Chicago Atlantic Real Estate Finance (NASDAQ:REFI) CEO Peter Sack Buys 1,500 Shares of Stock

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFIGet Free Report) CEO Peter Sack purchased 1,500 shares of the stock in a transaction dated Tuesday, August 18th. The stock was purchased at an average cost of $10.43 per share, for a total transaction of $15,645.00. Following the completion of the purchase, the chief executive officer directly owned 119,856 shares of the company’s stock, valued at approximately $1,250,098.08. The trade was a 1.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Peter Sack also recently made the following trade(s):

  • On Wednesday, August 19th, Peter Sack bought 3,500 shares of Chicago Atlantic Real Estate Finance stock. The shares were acquired at an average cost of $10.45 per share, with a total value of $36,575.00.

Chicago Atlantic Real Estate Finance Price Performance

REFI traded up $0.08 on Friday, reaching $10.69. 102,355 shares of the company’s stock were exchanged, compared to its average volume of 158,440. The stock has a market cap of $273.88 million, a PE ratio of 7.80 and a beta of 0.24. The stock’s fifty day moving average price is $10.56 and its 200-day moving average price is $11.36. Chicago Atlantic Real Estate Finance, Inc. has a twelve month low of $9.69 and a twelve month high of $14.57.

Chicago Atlantic Real Estate Finance (NASDAQ:REFIGet Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.05). The company had revenue of $12.61 million during 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%. As a group, research analysts predict 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

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

Analyst Ratings Changes

REFI has been the subject of a number of recent analyst reports. 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 lowered Chicago Atlantic Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Citizens Jmp cut their price objective on Chicago Atlantic Real Estate Finance from $18.00 to $16.00 and set a “market outperform” rating for the company in a research report on Wednesday, August 12th. Citigroup reaffirmed a “market outperform” rating on shares of Chicago Atlantic Real Estate Finance in a research report on Wednesday, August 12th. Finally, Atlantic Securities set a $16.00 price target on shares of Chicago Atlantic Real Estate Finance in a research report on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $15.33.

View Our Latest Report on REFI

Hedge Funds Weigh In On Chicago Atlantic Real Estate Finance

Several hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its position in Chicago Atlantic Real Estate Finance by 29.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,552 shares of the company’s stock valued at $50,000 after acquiring an additional 803 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Chicago Atlantic Real Estate Finance by 1.0% during the fourth quarter. Osaic Holdings Inc. now owns 84,478 shares of the company’s stock worth $1,036,000 after purchasing an additional 862 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Chicago Atlantic Real Estate Finance by 1.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 49,895 shares of the company’s stock worth $612,000 after purchasing an additional 897 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Chicago Atlantic Real Estate Finance by 4.6% in the second quarter. The Manufacturers Life Insurance Company now owns 23,275 shares of the company’s stock valued at $325,000 after purchasing an additional 1,031 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Chicago Atlantic Real Estate Finance by 8.5% in the second quarter. Geode Capital Management LLC now owns 18,367 shares of the company’s stock valued at $257,000 after purchasing an additional 1,446 shares during the period. Institutional investors and hedge funds own 25.48% of the company’s stock.

Chicago Atlantic Real Estate Finance Company Profile

(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.

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Insider Buying and Selling by Quarter for Chicago Atlantic Real Estate Finance (NASDAQ:REFI)

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