John Mazarakis Purchases 40,181 Shares of Chicago Atlantic Real Estate Finance (NASDAQ:REFI) Stock

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Chairman John Mazarakis bought 40,181 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was bought at an average cost of $10.67 per share, for a total transaction of $428,731.27. Following the completion of the transaction, the chairman directly owned 519,032 shares of the company’s stock, valued at approximately $5,538,071.44. The trade was a 8.39% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

John Mazarakis also recently made the following trade(s):

• On Thursday, August 27th, John Mazarakis bought 7,530 shares of Chicago Atlantic Real Estate Finance stock. The stock was bought at an average price of $10.67 per share, with a total value of $80,345.10.
• On Friday, August 21st, John Mazarakis purchased 145 shares of Chicago Atlantic Real Estate Finance stock. The shares were bought at an average cost of $10.67 per share, with a total value of $1,547.15.
• On Monday, August 17th, John Mazarakis purchased 25,000 shares of Chicago Atlantic Real Estate Finance stock. The stock was bought at an average price of $10.25 per share, for a total transaction of $256,250.00.

Chicago Atlantic Real Estate Finance Stock Up 0.1%

Shares of REFI opened at $10.68 on Friday. Chicago Atlantic Real Estate Finance, Inc. has a fifty-two week low of $9.69 and a fifty-two week high of $14.57. The company’s fifty day moving average is $10.50 and its two-hundred day moving average is $11.30. The firm has a market cap of $273.62 million, a PE ratio of 7.80 and a beta of 0.24.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.43 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 analyst estimates of $14.17 million. Chicago Atlantic Real Estate Finance had a return on equity of 11.53% and a net margin of 54.57%. As a group, equities research analysts anticipate 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 company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.88 annualized dividend and a yield of 17.6%. Chicago Atlantic Real Estate Finance’s dividend payout ratio is currently 137.23%.

Analyst Ratings Changes

REFI has been the topic of a number of research reports. Citigroup restated a “market outperform” rating on shares of Chicago Atlantic Real Estate Finance in a report on Wednesday, August 12th. Citizens Jmp dropped 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. Weiss Ratings upgraded shares of Chicago Atlantic Real Estate Finance from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Zacks Research cut shares of Chicago Atlantic Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.33.

Institutional Investors Weigh In On Chicago Atlantic Real Estate Finance

A number of large investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its holdings in shares of Chicago Atlantic Real Estate Finance by 178.4% during the 2nd quarter. California State Teachers Retirement System now owns 2,734 shares of the company’s stock valued at $29,000 after buying an additional 1,752 shares during the period. Strs Ohio acquired a new stake in Chicago Atlantic Real Estate Finance in the first quarter valued at approximately $47,000. Russell Investments Group Ltd. grew its position in Chicago Atlantic Real Estate Finance by 29.2% in the second 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 in the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Chicago Atlantic Real Estate Finance during the fourth quarter valued at approximately $53,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Chicago Atlantic Real Estate Finance by 290.3% during the first quarter. PNC Financial Services Group Inc. now owns 6,183 shares of the company’s stock valued at $70,000 after purchasing an additional 4,599 shares during the period. Institutional investors and hedge funds 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.