20,712 Shares in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Purchased by Savant Capital LLC

Savant Capital 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 20,712 shares of the company’s stock, valued at approximately $319,000. Savant Capital LLC owned approximately 0.11% of Chicago Atlantic Real Estate Finance at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of REFI. JPMorgan Chase & Co. boosted its position 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 purchasing an additional 21,415 shares in the last quarter. State Street Corp raised its position in shares of Chicago Atlantic Real Estate Finance by 15.1% in the third quarter. State Street Corp now owns 400,790 shares of the company’s stock valued at $6,403,000 after purchasing an additional 52,497 shares during the period. Magnus Financial Group LLC bought a new position in shares of Chicago Atlantic Real Estate Finance in the fourth quarter valued at about $508,000. Barclays PLC increased its holdings in Chicago Atlantic Real Estate Finance by 271.9% in the 3rd quarter. Barclays PLC now owns 22,143 shares of the company’s stock valued at $343,000 after buying an additional 16,189 shares during the period. Finally, Catalina Capital Group LLC bought a new position in Chicago Atlantic Real Estate Finance in the 4th quarter valued at about $253,000. 25.48% of the stock is owned by institutional investors.

Chicago Atlantic Real Estate Finance Stock Up 1.6 %

Shares of REFI opened at $16.00 on Tuesday. The business’s 50-day moving average price is $15.64 and its 200-day moving average price is $15.65. Chicago Atlantic Real Estate Finance, Inc. has a twelve month low of $14.82 and a twelve month high of $16.49. The stock has a market cap of $314.14 million, a PE ratio of 8.00 and a beta of 0.23.

Chicago Atlantic Real Estate Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Tuesday, December 31st were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 11.75%. The ex-dividend date of this dividend was Tuesday, December 31st. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is 94.00%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. JMP Securities reiterated a “market outperform” rating and set a $20.00 target price on shares of Chicago Atlantic Real Estate Finance in a research report on Thursday, December 19th. Alliance Global Partners assumed coverage on shares of Chicago Atlantic Real Estate Finance in a report on Tuesday, December 17th. They set a “buy” rating and a $20.00 price objective on the stock.

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.