Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Get Free Report) Chairman John Mazarakis bought 7,530 shares of the firm's stock in a transaction dated Thursday, August 27th. The stock was bought at an average cost of $10.67 per share, with a total value of $80,345.10. Following the transaction, the chairman directly owned 526,562 shares of the company's stock, valued at approximately $5,618,416.54. This trade represents a 1.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
John Mazarakis also recently made the following trade(s):
- On Wednesday, August 26th, John Mazarakis bought 40,181 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 $428,731.27.
- On Friday, August 21st, John Mazarakis bought 145 shares of Chicago Atlantic Real Estate Finance stock. The shares were bought at an average price of $10.67 per share, for a total transaction of $1,547.15.
- On Monday, August 17th, John Mazarakis acquired 25,000 shares of Chicago Atlantic Real Estate Finance stock. The shares were purchased 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%
REFI opened at $10.68 on Friday. The firm's 50 day moving average is $10.50 and its 200-day moving average is $11.30. Chicago Atlantic Real Estate Finance, Inc. has a 52-week low of $9.69 and a 52-week high of $14.57. The firm has a market capitalization of $273.62 million, a P/E ratio of 7.80 and a beta of 0.24.
Chicago Atlantic Real Estate Finance (NASDAQ:REFI - Get Free Report) last announced its earnings results 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). The firm had revenue of $12.61 million during the quarter, compared to analysts' expectations of $14.17 million. Chicago Atlantic Real Estate Finance had a net margin of 54.57% and a return on equity of 11.53%. Equities analysts expect that Chicago Atlantic Real Estate Finance, Inc. will post 1.72 earnings per share for the current fiscal year.
Chicago Atlantic Real Estate Finance Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.47 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 17.6%. Chicago Atlantic Real Estate Finance's payout ratio is currently 137.23%.
Analysts Set New Price Targets
Several brokerages have recently weighed in on REFI. 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. Zacks Research cut Chicago Atlantic Real Estate Finance from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Citizens Jmp reduced their price target on Chicago Atlantic Real Estate Finance from $18.00 to $16.00 and set a "market outperform" rating for the company in a report on Wednesday, August 12th. Citigroup restated a "market outperform" rating on shares of Chicago Atlantic Real Estate Finance in a research note on Wednesday, August 12th. Finally, Atlantic Securities set a $16.00 price objective on Chicago Atlantic Real Estate Finance in a report 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 MarketBeat, the company currently has an average rating of "Hold" and an average target price of $15.33.
Get Our Latest Analysis on Chicago Atlantic Real Estate Finance
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of REFI. BlackRock Inc. acquired a new stake in shares of Chicago Atlantic Real Estate Finance during the 2nd quarter valued at approximately $18,428,000. Fielder Capital Group LLC acquired a new position in Chicago Atlantic Real Estate Finance in the second quarter worth $10,530,000. Vanguard Group Inc. boosted its holdings in Chicago Atlantic Real Estate Finance by 2.1% in the third quarter. Vanguard Group Inc. now owns 940,997 shares of the company's stock worth $12,035,000 after purchasing an additional 19,227 shares during the period. Clayton Partners LLC increased its stake in Chicago Atlantic Real Estate Finance by 52.9% during the fourth quarter. Clayton Partners LLC now owns 211,000 shares of the company's stock valued at $2,587,000 after purchasing an additional 73,037 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in Chicago Atlantic Real Estate Finance by 5.0% during the third quarter. Van ECK Associates Corp now owns 198,812 shares of the company's stock valued at $2,543,000 after purchasing an additional 9,426 shares during the last quarter. Institutional investors own 25.48% of the company's stock.
Chicago Atlantic Real Estate Finance Company Profile
(
Get Free Report)
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.
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