Chicago Atlantic Real Estate Finance (NASDAQ:REFI) Stock Rating Upgraded by Zacks Research

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

Separately, Oppenheimer cut shares of Chicago Atlantic Real Estate Finance from an “outperform” rating to a “market perform” rating in a report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Chicago Atlantic Real Estate Finance Price Performance

NASDAQ:REFI opened at $12.34 on Thursday. The business’s 50-day simple moving average is $12.23 and its 200-day simple moving average is $12.67. Chicago Atlantic Real Estate Finance has a fifty-two week low of $11.62 and a fifty-two week high of $15.49. The stock has a market capitalization of $260.13 million, a PE ratio of 7.35 and a beta of 0.22.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) last posted its earnings results on Thursday, March 12th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $14.24 million during the quarter, compared to analysts’ expectations of $14.20 million. Chicago Atlantic Real Estate Finance had a return on equity of 11.94% and a net margin of 65.01%. On average, research analysts expect that Chicago Atlantic Real Estate Finance will post 1.9 earnings per share for the current year.

Institutional Investors Weigh In On Chicago Atlantic Real Estate Finance

Institutional investors have recently bought and sold shares of the company. Clayton Partners LLC acquired a new position in Chicago Atlantic Real Estate Finance during the 3rd quarter worth approximately $1,765,000. Jane Street Group LLC bought a new position in shares of Chicago Atlantic Real Estate Finance during the 4th quarter worth approximately $747,000. Fielder Capital Group LLC raised its holdings in shares of Chicago Atlantic Real Estate Finance by 4.9% in the third quarter. Fielder Capital Group LLC now owns 809,425 shares of the company’s stock valued at $10,353,000 after purchasing an additional 37,922 shares during the last quarter. Rothschild Wealth LLC acquired a new stake in shares of Chicago Atlantic Real Estate Finance in the fourth quarter valued at approximately $447,000. Finally, Millennium Management LLC lifted its position in shares of Chicago Atlantic Real Estate Finance by 16.9% in the third quarter. Millennium Management LLC now owns 184,697 shares of the company’s stock worth $2,362,000 after purchasing an additional 26,751 shares in the last quarter. Institutional investors own 25.48% of the company’s stock.

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.