Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Get Free Report) Chairman John Mazarakis bought 40,181 shares of the stock in a transaction dated Wednesday, August 26th. The shares were acquired at an average price of $10.67 per share, with a total value of $428,731.27. Following the completion of the purchase, the chairman directly owned 519,032 shares of the company’s stock, valued at approximately $5,538,071.44. This represents a 8.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
John Mazarakis also recently made the following trade(s):
- On Thursday, August 27th, John Mazarakis bought 7,530 shares of Chicago Atlantic Real Estate Finance stock. The shares were acquired at an average cost of $10.67 per share, for a total transaction of $80,345.10.
- On Friday, August 21st, John Mazarakis purchased 145 shares of Chicago Atlantic Real Estate Finance stock. The stock was acquired at an average price of $10.67 per share, for a total transaction of $1,547.15.
- On Monday, August 17th, John Mazarakis purchased 25,000 shares of Chicago Atlantic Real Estate Finance stock. The stock was acquired at an average cost of $10.25 per share, with a total value of $256,250.00.
Chicago Atlantic Real Estate Finance Trading Up 0.3%
NASDAQ REFI traded up $0.03 during mid-day trading on Friday, reaching $10.70. 129,789 shares of the company’s stock traded hands, compared to its average volume of 158,633. Chicago Atlantic Real Estate Finance, Inc. has a 1-year low of $9.69 and a 1-year high of $14.57. The company has a fifty day simple moving average of $10.52 and a 200-day simple moving average of $11.31. The company has a market cap of $274.14 million, a price-to-earnings ratio of 7.81 and a beta of 0.24.
Chicago Atlantic Real Estate Finance Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.88 annualized dividend and a yield of 17.6%. Chicago Atlantic Real Estate Finance’s dividend payout ratio is currently 137.23%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on REFI. Citizens Jmp cut their target price 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 note on Wednesday, August 12th. Weiss Ratings raised Chicago Atlantic Real Estate Finance from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Zacks Research cut Chicago Atlantic Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Citigroup restated a “market outperform” rating on shares of Chicago Atlantic Real Estate Finance in a research note on Wednesday, August 12th. Finally, Atlantic Securities set a $16.00 price target on Chicago Atlantic Real Estate Finance in a research report on Wednesday, August 12th. Two 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 a consensus rating of “Hold” and an average target price of $15.33.
Check Out Our Latest Research Report on Chicago Atlantic Real Estate Finance
Hedge Funds Weigh In On Chicago Atlantic Real Estate Finance
Institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System raised its position in shares of Chicago Atlantic Real Estate Finance by 178.4% during the 2nd quarter. California State Teachers Retirement System now owns 2,734 shares of the company’s stock worth $29,000 after purchasing an additional 1,752 shares during the period. Strs Ohio bought a new stake in shares of Chicago Atlantic Real Estate Finance in the 1st quarter worth approximately $47,000. Russell Investments Group Ltd. boosted its position in Chicago Atlantic Real Estate Finance by 29.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,552 shares of the company’s stock valued at $50,000 after purchasing an additional 803 shares during the period. Garton & Associates Financial Advisors LLC acquired a new position in Chicago Atlantic Real Estate Finance during the 4th quarter valued at approximately $53,000. Finally, PNC Financial Services Group Inc. grew its stake in Chicago Atlantic Real Estate Finance by 290.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,183 shares of the company’s stock worth $70,000 after buying an additional 4,599 shares during the last quarter. 25.48% of the stock is owned by institutional investors.
About Chicago Atlantic Real Estate Finance
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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