10,607 Shares in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC bought a new stake in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 10,607 shares of the company’s stock, valued at approximately $164,000. Bleakley Financial Group LLC owned about 0.05% of Chicago Atlantic Real Estate Finance at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in REFI. SG Americas Securities LLC bought a new position in Chicago Atlantic Real Estate Finance in the 4th quarter worth approximately $119,000. Janus Henderson Group PLC purchased a new stake in Chicago Atlantic Real Estate Finance during the third quarter valued at about $160,000. Townsquare Capital LLC acquired a new stake in Chicago Atlantic Real Estate Finance during the 3rd quarter valued at $162,000. HB Wealth Management LLC acquired a new stake in Chicago Atlantic Real Estate Finance during the 4th quarter worth about $191,000. Finally, Catalina Capital Group LLC purchased a new position in Chicago Atlantic Real Estate Finance during the fourth quarter valued at approximately $253,000. 25.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JMP Securities reissued a “market outperform” rating and set a $20.00 price objective on shares of Chicago Atlantic Real Estate Finance in a research report on Thursday, December 19th. Alliance Global Partners assumed coverage on Chicago Atlantic Real Estate Finance in a research note on Tuesday, December 17th. They issued a “buy” rating and a $20.00 price target for the company.

Chicago Atlantic Real Estate Finance Trading Down 0.9 %

REFI stock opened at $15.75 on Thursday. Chicago Atlantic Real Estate Finance, Inc. has a 1 year low of $14.82 and a 1 year high of $16.49. The company has a fifty day simple moving average of $15.66 and a 200 day simple moving average of $15.65. The firm has a market cap of $309.17 million, a PE ratio of 7.88 and a beta of 0.23.

Chicago Atlantic Real Estate Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 11.94%. The ex-dividend date was Tuesday, December 31st. Chicago Atlantic Real Estate Finance’s payout ratio is 94.00%.

About Chicago Atlantic Real Estate Finance

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.