Chicago Atlantic Real Estate Finance (REFI) Projected to Post Quarterly Earnings on Wednesday

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) is projected to release its earnings data before the market opens on Wednesday, March 12th. Analysts expect Chicago Atlantic Real Estate Finance to post earnings of $0.43 per share and revenue of $14.26 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Chicago Atlantic Real Estate Finance Trading Down 1.2 %

Shares of REFI opened at $16.05 on Wednesday. The firm has a market cap of $315.13 million, a PE ratio of 8.03 and a beta of 0.23. The company’s 50 day simple moving average is $15.63 and its 200-day simple moving average is $15.71. Chicago Atlantic Real Estate Finance has a 12-month low of $14.82 and a 12-month high of $16.49.

Chicago Atlantic Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 11.71%. The ex-dividend date 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 equities research analysts have commented on REFI shares. JMP Securities reissued a “market outperform” rating and issued 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 Chicago Atlantic Real Estate Finance in a research report on Tuesday, December 17th. They set a “buy” rating and a $20.00 price objective for the company.

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.