Chicago Atlantic Real Estate Finance (NASDAQ:REFI) Chairman Purchases $428,731.27 in Stock

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Chairman John Mazarakis purchased 40,181 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were purchased at an average cost of $10.67 per share, for a total transaction of $428,731.27. Following the transaction, the chairman owned 519,032 shares of the company’s stock, valued at $5,538,071.44. This trade represents a 8.39% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, August 27th, John Mazarakis acquired 7,530 shares of Chicago Atlantic Real Estate Finance stock. The stock was purchased at an average price of $10.67 per share, with a total value of $80,345.10.
• On Friday, August 21st, John Mazarakis acquired 145 shares of Chicago Atlantic Real Estate Finance stock. The stock was purchased at an average cost of $10.67 per share, with a total value of $1,547.15.
• On Monday, August 17th, John Mazarakis bought 25,000 shares of Chicago Atlantic Real Estate Finance stock. The shares were acquired at an average price of $10.25 per share, for a total transaction of $256,250.00.

Chicago Atlantic Real Estate Finance Price Performance

Shares of Chicago Atlantic Real Estate Finance stock opened at $10.68 on Monday. The firm’s fifty day simple moving average is $10.50 and its 200-day simple moving average is $11.30. The stock has a market capitalization of $273.63 million, a price-to-earnings ratio of 7.80 and a beta of 0.24. Chicago Atlantic Real Estate Finance, Inc. has a 12 month low of $9.69 and a 12 month high of $14.57.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) last released 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). Chicago Atlantic Real Estate Finance had a net margin of 54.57% and a return on equity of 11.53%. The business had revenue of $12.61 million during the quarter, compared to analysts’ expectations of $14.17 million. Analysts anticipate that Chicago Atlantic Real Estate Finance, Inc. will post 1.72 earnings per share for the current year.

Chicago Atlantic Real Estate Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 17.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Chicago Atlantic Real Estate Finance’s dividend payout ratio is presently 137.23%.

Wall Street Analysts Forecast Growth

A number of equities 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. Citigroup reaffirmed a “market outperform” rating on shares of Chicago Atlantic Real Estate Finance in a research note on Wednesday, August 12th. Citizens Jmp decreased 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. Atlantic Securities set a $16.00 target price on Chicago Atlantic Real Estate Finance in a research note on Wednesday, August 12th. Finally, Zacks Research lowered Chicago Atlantic Real Estate Finance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Chicago Atlantic Real Estate Finance has a consensus rating of “Hold” and an average price target of $15.33.

Institutional Trading of Chicago Atlantic Real Estate Finance

Hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System raised its holdings in Chicago Atlantic Real Estate Finance by 178.4% during the second 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 in the last quarter. Strs Ohio purchased a new stake in Chicago Atlantic Real Estate Finance in the 1st quarter valued at approximately $47,000. Russell Investments Group Ltd. increased 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 worth $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 worth approximately $53,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 25.48% of the company’s stock.

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.