Chicago Atlantic Real Estate Finance (NASDAQ:REFI) CEO Anthony Cappell Purchases 45,000 Shares of Stock

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) CEO Anthony Cappell purchased 45,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was acquired at an average cost of $10.40 per share, with a total value of $468,000.00. Following the purchase, the chief executive officer directly owned 466,706 shares of the company’s stock, valued at $4,853,742.40. This trade represents a 10.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Chicago Atlantic Real Estate Finance Trading Up 2.1%

Shares of REFI opened at $10.59 on Thursday. Chicago Atlantic Real Estate Finance, Inc. has a 1-year low of $9.69 and a 1-year high of $14.57. The firm’s 50-day moving average price is $10.58 and its 200-day moving average price is $11.37. The firm has a market capitalization of $271.32 million, a price-to-earnings ratio of 7.73 and a beta of 0.24.

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

Chicago Atlantic Real Estate Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.88 annualized dividend and a yield of 17.8%. Chicago Atlantic Real Estate Finance’s payout ratio is presently 137.23%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Chicago Atlantic Real Estate Finance

Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew 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 purchasing an additional 803 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Chicago Atlantic Real Estate Finance by 1.0% during the fourth quarter. Osaic Holdings Inc. now owns 84,478 shares of the company’s stock valued at $1,036,000 after buying an additional 862 shares during the period. Commonwealth Equity Services LLC increased its position in Chicago Atlantic Real Estate Finance by 1.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 49,895 shares of the company’s stock valued at $612,000 after purchasing an additional 897 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Chicago Atlantic Real Estate Finance by 4.6% during the second quarter. The Manufacturers Life Insurance Company now owns 23,275 shares of the company’s stock valued at $325,000 after buying an additional 1,031 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Chicago Atlantic Real Estate Finance by 8.5% in the 2nd quarter. Geode Capital Management LLC now owns 18,367 shares of the company’s stock valued at $257,000 after acquiring an additional 1,446 shares during the period. 25.48% of the stock is owned by institutional investors.

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.