Corient Private Wealth LLC Sells 47,253 Shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Corient Private Wealth LLC decreased its stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 16.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,913 shares of the company’s stock after selling 47,253 shares during the period. Corient Private Wealth LLC owned 1.22% of Chicago Atlantic Real Estate Finance worth $3,699,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in Chicago Atlantic Real Estate Finance by 169.2% during the third quarter. JPMorgan Chase & Co. now owns 34,074 shares of the company’s stock worth $528,000 after purchasing an additional 21,415 shares during the period. State Street Corp grew its holdings in Chicago Atlantic Real Estate Finance by 15.1% during the third quarter. State Street Corp now owns 400,790 shares of the company’s stock worth $6,403,000 after purchasing an additional 52,497 shares during the period. Magnus Financial Group LLC bought a new position in Chicago Atlantic Real Estate Finance during the fourth quarter worth about $508,000. Barclays PLC grew its holdings in Chicago Atlantic Real Estate Finance by 271.9% during the third quarter. Barclays PLC now owns 22,143 shares of the company’s stock worth $343,000 after purchasing an additional 16,189 shares during the period. Finally, Catalina Capital Group LLC bought a new position in Chicago Atlantic Real Estate Finance during the fourth quarter worth about $253,000. Institutional investors own 25.48% of the company’s stock.

Chicago Atlantic Real Estate Finance Stock Down 0.1 %

Shares of NASDAQ:REFI opened at $15.39 on Friday. Chicago Atlantic Real Estate Finance, Inc. has a 12-month low of $14.82 and a 12-month high of $16.47. The stock has a market cap of $321.56 million, a PE ratio of 7.70 and a beta of 0.22. The business has a 50 day moving average of $15.65 and a 200-day moving average of $15.70.

Chicago Atlantic Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.22%. Chicago Atlantic Real Estate Finance’s payout ratio is 100.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Alliance Global Partners assumed coverage on Chicago Atlantic Real Estate Finance in a report on Tuesday, December 17th. They set a “buy” rating and a $20.00 price objective for the company. JMP Securities restated a “market outperform” rating and set a $20.00 price objective on shares of Chicago Atlantic Real Estate Finance in a report on Thursday, December 19th.

Chicago Atlantic Real Estate Finance Profile

Chicago Atlantic Real Estate Finance, Inc operates as a commercial real estate finance company in the United States. The company engages in originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its portfolio primarily includes offers senior loans to state-licensed operators in the cannabis industry.