Bank of New York Mellon Corp Grows Stock Holdings in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Bank of New York Mellon Corp raised its holdings in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 16.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 59,219 shares of the company’s stock after acquiring an additional 8,500 shares during the period. Bank of New York Mellon Corp owned 0.31% of Chicago Atlantic Real Estate Finance worth $910,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. O Shaughnessy Asset Management LLC boosted its stake in Chicago Atlantic Real Estate Finance by 4.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,501 shares of the company’s stock worth $276,000 after buying an additional 747 shares during the last quarter. Jump Financial LLC boosted its position in shares of Chicago Atlantic Real Estate Finance by 8.8% in the fourth quarter. Jump Financial LLC now owns 11,100 shares of the company’s stock worth $180,000 after acquiring an additional 900 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Chicago Atlantic Real Estate Finance by 5.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,105 shares of the company’s stock worth $365,000 after acquiring an additional 1,111 shares during the last quarter. Larson Financial Group LLC grew its holdings in Chicago Atlantic Real Estate Finance by 328.8% in the first quarter. Larson Financial Group LLC now owns 1,578 shares of the company’s stock valued at $25,000 after purchasing an additional 1,210 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in Chicago Atlantic Real Estate Finance by 3.9% during the first quarter. Commonwealth Equity Services LLC now owns 36,428 shares of the company’s stock worth $574,000 after purchasing an additional 1,363 shares during the last quarter. Hedge funds and other institutional investors own 25.48% of the company’s stock.

Chicago Atlantic Real Estate Finance Stock Down 1.2 %

NASDAQ:REFI opened at $15.76 on Friday. Chicago Atlantic Real Estate Finance, Inc. has a fifty-two week low of $13.86 and a fifty-two week high of $17.65. The firm’s 50 day moving average is $15.73 and its two-hundred day moving average is $15.72. The company has a market cap of $301.02 million, a P/E ratio of 7.92 and a beta of 0.20.

Chicago Atlantic Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 11.93%. The ex-dividend date of this dividend is Monday, September 30th. Chicago Atlantic Real Estate Finance’s payout ratio is currently 94.47%.

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.