Posted by Defense World Staff on May 22nd, 2024
Truist Financial Corp grew its stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Free Report) by 22.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,144 shares of the company’s stock after purchasing an additional 3,000 shares during the period. Truist Financial Corp owned approximately 0.09% of Chicago Atlantic Real Estate Finance worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. Commonwealth Equity Services LLC grew its position in shares of Chicago Atlantic Real Estate Finance by 2.5% in the third quarter. Commonwealth Equity Services LLC now owns 34,189 shares of the company’s stock valued at $503,000 after purchasing an additional 821 shares in the last quarter. PBMares Wealth Management LLC grew its position in shares of Chicago Atlantic Real Estate Finance by 5.6% in the fourth quarter. PBMares Wealth Management LLC now owns 31,810 shares of the company’s stock valued at $515,000 after purchasing an additional 1,700 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Chicago Atlantic Real Estate Finance by 25.0% in the fourth quarter. SG Americas Securities LLC now owns 8,931 shares of the company’s stock valued at $145,000 after purchasing an additional 1,787 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Chicago Atlantic Real Estate Finance by 13.1% in the third quarter. O Shaughnessy Asset Management LLC now owns 16,516 shares of the company’s stock valued at $243,000 after acquiring an additional 1,913 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in Chicago Atlantic Real Estate Finance by 109.0% in the fourth quarter. Lindbrook Capital LLC now owns 4,738 shares of the company’s stock valued at $77,000 after acquiring an additional 2,471 shares during the last quarter. 25.48% of the stock is currently owned by hedge funds and other institutional investors.
Chicago Atlantic Real Estate Finance Stock Down 0.4 %
NASDAQ:REFI opened at $15.67 on Wednesday. The stock’s fifty day moving average is $15.75 and its two-hundred day moving average is $15.83. Chicago Atlantic Real Estate Finance, Inc. has a 52 week low of $13.86 and a 52 week high of $17.65. The stock has a market capitalization of $299.30 million, a price-to-earnings ratio of 7.87 and a beta of 0.22.
Chicago Atlantic Real Estate Finance Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 12.00%. The ex-dividend date was Wednesday, March 27th. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is 94.47%.
Analyst Ratings Changes
A number of research firms recently commented on REFI. JMP Securities reiterated a “market outperform” rating and issued a $20.00 price objective on shares of Chicago Atlantic Real Estate Finance in a report on Wednesday, March 13th. Lake Street Capital upgraded Chicago Atlantic Real Estate Finance to a “strong-buy” rating in a report on Tuesday, May 7th.
Get Our Latest Analysis on Chicago Atlantic Real Estate Finance
Chicago Atlantic Real Estate Finance Company Profile
Chicago Atlantic Real Estate Finance, Inc operates as a commercial real estate finance company in the United States. The company engages in originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its portfolio primarily includes offers senior loans to state-licensed operators in the cannabis industry.
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