John Mazarakis Buys 7,530 Shares of Chicago Atlantic Real Estate Finance (NASDAQ:REFI) Stock

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Chairman John Mazarakis purchased 7,530 shares of the stock in a transaction dated Thursday, August 27th. The stock was acquired at an average cost of $10.67 per share, for a total transaction of $80,345.10. Following the completion of the transaction, the chairman owned 526,562 shares of the company’s stock, valued at $5,618,416.54. The trade was a 1.45% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

John Mazarakis also recently made the following trade(s):

• On Wednesday, August 26th, John Mazarakis acquired 40,181 shares of Chicago Atlantic Real Estate Finance stock. The shares were acquired at an average cost of $10.67 per share, with a total value of $428,731.27.
• On Friday, August 21st, John Mazarakis bought 145 shares of Chicago Atlantic Real Estate Finance stock. The stock was acquired at an average cost 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, for a total transaction of $256,250.00.

Chicago Atlantic Real Estate Finance Stock Up 0.1%

Shares of NASDAQ REFI opened at $10.68 on Friday. Chicago Atlantic Real Estate Finance, Inc. has a 12 month low of $9.69 and a 12 month high of $14.57. The company has a market cap of $273.62 million, a P/E ratio of 7.80 and a beta of 0.24. The business’s 50 day moving average is $10.50 and its two-hundred day moving average is $11.30.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) last released its earnings results on Tuesday, August 11th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $12.61 million during the quarter, compared to the consensus estimate of $14.17 million. Sell-side analysts expect that Chicago Atlantic Real Estate Finance, Inc. will post 1.72 earnings per share for the current fiscal year.

Chicago Atlantic Real Estate Finance Dividend Announcement

The company also recently announced 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. The ex-dividend date was Tuesday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 17.6%. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is 137.23%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on REFI shares. 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. Atlantic Securities set a $16.00 price objective on shares of Chicago Atlantic Real Estate Finance in a report on Wednesday, August 12th. 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 for the company in a research report on Wednesday, August 12th. Zacks Research downgraded shares of Chicago Atlantic Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Citigroup reiterated a “market outperform” rating on shares of 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 company’s stock. According to MarketBeat, Chicago Atlantic Real Estate Finance presently has an average rating of “Hold” and a consensus price target of $15.33.

Hedge Funds Weigh In On Chicago Atlantic Real Estate Finance

Several hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its holdings in Chicago Atlantic Real Estate Finance by 178.4% in the second quarter. California State Teachers Retirement System now owns 2,734 shares of the company’s stock valued at $29,000 after buying an additional 1,752 shares during the period. Empowered Funds LLC acquired a new stake in Chicago Atlantic Real Estate Finance during the 2nd quarter worth $213,000. Corient Private Wealth LP acquired a new stake in Chicago Atlantic Real Estate Finance during the 2nd quarter worth $1,637,000. Bank of America Corp DE bought a new stake in shares of Chicago Atlantic Real Estate Finance during the 2nd quarter valued at $151,000. Finally, Odyssean LLC raised its position in shares of Chicago Atlantic Real Estate Finance by 387.8% during the 2nd quarter. Odyssean LLC now owns 63,292 shares of the company’s stock valued at $678,000 after acquiring an additional 50,317 shares during the last quarter. Institutional investors own 25.48% of the company’s stock.

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.