Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Get Free Report) CEO Anthony Cappell purchased 45,000 shares of Chicago Atlantic Real Estate Finance stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average price of $10.40 per share, with a total value of $468,000.00. Following the transaction, the chief executive officer owned 466,706 shares in the company, valued at $4,853,742.40. This represents a 10.67% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Chicago Atlantic Real Estate Finance Stock Performance
Chicago Atlantic Real Estate Finance stock opened at $10.61 on Friday. Chicago Atlantic Real Estate Finance, Inc. has a 52 week low of $9.69 and a 52 week high of $14.57. The firm has a market capitalization of $271.83 million, a price-to-earnings ratio of 7.74 and a beta of 0.24. The company has a 50 day moving average price of $10.56 and a 200 day moving average price of $11.36.
Chicago Atlantic Real Estate Finance (NASDAQ:REFI – Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.05). The firm had revenue of $12.61 million for the quarter, compared to analyst estimates of $14.17 million. Chicago Atlantic Real Estate Finance had a net margin of 54.57% and a return on equity of 11.53%. Equities analysts forecast that Chicago Atlantic Real Estate Finance, Inc. will post 1.72 earnings per share for the current fiscal year.
Chicago Atlantic Real Estate Finance Announces Dividend
Hedge Funds Weigh In On Chicago Atlantic Real Estate Finance
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Chicago Atlantic Real Estate Finance during the 2nd quarter worth $18,428,000. Fielder Capital Group LLC bought a new position in Chicago Atlantic Real Estate Finance in the 2nd quarter worth $10,530,000. Corient Private Wealth LP bought a new position in Chicago Atlantic Real Estate Finance in the 2nd quarter worth $1,637,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Chicago Atlantic Real Estate Finance during the 2nd quarter worth $1,220,000. Finally, Clayton Partners LLC boosted its holdings in Chicago Atlantic Real Estate Finance by 52.9% during the fourth quarter. Clayton Partners LLC now owns 211,000 shares of the company’s stock valued at $2,587,000 after acquiring an additional 73,037 shares during the period. Institutional investors and hedge funds own 25.48% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Atlantic Securities set a $16.00 target price on Chicago Atlantic Real Estate Finance in a research note 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 report on Tuesday, August 11th. Zacks Research downgraded shares of Chicago Atlantic Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Citizens Jmp lowered their price objective on shares of Chicago Atlantic Real Estate Finance from $18.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Wednesday, August 12th. Finally, Citigroup reiterated a “market outperform” rating on shares of Chicago Atlantic Real Estate Finance in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Chicago Atlantic Real Estate Finance has an average rating of “Hold” and a consensus target price of $15.33.
View Our Latest Analysis on Chicago Atlantic Real Estate Finance
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.
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