Odyssean LLC Grows Position in Chicago Atlantic Real Estate Finance, Inc. $REFI

Odyssean LLC boosted its position in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 387.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,292 shares of the company’s stock after purchasing an additional 50,317 shares during the period. Odyssean LLC’s holdings in Chicago Atlantic Real Estate Finance were worth $678,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in shares of Chicago Atlantic Real Estate Finance during the first quarter valued at approximately $186,000. Strs Ohio bought a new stake in shares of Chicago Atlantic Real Estate Finance during the 1st quarter worth approximately $47,000. Geode Capital Management LLC lifted its stake in shares of Chicago Atlantic Real Estate Finance by 8.5% during the 2nd quarter. Geode Capital Management LLC now owns 18,367 shares of the company’s stock worth $257,000 after acquiring an additional 1,446 shares during the last quarter. Rhumbline Advisers boosted its holdings in Chicago Atlantic Real Estate Finance by 12.7% during the 2nd quarter. Rhumbline Advisers now owns 26,513 shares of the company’s stock valued at $370,000 after acquiring an additional 2,993 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Chicago Atlantic Real Estate Finance by 29.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,552 shares of the company’s stock valued at $50,000 after acquiring an additional 803 shares during the period. Institutional investors own 25.48% of the company’s stock.

Analysts Set New Price Targets

REFI has been the topic of a number of recent analyst reports. Atlantic Securities set a $16.00 target price on Chicago Atlantic Real Estate Finance in a research note on Wednesday, August 12th. Zacks Research cut shares of Chicago Atlantic Real Estate Finance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Citizens Jmp reduced their price target on shares of Chicago Atlantic Real Estate Finance from $18.00 to $16.00 and set a “market outperform” rating on the stock in a research note on Wednesday, August 12th. Weiss Ratings raised shares of Chicago Atlantic Real Estate Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, Citigroup reiterated a “market outperform” rating on shares of Chicago Atlantic Real Estate Finance in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.33.

Insiders Place Their Bets

In other Chicago Atlantic Real Estate Finance news, CEO Anthony Cappell purchased 45,000 shares of Chicago Atlantic Real Estate Finance stock in a transaction dated Monday, August 17th. The stock was acquired at an average price of $10.40 per share, for a total transaction of $468,000.00. Following the acquisition, the chief executive officer owned 466,706 shares in the company, valued at $4,853,742.40. This trade represents a 10.67% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John Mazarakis purchased 25,000 shares of the stock in a transaction dated Monday, August 17th. The stock was acquired at an average cost of $10.25 per share, with a total value of $256,250.00. Following the transaction, the chairman directly owned 478,706 shares in the company, valued at approximately $4,906,736.50. This trade represents a 5.51% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 75,145 shares of company stock worth $778,017 in the last three months. Corporate insiders own 6.50% of the company’s stock.

Chicago Atlantic Real Estate Finance Stock Down 1.1%

Shares of NASDAQ REFI opened at $10.68 on Thursday. Chicago Atlantic Real Estate Finance, Inc. has a twelve month low of $9.69 and a twelve month high of $14.57. The firm has a market cap of $273.62 million, a PE ratio of 7.80 and a beta of 0.24. The business has a fifty day simple moving average of $10.53 and a two-hundred day simple moving average of $11.32.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.05). The firm had revenue of $12.61 million for the quarter, compared to the consensus estimate of $14.17 million. Chicago Atlantic Real Estate Finance had a return on equity of 11.53% and a net margin of 54.57%. On average, research analysts expect that Chicago Atlantic Real Estate Finance, Inc. will post 1.72 earnings per share for the current year.

Chicago Atlantic Real Estate Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 17.6%. The ex-dividend date was Tuesday, June 30th. Chicago Atlantic Real Estate Finance’s dividend payout ratio is presently 137.23%.

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.