Allspring Global Investments Holdings LLC Has $1.86 Million Position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Allspring Global Investments Holdings LLC boosted its stake in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 242.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 120,576 shares of the company’s stock after buying an additional 85,399 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.61% of Chicago Atlantic Real Estate Finance worth $1,859,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of REFI. Tidal Investments LLC lifted its holdings in Chicago Atlantic Real Estate Finance by 21.4% during the 3rd quarter. Tidal Investments LLC now owns 485,610 shares of the company’s stock worth $7,532,000 after buying an additional 85,481 shares during the period. State Street Corp lifted 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 purchasing an additional 52,497 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Chicago Atlantic Real Estate Finance by 315.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,677 shares of the company’s stock valued at $1,065,000 after purchasing an additional 52,134 shares during the period. Magnus Financial Group LLC acquired a new position in shares of Chicago Atlantic Real Estate Finance in the 4th quarter valued at about $508,000. Finally, Gladstone Institutional Advisory LLC acquired a new position in shares of Chicago Atlantic Real Estate Finance in the 3rd quarter valued at about $504,000. 25.48% of the stock is owned by institutional investors and hedge funds.

Chicago Atlantic Real Estate Finance Price Performance

Shares of NASDAQ:REFI opened at $15.55 on Friday. The company has a market capitalization of $305.25 million, a price-to-earnings ratio of 7.78 and a beta of 0.23. The business’s 50-day moving average is $15.62 and its 200-day moving average is $15.66. Chicago Atlantic Real Estate Finance, Inc. has a 1 year low of $14.82 and a 1 year high of $16.49.

Chicago Atlantic Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 12.09%. The ex-dividend date of this dividend was Tuesday, December 31st. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is currently 94.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on REFI shares. JMP Securities reissued a “market outperform” rating and issued a $20.00 price objective on shares of Chicago Atlantic Real Estate Finance in a research note on Thursday, December 19th. Alliance Global Partners started coverage on Chicago Atlantic Real Estate Finance in a research note on Tuesday, December 17th. They issued a “buy” rating and a $20.00 price objective on the stock.

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.