Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 169.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,074 shares of the company’s stock after purchasing an additional 21,415 shares during the period. JPMorgan Chase & Co. owned 0.17% of Chicago Atlantic Real Estate Finance worth $528,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in REFI. Janus Henderson Group PLC purchased a new position in Chicago Atlantic Real Estate Finance in the third quarter valued at approximately $160,000. Townsquare Capital LLC acquired a new position in shares of Chicago Atlantic Real Estate Finance during the 3rd quarter valued at $162,000. Doliver Advisors LP purchased a new stake in Chicago Atlantic Real Estate Finance during the 3rd quarter worth $171,000. Martingale Asset Management L P increased its holdings in Chicago Atlantic Real Estate Finance by 10.4% in the 3rd quarter. Martingale Asset Management L P now owns 18,045 shares of the company’s stock valued at $280,000 after purchasing an additional 1,703 shares in the last quarter. Finally, United Advisor Group LLC acquired a new position in shares of Chicago Atlantic Real Estate Finance during the third quarter worth about $319,000. Institutional investors and hedge funds own 25.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JMP Securities reiterated a “market outperform” rating and set a $20.00 target price on shares of Chicago Atlantic Real Estate Finance in a report on Thursday, December 19th. Alliance Global Partners started 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.

Insider Activity at Chicago Atlantic Real Estate Finance

In related news, insider John Mazarakis bought 2,779 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was bought at an average price of $15.82 per share, with a total value of $43,963.78. Following the transaction, the insider now owns 372,709 shares of the company’s stock, valued at approximately $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 can be accessed through this link. 12.30% of the stock is currently owned by corporate insiders.

Chicago Atlantic Real Estate Finance Stock Performance

Shares of REFI opened at $15.21 on Wednesday. Chicago Atlantic Real Estate Finance, Inc. has a one year low of $14.82 and a one year high of $16.49. The stock has a 50-day moving average price of $15.78 and a 200 day moving average price of $15.69. The company has a market capitalization of $298.57 million, a P/E ratio of 7.61 and a beta of 0.23.

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 given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.36%. The ex-dividend date was Tuesday, December 31st. Chicago Atlantic Real Estate Finance’s payout ratio is currently 94.00%.

Chicago Atlantic Real Estate Finance Company Profile

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.