Charles Schwab Investment Management Inc. Has $792,000 Holdings in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Charles Schwab Investment Management Inc. boosted its holdings in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 4.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,332 shares of the company’s stock after acquiring an additional 2,354 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.26% of Chicago Atlantic Real Estate Finance worth $792,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in REFI. SG Americas Securities LLC purchased a new stake in shares of Chicago Atlantic Real Estate Finance in the fourth quarter worth approximately $119,000. Janus Henderson Group PLC bought a new stake in Chicago Atlantic Real Estate Finance during the third quarter worth $160,000. Townsquare Capital LLC purchased a new stake in Chicago Atlantic Real Estate Finance in the 3rd quarter valued at $162,000. Bleakley Financial Group LLC bought a new position in Chicago Atlantic Real Estate Finance during the 4th quarter valued at $164,000. Finally, HB Wealth Management LLC purchased a new position in Chicago Atlantic Real Estate Finance during the 4th quarter worth $191,000. Institutional investors and hedge funds own 25.48% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on REFI. 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 target price for the company. JMP Securities reaffirmed a “market outperform” rating and issued a $20.00 price objective on shares of Chicago Atlantic Real Estate Finance in a research report on Thursday, December 19th.

Chicago Atlantic Real Estate Finance Trading Down 0.7 %

Shares of Chicago Atlantic Real Estate Finance stock opened at $15.30 on Monday. The business’s fifty day simple moving average is $15.64 and its 200 day simple moving average is $15.69. Chicago Atlantic Real Estate Finance, Inc. has a 12 month low of $14.82 and a 12 month high of $16.47. The firm has a market capitalization of $319.68 million, a P/E ratio of 7.65 and a beta of 0.22.

Chicago Atlantic Real Estate Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.29%. The ex-dividend date is Monday, March 31st. Chicago Atlantic Real Estate Finance’s payout ratio is 100.00%.

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.