NASDAQ:REFI Chicago Atlantic Real Estate Finance (REFI) Stock Price, News & Analysis $9.40 +0.23 (+2.51%) Closing price 04:00 PM EasternExtended Trading$9.36 -0.04 (-0.37%) As of 07:30 PM Eastern Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more. Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsInsider TradesNews and TrendsOptions ChainOwnershipSEC FilingsShort Interest About Chicago Atlantic Real Estate Finance Stock (NASDAQ:REFI) View Price History Chart DataSkip Price History Chart 1 Day 5 Days 30 Days 90 Days 1 Year Advanced 1 Day 1 Day 5 Days 30 Days 90 Days 1 Year Advanced Show volume Show extended hours Get REFI alerts:Sign Up Key Stats Today's Range$9.12▼$9.4550-Day Range$8.77▼$11.1552-Week Range$8.76▼$13.49Volume158,633 shsAverage Volume205,997 shsMarket Capitalization$240.83 millionP/E Ratio6.86Dividend Yield20.00%Price Target$15.33Consensus RatingHold Company Overview Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) is a specialty finance company organized as a real estate investment trust (REIT). It originates, invests in and manages commercial real estate debt investments, with a particular focus on first mortgage loans secured by properties used by state-licensed cannabis businesses. The company provides financing to cannabis operators and other businesses that may have limited access to traditional commercial real estate lending. Its investments are generally structured as loans secured by real estate and may include related credit instruments. Through these investments, Chicago Atlantic seeks to generate income from interest and other loan-related proceeds. Chicago Atlantic Real Estate Finance is externally managed by an affiliate of Chicago Atlantic, an investment firm focused on specialty finance and alternative investments. The company became publicly traded in 2021 and serves borrowers primarily in U.S. markets where regulated cannabis businesses operate.AI Generated. May Contain Errors. Read More Chicago Atlantic Real Estate Finance Stock Analysis - MarketRank™See Top-Rated MarketRank™ Stocks95th Percentile Overall ScoreREFI MarketRank™: 4.73042787124 of 5 starsChicago Atlantic Real Estate Finance scored higher than 95% of companies evaluated by MarketBeat, and ranked 106th out of 851 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.9 / 5Analyst RatingHold Consensus RatingChicago Atlantic Real Estate Finance has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on no strong buy ratings, 2 buy ratings, 2 hold ratings, and 1 sell rating.Upside PotentialChicago Atlantic Real Estate Finance has a consensus price target of $15.33, representing about 63.1% upside from its current price of $9.40.Amount of Analyst CoverageChicago Atlantic Real Estate Finance has only been the subject of 4 research reports in the past 90 days.Read more about Chicago Atlantic Real Estate Finance's stock forecast and price target. Earnings and Valuation2.5 / 5Proj. Earnings Growth4.65% Earnings GrowthEarnings for Chicago Atlantic Real Estate Finance are expected to grow by 4.65% in the coming year, from $1.72 to $1.80 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Chicago Atlantic Real Estate Finance is 6.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 38.75.Price to Earnings Ratio vs. SectorThe P/E ratio of Chicago Atlantic Real Estate Finance is 6.86, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 25.35.Price to Book Value per Share RatioChicago Atlantic Real Estate Finance has a P/B Ratio of 0.64. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Chicago Atlantic Real Estate Finance's valuation and earnings. Short Interest1.0 / 5Short Interest LevelBearish Percentage of Shares Shorted7.83% of the float of Chicago Atlantic Real Estate Finance has been sold short.Short Interest Ratio / Days to CoverChicago Atlantic Real Estate Finance has a short interest ratio ("days to cover") of 6.26.Change versus previous monthShort interest in Chicago Atlantic Real Estate Finance has recently increased by 36.29%, indicating that investor sentiment is decreasing significantly. Dividend1.7 / 5Dividend StrengthWeak Dividend LeadershipChicago Atlantic Real Estate Finance is a leading dividend payer. It pays a dividend yield of 21.44%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthChicago Atlantic Real Estate Finance has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Chicago Atlantic Real Estate Finance is 137.23%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Chicago Atlantic Real Estate Finance will have a dividend payout ratio of 104.44% in the coming year. This indicates that Chicago Atlantic Real Estate Finance may not be able to sustain their current dividend.Read more about Chicago Atlantic Real Estate Finance's dividend. News and Social Media3.7 / 5News Sentiment1.00 News SentimentChicago Atlantic Real Estate Finance has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Chicago Atlantic Real Estate Finance this week, compared to 2 articles on an average week.Search Interest6 people have searched for REFI on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.MarketBeat Follows3 people have added Chicago Atlantic Real Estate Finance to their MarketBeat watchlist in the last 30 days. Company Ownership4.1 / 5Insider TradingAcquiring Shares Cluster Insider Buying3 insiders have purchased shares of Chicago Atlantic Real Estate Finance in the last three months. Multiple insiders buying is a strong bullish signal.Net Insider BuyingOver the last three months, insiders have purchased a net $1,287,094.00 in company stock, which represents 0.5344% of the company's market cap.Insider Buying vs. Insider SellingIn the past three months, Chicago Atlantic Real Estate Finance insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,287,094.