SlateStone Wealth LLC Takes Position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

SlateStone Wealth LLC bought a new stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,416 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors have also bought and sold shares of the company. Lindbrook Capital LLC lifted its stake in shares of Chicago Atlantic Real Estate Finance by 109.0% in the 4th quarter. Lindbrook Capital LLC now owns 4,738 shares of the company’s stock valued at $77,000 after purchasing an additional 2,471 shares during the period. SG Americas Securities LLC acquired a new position in Chicago Atlantic Real Estate Finance in the third quarter valued at approximately $105,000. Nisa Investment Advisors LLC boosted its holdings in shares of Chicago Atlantic Real Estate Finance by 38.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 9,074 shares of the company’s stock worth $147,000 after buying an additional 2,500 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Chicago Atlantic Real Estate Finance during the 3rd quarter worth approximately $187,000. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Chicago Atlantic Real Estate Finance by 13.1% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 16,516 shares of the company’s stock valued at $243,000 after acquiring an additional 1,913 shares in the last quarter. Institutional investors own 25.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities restated a “market outperform” rating and issued a $20.00 price target on shares of Chicago Atlantic Real Estate Finance in a report on Wednesday, March 13th.

Chicago Atlantic Real Estate Finance Stock Performance

Chicago Atlantic Real Estate Finance stock traded down $0.04 during mid-day trading on Wednesday, reaching $15.64. The stock had a trading volume of 16,131 shares, compared to its average volume of 91,041. Chicago Atlantic Real Estate Finance, Inc. has a fifty-two week low of $13.67 and a fifty-two week high of $17.65. The stock’s 50-day simple moving average is $15.89 and its 200-day simple moving average is $15.66. The firm has a market capitalization of $284.65 million, a PE ratio of 7.40 and a beta of 0.22.

Chicago Atlantic Real Estate Finance Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.88 annualized dividend and a yield of 12.02%. Chicago Atlantic Real Estate Finance’s payout ratio is 88.68%.

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.