Quantbot Technologies LP Invests $41,000 in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Quantbot Technologies LP acquired a new stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,631 shares of the company’s stock, valued at approximately $41,000.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of Chicago Atlantic Real Estate Finance by 169.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 34,074 shares of the company’s stock worth $528,000 after acquiring an additional 21,415 shares during the period. State Street Corp raised its stake in Chicago Atlantic Real Estate Finance by 15.1% during the third quarter. State Street Corp now owns 400,790 shares of the company’s stock worth $6,403,000 after purchasing an additional 52,497 shares during the period. Magnus Financial Group LLC purchased a new stake in shares of Chicago Atlantic Real Estate Finance in the 4th quarter valued at approximately $508,000. Barclays PLC grew its stake in shares of 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 acquired a new stake in shares of Chicago Atlantic Real Estate Finance during the 4th quarter worth approximately $253,000. Institutional investors and hedge funds own 25.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on REFI shares. JMP Securities reaffirmed a “market outperform” rating and issued a $20.00 target price on shares of Chicago Atlantic Real Estate Finance in a research 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 objective on the stock.

Chicago Atlantic Real Estate Finance Stock Performance

Shares of REFI stock opened at $14.79 on Wednesday. The stock’s 50-day moving average is $15.61 and its two-hundred day moving average is $15.67. Chicago Atlantic Real Estate Finance, Inc. has a 1 year low of $14.48 and a 1 year high of $16.47. The firm has a market cap of $309.02 million, a price-to-earnings ratio of 7.40 and a beta of 0.22.

Chicago Atlantic Real Estate Finance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 12.71%. The ex-dividend date of this dividend is Monday, March 31st. Chicago Atlantic Real Estate Finance’s dividend payout ratio is presently 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.