SG Americas Securities LLC Invests $119,000 in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

SG Americas Securities LLC acquired a new position in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,739 shares of the company’s stock, valued at approximately $119,000.

Several other hedge funds also recently modified their holdings of the company. Magnus Financial Group LLC acquired a new stake in shares of Chicago Atlantic Real Estate Finance during the fourth quarter worth approximately $508,000. HB Wealth Management LLC acquired a new stake in shares of Chicago Atlantic Real Estate Finance during the fourth quarter worth approximately $191,000. Doliver Advisors LP increased its holdings in shares of Chicago Atlantic Real Estate Finance by 149.4% during the fourth quarter. Doliver Advisors LP now owns 27,438 shares of the company’s stock worth $423,000 after buying an additional 16,438 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Chicago Atlantic Real Estate Finance by 169.2% during the third quarter. JPMorgan Chase & Co. now owns 34,074 shares of the company’s stock worth $528,000 after buying an additional 21,415 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of 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 buying an additional 85,481 shares in the last quarter. Institutional investors and hedge funds own 25.48% of the company’s stock.

Chicago Atlantic Real Estate Finance Price Performance

Shares of Chicago Atlantic Real Estate Finance stock opened at $15.89 on Wednesday. The firm has a market cap of $311.92 million, a P/E ratio of 7.95 and a beta of 0.23. The firm has a 50 day simple moving average of $15.66 and a 200 day simple moving average of $15.65. Chicago Atlantic Real Estate Finance, Inc. has a fifty-two week low of $14.82 and a fifty-two week high of $16.49.

Chicago Atlantic Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 11.83%. The ex-dividend date of this dividend was Tuesday, December 31st. Chicago Atlantic Real Estate Finance’s dividend payout ratio is presently 94.00%.

Analysts Set New Price Targets

A number of analysts recently weighed in on REFI shares. JMP Securities reissued a “market outperform” rating and issued a $20.00 price target 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 report on Tuesday, December 17th. They issued a “buy” rating and a $20.00 price target for the company.

Chicago Atlantic Real Estate Finance 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.