Zacks Research Upgrades Chicago Atlantic Real Estate Finance (NASDAQ:REFI) to “Strong-Buy”

Posted by Brian Himes on Jul 8th, 2026

Chicago Atlantic Real Estate Finance (NASDAQ:REFI – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other equities research analysts have also recently commented on REFI. Oppenheimer cut Chicago Atlantic Real Estate Finance from an “outperform” rating to a “market perform” rating in a research note on Monday, March 16th. Weiss Ratings lowered shares of Chicago Atlantic Real Estate Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.00.

Check Out Our Latest Stock Analysis on Chicago Atlantic Real Estate Finance

Chicago Atlantic Real Estate Finance Trading Up 1.1%

Shares of NASDAQ:REFI opened at $10.73 on Monday. The firm has a market cap of $227.58 million, a price-to-earnings ratio of 7.45 and a beta of 0.23. Chicago Atlantic Real Estate Finance has a 1 year low of $10.56 and a 1 year high of $14.57. The business has a fifty day simple moving average of $11.33 and a 200 day simple moving average of $11.86.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). Chicago Atlantic Real Estate Finance had a net margin of 55.54% and a return on equity of 11.98%. The firm had revenue of $12.92 million during the quarter, compared to analysts’ expectations of $13.69 million. On average, sell-side analysts forecast that Chicago Atlantic Real Estate Finance will post 1.72 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in REFI. Vanguard Group Inc. lifted 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 during the last quarter. Fielder Capital Group LLC raised its position in shares of Chicago Atlantic Real Estate Finance by 2.8% in the fourth quarter. Fielder Capital Group LLC now owns 832,168 shares of the company’s stock valued at $10,202,000 after purchasing an additional 22,743 shares during the period. Clayton Partners LLC raised its position in shares of 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 period. Van ECK Associates Corp lifted its stake in shares of 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 worth $2,543,000 after buying an additional 9,426 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Chicago Atlantic Real Estate Finance by 16.9% in the third quarter. Millennium Management LLC now owns 184,697 shares of the company’s stock worth $2,362,000 after buying an additional 26,751 shares during the last quarter. Institutional investors and hedge funds own 25.48% of the company’s stock.

About Chicago Atlantic Real Estate Finance

(Get Free Report)

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.