Barclays PLC Has $343,000 Position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Barclays PLC boosted its stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 271.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,143 shares of the company’s stock after purchasing an additional 16,189 shares during the quarter. Barclays PLC owned about 0.11% of Chicago Atlantic Real Estate Finance worth $343,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp grew its stake in shares of Chicago Atlantic Real Estate Finance by 15.1% in the 3rd quarter. State Street Corp now owns 400,790 shares of the company’s stock valued at $6,403,000 after buying an additional 52,497 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in Chicago Atlantic Real Estate Finance by 315.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,677 shares of the company’s stock valued at $1,065,000 after acquiring an additional 52,134 shares during the period. Gladstone Institutional Advisory LLC acquired a new stake in Chicago Atlantic Real Estate Finance in the third quarter valued at approximately $504,000. United Advisor Group LLC bought a new stake in shares of Chicago Atlantic Real Estate Finance during the third quarter valued at approximately $319,000. Finally, Doliver Advisors LP acquired a new position in shares of Chicago Atlantic Real Estate Finance during the third quarter worth approximately $171,000. 25.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

REFI has been the subject of several research reports. JMP Securities reissued a “market outperform” rating and issued a $20.00 price target on shares of Chicago Atlantic Real Estate Finance in a research report on Thursday, December 19th. Alliance Global Partners initiated 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 for the company.

Chicago Atlantic Real Estate Finance Stock Up 0.6 %

Shares of Chicago Atlantic Real Estate Finance stock opened at $15.66 on Monday. The company has a market cap of $307.41 million, a PE ratio of 7.83 and a beta of 0.23. Chicago Atlantic Real Estate Finance, Inc. has a 52 week low of $14.82 and a 52 week high of $16.49. The business has a 50 day moving average price of $15.83 and a 200-day moving average price of $15.69.

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 given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 12.01%. The ex-dividend date of this dividend was Tuesday, December 31st. Chicago Atlantic Real Estate Finance’s payout ratio is currently 94.00%.

Insider Buying and Selling at Chicago Atlantic Real Estate Finance

In other news, insider John Mazarakis acquired 2,779 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was purchased at an average price of $15.82 per share, for a total transaction of $43,963.78. Following the purchase, the insider now owns 372,709 shares in the company, valued at approximately $5,896,256.38. This represents a 0.75 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 12.30% of the company’s stock.

Chicago Atlantic Real Estate Finance 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.