Chicago Atlantic Real Estate Finance (NASDAQ:REFI) Chairman Buys $80,345.10 in Stock

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Chairman John Mazarakis bought 7,530 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were bought at an average price of $10.67 per share, with a total value of $80,345.10. Following the purchase, the chairman owned 526,562 shares in the company, valued at $5,618,416.54. The trade was a 1.45% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

John Mazarakis also recently made the following trade(s):

• On Wednesday, August 26th, John Mazarakis purchased 40,181 shares of Chicago Atlantic Real Estate Finance stock. The stock was bought at an average price of $10.67 per share, for a total transaction of $428,731.27.
• On Friday, August 21st, John Mazarakis acquired 145 shares of Chicago Atlantic Real Estate Finance stock. The shares were bought at an average price of $10.67 per share, with a total value of $1,547.15.
• On Monday, August 17th, John Mazarakis bought 25,000 shares of Chicago Atlantic Real Estate Finance stock. The stock was purchased at an average cost of $10.25 per share, for a total transaction of $256,250.00.

Chicago Atlantic Real Estate Finance Stock Performance

NASDAQ:REFI opened at $10.68 on Monday. The stock has a 50 day simple moving average of $10.50 and a 200 day simple moving average of $11.30. Chicago Atlantic Real Estate Finance, Inc. has a 1-year low of $9.69 and a 1-year high of $14.57. The stock has a market cap of $273.63 million, a P/E ratio of 7.80 and a beta of 0.24.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.05). Chicago Atlantic Real Estate Finance had a return on equity of 11.53% and a net margin of 54.57%.The firm had revenue of $12.61 million for the quarter, compared to the consensus estimate of $14.17 million. As a group, sell-side analysts forecast that Chicago Atlantic Real Estate Finance, Inc. will post 1.72 EPS for the current year.

Chicago Atlantic Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.47 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 17.6%. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is presently 137.23%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Chicago Atlantic Real Estate Finance in the 2nd quarter valued at $18,428,000. Fielder Capital Group LLC acquired a new position in Chicago Atlantic Real Estate Finance in the 2nd quarter worth about $10,530,000. Vanguard Group Inc. increased its holdings in Chicago Atlantic Real Estate Finance by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 940,997 shares of the company’s stock worth $12,035,000 after purchasing an additional 19,227 shares in the last quarter. Clayton Partners LLC raised its position in Chicago Atlantic Real Estate Finance by 52.9% in the fourth quarter. Clayton Partners LLC now owns 211,000 shares of the company’s stock valued at $2,587,000 after purchasing an additional 73,037 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Chicago Atlantic Real Estate Finance by 5.0% in the third quarter. Van ECK Associates Corp now owns 198,812 shares of the company’s stock valued at $2,543,000 after purchasing an additional 9,426 shares during the last quarter. 25.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

REFI has been the topic of a number of analyst reports. Atlantic Securities set a $16.00 price objective on shares of Chicago Atlantic Real Estate Finance in a research note on Wednesday, August 12th. Citigroup reiterated a “market outperform” rating on shares of Chicago Atlantic Real Estate Finance in a research report on Wednesday, August 12th. Weiss Ratings upgraded shares of Chicago Atlantic Real Estate Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Citizens Jmp cut their target price on Chicago Atlantic Real Estate Finance from $18.00 to $16.00 and set a “market outperform” rating for the company in a research note on Wednesday, August 12th. Finally, Zacks Research lowered Chicago Atlantic Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.33.

Chicago Atlantic Real Estate Finance Company Profile

Chicago Atlantic Real Estate Finance, Inc (NASDAQ:REFI) is a publicly listed real estate finance company that specializes in originating and acquiring commercial real estate debt. Pursuant to its election to be treated as a real estate investment trust (REIT), REFI’s investment strategy focuses on floating-rate senior mortgage loans secured by income-producing properties across the United States. The company targets stabilized, performing assets in sectors such as multifamily, office, retail and industrial, aiming to generate attractive risk-adjusted returns through current income.

Established in 2015 and headquartered in Chicago, Illinois, REFI completed its initial public offering in 2019.