Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Short Interest Update

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 680,117 shares, a growth of 32.9% from the December 15th total of 511,908 shares. Based on an average daily volume of 189,431 shares, the short-interest ratio is currently 3.6 days. Approximately 3.5% of the company’s stock are short sold. Approximately 3.5% of the company’s stock are short sold. Based on an average daily volume of 189,431 shares, the short-interest ratio is currently 3.6 days.

Chicago Atlantic Real Estate Finance Stock Down 1.1%

REFI stock traded down $0.14 during midday trading on Friday, hitting $12.55. 115,374 shares of the company traded hands, compared to its average volume of 152,546. Chicago Atlantic Real Estate Finance has a twelve month low of $11.85 and a twelve month high of $16.27. The business has a 50 day simple moving average of $12.67 and a 200-day simple moving average of $13.17. The stock has a market capitalization of $264.55 million, a price-to-earnings ratio of 7.43 and a beta of 0.22.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Chicago Atlantic Real Estate Finance had a net margin of 64.78% and a return on equity of 11.94%. The business had revenue of $13.69 million during the quarter, compared to analysts’ expectations of $13.97 million. Equities research analysts forecast that Chicago Atlantic Real Estate Finance will post 1.9 EPS for the current year.

Chicago Atlantic Real Estate Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 15.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is currently 111.24%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in shares of Chicago Atlantic Real Estate Finance in the first quarter valued at approximately $186,000. Strs Ohio acquired a new position in Chicago Atlantic Real Estate Finance during the 1st quarter valued at $47,000. Sage Mountain Advisors LLC raised its stake in Chicago Atlantic Real Estate Finance by 5.4% during the 2nd quarter. Sage Mountain Advisors LLC now owns 163,808 shares of the company’s stock valued at $2,287,000 after purchasing an additional 8,400 shares during the last quarter. Fielder Capital Group LLC boosted its holdings in Chicago Atlantic Real Estate Finance by 2.6% in the 2nd quarter. Fielder Capital Group LLC now owns 771,503 shares of the company’s stock valued at $10,770,000 after purchasing an additional 19,883 shares during the period. Finally, Penserra Capital Management LLC boosted its holdings in Chicago Atlantic Real Estate Finance by 1.5% in the 2nd quarter. Penserra Capital Management LLC now owns 70,742 shares of the company’s stock valued at $987,000 after purchasing an additional 1,079 shares during the period. 25.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

REFI has been the subject of several recent research reports. Oppenheimer set a $14.00 price target on Chicago Atlantic Real Estate Finance in a research note on Thursday, November 6th. Zacks Research raised shares of Chicago Atlantic Real Estate Finance from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Chicago Atlantic Real Estate Finance in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Chicago Atlantic Real Estate Finance has a consensus rating of “Hold” and an average 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.