Chicago Atlantic Real Estate Finance (NASDAQ:REFI) Upgraded at Zacks Research

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Other analysts also recently issued reports about the company. Weiss Ratings downgraded Chicago Atlantic Real Estate Finance from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 16th. Oppenheimer downgraded Chicago Atlantic Real Estate Finance from an “outperform” rating to a “market perform” rating in a research note on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $14.00.

Chicago Atlantic Real Estate Finance Stock Performance

Shares of NASDAQ REFI opened at $10.73 on Monday. The company has a market capitalization of $227.58 million, a P/E ratio of 7.45 and a beta of 0.23. Chicago Atlantic Real Estate Finance has a 52-week low of $10.56 and a 52-week high of $14.57. The company’s 50 day moving average price is $11.33 and its 200-day moving average price is $11.86.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) last posted its quarterly earnings data 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 firm had revenue of $12.92 million for the quarter, compared to analyst estimates of $13.69 million. Analysts forecast that Chicago Atlantic Real Estate Finance will post 1.72 earnings per share for the current year.

Institutional Trading of Chicago Atlantic Real Estate Finance

Several large investors have recently made changes to their positions in REFI. Strs Ohio bought a new stake in Chicago Atlantic Real Estate Finance in the 1st quarter valued at about $47,000. Russell Investments Group Ltd. boosted its holdings in Chicago Atlantic Real Estate Finance by 29.2% in the second quarter. Russell Investments Group Ltd. now owns 3,552 shares of the company’s stock worth $50,000 after acquiring an additional 803 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in Chicago Atlantic Real Estate Finance in the fourth quarter valued at approximately $53,000. PNC Financial Services Group Inc. grew its stake in Chicago Atlantic Real Estate Finance by 290.3% in the first quarter. PNC Financial Services Group Inc. now owns 6,183 shares of the company’s stock valued at $70,000 after acquiring an additional 4,599 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Chicago Atlantic Real Estate Finance by 3,041.1% during the second quarter. EverSource Wealth Advisors LLC now owns 6,722 shares of the company’s stock valued at $94,000 after acquiring an additional 6,508 shares in the last quarter. 25.48% of the stock is currently owned by institutional investors and hedge funds.

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.