Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Get Free Report) Chairman John Mazarakis bought 25,000 shares of the stock in a transaction dated Monday, August 17th. The stock was purchased at an average cost of $10.25 per share, for a total transaction of $256,250.00. Following the acquisition, the chairman owned 478,706 shares of the company’s stock, valued at approximately $4,906,736.50. This represents a 5.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Chicago Atlantic Real Estate Finance Stock Up 0.2%
Shares of Chicago Atlantic Real Estate Finance stock opened at $10.61 on Friday. The firm has a market cap of $271.83 million, a price-to-earnings ratio of 7.74 and a beta of 0.24. Chicago Atlantic Real Estate Finance, Inc. has a 52-week low of $9.69 and a 52-week high of $14.57. The company’s 50-day simple moving average is $10.56 and its 200-day simple moving average is $11.36.
Chicago Atlantic Real Estate Finance (NASDAQ:REFI – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.05). Chicago Atlantic Real Estate Finance had a net margin of 54.57% and a return on equity of 11.53%. The firm had revenue of $12.61 million during the quarter, compared to analyst estimates of $14.17 million. Equities research analysts anticipate that Chicago Atlantic Real Estate Finance, Inc. will post 1.72 EPS for the current year.
Chicago Atlantic Real Estate Finance Announces Dividend
Analyst Ratings Changes
Several research analysts have issued reports on REFI shares. Weiss Ratings upgraded Chicago Atlantic Real Estate Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Zacks Research lowered shares of Chicago Atlantic Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Atlantic Securities set a $16.00 price target on shares of Chicago Atlantic Real Estate Finance in a report on Wednesday, August 12th. Citizens Jmp reduced their price objective on shares of 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, Citigroup reissued a “market outperform” rating on shares of Chicago Atlantic Real Estate Finance in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.33.
Read Our Latest Report on REFI
Institutional Trading of Chicago Atlantic Real Estate Finance
Large investors have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its stake in shares of Chicago Atlantic Real Estate Finance by 29.2% during the second quarter. Russell Investments Group Ltd. now owns 3,552 shares of the company’s stock worth $50,000 after purchasing an additional 803 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of Chicago Atlantic Real Estate Finance by 1.0% in the fourth quarter. Osaic Holdings Inc. now owns 84,478 shares of the company’s stock valued at $1,036,000 after buying an additional 862 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Chicago Atlantic Real Estate Finance by 1.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 49,895 shares of the company’s stock valued at $612,000 after buying an additional 897 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Chicago Atlantic Real Estate Finance by 4.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,275 shares of the company’s stock valued at $325,000 after buying an additional 1,031 shares during the period. Finally, Geode Capital Management LLC lifted its position in Chicago Atlantic Real Estate Finance by 8.5% during the 2nd quarter. Geode Capital Management LLC now owns 18,367 shares of the company’s stock worth $257,000 after acquiring an additional 1,446 shares in the last quarter. 25.48% of the stock is currently owned by institutional investors and hedge funds.
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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