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders6.50% of the stock of Chicago Atlantic Real Estate Finance is held by insiders.Percentage Held by Institutions25.48% of the stock of Chicago Atlantic Real Estate Finance is held by institutions.Read more about Chicago Atlantic Real Estate Finance's insider trading history. Receive REFI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Chicago Atlantic Real Estate Finance and its competitors with MarketBeat's FREE daily newsletter. 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REFI Stock News HeadlinesChicago Atlantic Real Estate Finance Announces Third Quarter 2026 Earnings Release Date and Conference CallOctober 20 at 7:31 AM | quiverquant.comQChicago Atlantic Real Estate Finance Schedules Third Quarter 2026 Earnings Release and Conference Call DateOctober 20 at 7:00 AM | globenewswire.comIf you keep cash in a U.S. bank account… read this NOWSince 2020, U.S. banks have been required to keep zero percent of deposits on hand, lending out nearly every dollar while paying savers just 0.04 percent interest. A new law, the GENIUS Act signed last summer, has cleared the way for a different kind of money to emerge this fall, one that could offer savings rates up to 6 percent. See what Ian King, Chief Strategist at Strategic Fortunes, has uncovered about this shift before it goes live.October 22 at 1:00 AM | Banyan Hill Publishing (Ad)Chicago Atlantic Real Estate Finance Declares Third Quarter 2026 Cash Dividend of $0.47 Per ShareSeptember 16, 2026 | quiverquant.comQChicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Third Quarter of 2026September 16, 2026 | globenewswire.comChicago Atlantic (REFI) Q2 2026 Earnings Call TranscriptAugust 18, 2026 | finance.yahoo.comChicago Atlantic BDC, Inc. Reports Second Quarter 2026 Financial ResultsAugust 13, 2026 | globenewswire.comChicago Atlantic Real Estate Finance, Inc. (REFI) Q2 2026 Earnings Call TranscriptAugust 11, 2026 | seekingalpha.comSee More Headlines REFI Stock Analysis - Frequently Asked Questions How have REFI shares performed this year? Chicago Atlantic Real Estate Finance's stock was trading at $12.26 at the beginning of 2026. Since then, REFI stock has decreased by 23.3% and is now trading at $9.40. How were Chicago Atlantic Real Estate Finance's earnings last quarter? Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) released its quarterly earnings results on Tuesday, August, 11th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.48 by $0.05. The company had revenue of $12.61 million for the quarter, compared to the consensus estimate of $14.17 million. Chicago Atlantic Real Estate Finance had a net margin of 54.57% and a trailing twelve-month return on equity of 11.53%. Read the conference call transcript. When did Chicago Atlantic Real Estate Finance IPO? Chicago Atlantic Real Estate Finance (REFI) raised $106 million in an initial public offering on Tuesday, December 7th 2021. The company issued 6,250,000 shares at a price of $16.00-$18.00 per share. Who are Chicago Atlantic Real Estate Finance's major shareholders? Top institutional shareholders of Chicago Atlantic Real Estate Finance include Doliver Advisors LP (0.50%) and Magnus Financial Group LLC (0.19%). Insiders that own company stock include John Mazarakis, Anthony Cappell, Peter Sack, David Kite, Jason D Papastavrou, Phillip Silverman and Brandon Konigsberg. View institutional ownership trends. How do I buy shares of Chicago Atlantic Real Estate Finance? Shares of REFI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. What other stocks do shareholders of Chicago Atlantic Real Estate Finance own? Based on aggregate information from My MarketBeat watchlists, some other companies that Chicago Atlantic Real Estate Finance investors own include Ares Capital (ARCC), Dynex Capital (DX), Annaly Capital Management (NLY), NVIDIA (NVDA), AGNC Investment (AGNC), Trinity Capital (TRIN) and Energy Transfer (ET). Company Calendar Last Earnings8/11/2026Record date for 10/15 Dividend9/30/2026Ex-Dividend for 10/15 Dividend9/30/2026Dividend Payable10/15/2026Today10/22/2026Next Earnings (Estimated)11/10/2026Fiscal Year End12/31/2026Get Stock Alerts Health Indicator TradeSmith's Health IndicatorA long-term volatility-based measure designed for securities held 12 months or longer.Green: Strong and healthy uptrend with normal pullbacks.Yellow: Significant pullback but still within expected volatility.Red: Dropped beyond expected volatility; considered unhealthy. Red Zone (12m+) 1-Year History Oct 25 Jan 26 Apr 26 Jul 26 Oct 26 REFI's financial health is in the Red zone, according to TradeSmith. REFI has been in this zone for over 12 months. Industry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Mortgage Real Estate Investment Trusts (REITs) Sub-IndustryMortgage REITs Current SymbolNASDAQ:REFI CIK1867949 Webwww.chicagoatlanticcredit.com Phone312-809-7002FaxN/AEmployeesN/AYear FoundedN/APrice Target and Rating Average Price Target for Chicago Atlantic Real Estate Finance$15.33 High Price Target$16.00 Low Price Target$14.00 Potential Upside/Downside+63.1%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage5 Analysts Profitability EPS (Trailing Twelve Months)$1.37 Trailing P/E Ratio6.86 Forward P/E Ratio5.47 P/E GrowthN/ANet Income$36.01 million Net Margins54.57% Pretax Margin54.57% Return on Equity11.53% Return on Assets8.06% Debt Debt-to-Equity RatioN/A Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$55.39 million Price / Sales4.35 Cash Flow$1.71 per share Price / Cash Flow5.49 Book Value$14.60 per share Price / Book0.64Miscellaneous Outstanding Shares25,620,000Free Float23,956,000Market Cap$240.83 million OptionableOptionable Beta0.26 10 Best Stocks to Own in Fall 2026AI spending is reshaping the market, and the opportunity extends far beyond the biggest chipmakers. Discover 10 stocks set to benefit from powerful trends in AI infrastructure, cloud computing, energy, capital returns, and consumer growth this fall.Get This Free Report This page (NASDAQ:REFI) was last updated on 10/22/2026 by MarketBeat.com Staff. From Our PartnersFinancial legend: “This is bad, really bad...”Dr. Martin D. 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