Peter Sack Acquires 8,150 Shares of Chicago Atlantic Real Estate Finance (NASDAQ:REFI) Stock

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) CEO Peter Sack purchased 8,150 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The shares were bought at an average cost of $12.43 per share, with a total value of $101,304.50. Following the transaction, the chief executive officer directly owned 81,257 shares of the company’s stock, valued at approximately $1,010,024.51. This represents a 11.15% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Chicago Atlantic Real Estate Finance Trading Up 6.2%

REFI stock opened at $13.22 on Friday. Chicago Atlantic Real Estate Finance, Inc. has a twelve month low of $12.00 and a twelve month high of $16.29. The company has a market capitalization of $278.61 million, a P/E ratio of 7.22 and a beta of 0.21. The firm has a 50 day simple moving average of $13.49 and a 200-day simple moving average of $13.90.

Chicago Atlantic Real Estate Finance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 14.2%. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is presently 102.73%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Chicago Atlantic Real Estate Finance in a research report on Wednesday, October 8th. Zacks Research raised shares of Chicago Atlantic Real Estate Finance from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Hedge Funds Weigh In On Chicago Atlantic Real Estate Finance

Several large investors have recently added to or reduced their stakes in the company. CWM LLC lifted its stake in Chicago Atlantic Real Estate Finance by 79.3% during the third quarter. CWM LLC now owns 2,160 shares of the company’s stock worth $28,000 after purchasing an additional 955 shares during the last quarter. Doliver Advisors LP lifted its stake in Chicago Atlantic Real Estate Finance by 28.8% in the third quarter. Doliver Advisors LP now owns 103,758 shares of the company’s stock valued at $1,327,000 after buying an additional 23,170 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Chicago Atlantic Real Estate Finance by 6.8% during the second quarter. Tidal Investments LLC now owns 32,737 shares of the company’s stock valued at $457,000 after purchasing an additional 2,078 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Chicago Atlantic Real Estate Finance by 63.9% during the second quarter. BNP Paribas Financial Markets now owns 8,111 shares of the company’s stock valued at $113,000 after purchasing an additional 3,163 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Chicago Atlantic Real Estate Finance by 4.6% during the second quarter. The Manufacturers Life Insurance Company now owns 23,275 shares of the company’s stock valued at $325,000 after purchasing an additional 1,031 shares in the last quarter. 25.48% of the stock is currently owned by institutional investors.

Chicago Atlantic Real Estate Finance Company 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.