questions

How have REFI shares performed this year?

Chicago Atlantic Real Estate Finance's stock was trading at $16.18 at the beginning of the year. Since then, REFI stock has decreased by 1.2% and is now trading at $15.98.
View the best growth stocks for 2024 here.

How were Chicago Atlantic Real Estate Finance's earnings last quarter?

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) posted its earnings results on Wednesday, August, 9th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.10. The firm earned $14.66 million during the quarter, compared to analysts' expectations of $15.78 million. Chicago Atlantic Real Estate Finance had a trailing twelve-month return on equity of 13.17% and a net margin of 64.57%.

When did Chicago Atlantic Real Estate Finance IPO?

Chicago Atlantic Real Estate Finance (REFI) raised $106 million in an initial public offering (IPO) on Wednesday, December 8th 2021. The company issued 6,250,000 shares at a price of $16.00-$18.00 per share.

Who are Chicago Atlantic Real Estate Finance's major shareholders?

Chicago Atlantic Real Estate Finance's top institutional shareholders include Tidal Investments LLC (2.47%), State Street Corp (2.04%), HighTower Advisors LLC (0.39%) and Connor Clark & Lunn Investment Management Ltd. (0.35%). Insiders that own company stock include John Mazarakis, Anthony Cappell, David Kite, Jason D Papastavrou and Peter Sack.
View institutional ownership trends.

How do I buy shares of Chicago Atlantic Real Estate Finance?

Shares of REFI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Chicago Atlantic Real Estate Finance own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Chicago Atlantic Real Estate Finance investors own include NVIDIA (NVDA), Tesla (TSLA), Meta Platforms (META), Advanced Micro Devices (AMD), Home Depot (HD), JPMorgan Chase & Co. (JPM) and Walmart (WMT).

Company Calendar

• Last Earnings: 8/09/2023
• Ex-Dividend for 10/15 Dividend: 9/30/2024
• Dividend Payable: 10/15/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/13/2025
• Ex-Dividend for 1/13 Dividend: 1/01/2100

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• Current Symbol: NASDAQ:REFI
• CUSIP: N/A
• CIK: 1867949
• Web: www.chicagoatlanticcredit.com
• Phone: 312-809-7002
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $20.00
• High Stock Price Target: $20.00
• Low Stock Price Target: $20.00
• Potential Upside/Downside: +25.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.00
• Trailing P/E Ratio: 7.99
• Forward P/E Ratio: 8.41
• P/E Growth: N/A
• Net Income: $38.71 million
• Net Margins: 64.57%
• Pretax Margin: 64.57%
• Return on Equity: 13.17%
• Return on Assets: 10.10%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $55.79 million
• Price / Sales: 5.62
• Cash Flow: $2.05 per share
• Price / Cash Flow: 7.81
• Book Value: $14.95 per share
• Price / Book: 1.07

Miscellaneous

• Outstanding Shares: 19,634,000
• Free Float: 17,219,000
• Market Cap: $313.75 million
• Optionable: Optionable
• Beta: 0.23