Clayton Partners LLC Boosts Stock Position in Chicago Atlantic Real Estate Finance, Inc. $REFI

Clayton Partners LLC boosted its holdings in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 52.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 211,000 shares of the company’s stock after buying an additional 73,037 shares during the quarter. Chicago Atlantic Real Estate Finance makes up about 1.8% of Clayton Partners LLC’s holdings, making the stock its 25th largest position. Clayton Partners LLC owned 1.00% of Chicago Atlantic Real Estate Finance worth $2,587,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Deutsche Bank AG increased its holdings in Chicago Atlantic Real Estate Finance by 35.5% in the fourth quarter. Deutsche Bank AG now owns 12,954 shares of the company’s stock valued at $159,000 after buying an additional 3,397 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in Chicago Atlantic Real Estate Finance in the third quarter valued at $136,000. Vivaldi Capital Management LP purchased a new position in Chicago Atlantic Real Estate Finance in the fourth quarter valued at $124,000. BNP Paribas Financial Markets increased its holdings in Chicago Atlantic Real Estate Finance by 63.9% in the second quarter. BNP Paribas Financial Markets now owns 8,111 shares of the company’s stock valued at $113,000 after buying an additional 3,163 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Chicago Atlantic Real Estate Finance by 3,041.1% in the second quarter. EverSource Wealth Advisors LLC now owns 6,722 shares of the company’s stock valued at $94,000 after buying an additional 6,508 shares during the last quarter. Hedge funds and other institutional investors own 25.48% of the company’s stock.

Chicago Atlantic Real Estate Finance Stock Performance

Shares of REFI opened at $11.11 on Thursday. Chicago Atlantic Real Estate Finance, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $14.59. The company has a market capitalization of $235.64 million, a price-to-earnings ratio of 7.72 and a beta of 0.23. The firm has a 50-day simple moving average of $11.56 and a 200-day simple moving average of $12.05.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) last announced its earnings results on Thursday, May 7th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). Chicago Atlantic Real Estate Finance had a return on equity of 11.98% and a net margin of 55.54%.The business had revenue of $12.92 million for the quarter, compared to analyst estimates of $13.69 million. Equities research analysts forecast that Chicago Atlantic Real Estate Finance, Inc. will post 1.72 EPS for the current year.

Chicago Atlantic Real Estate Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.47 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 16.9%. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is presently 130.56%.

Analyst Upgrades and Downgrades

Several research firms recently commented on REFI. Zacks Research lowered Chicago Atlantic Real Estate Finance from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Oppenheimer downgraded shares of Chicago Atlantic Real Estate Finance from an “outperform” rating to a “market perform” rating in a research note on Monday, March 16th. Finally, Weiss Ratings downgraded shares of Chicago Atlantic Real Estate Finance from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $14.00.

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.