Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Get Free Report) declared a quarterly dividend on Friday, June 13th, Wall Street Journal reports. Shareholders of record on Monday, June 30th will be given a dividend of 0.47 per share on Tuesday, July 15th. This represents a $1.88 annualized dividend and a dividend yield of 13.28%. The ex-dividend date of this dividend is Monday, June 30th.
Chicago Atlantic Real Estate Finance has a dividend payout ratio of 90.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Equities analysts expect Chicago Atlantic Real Estate Finance to earn $1.94 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 96.9%.
Chicago Atlantic Real Estate Finance Stock Down 0.7%
Chicago Atlantic Real Estate Finance stock traded down $0.10 during midday trading on Friday, reaching $14.16. 100,577 shares of the stock traded hands, compared to its average volume of 113,372. The stock's fifty day moving average is $14.41 and its 200-day moving average is $15.13. Chicago Atlantic Real Estate Finance has a 12 month low of $12.76 and a 12 month high of $16.47. The stock has a market cap of $296.79 million, a P/E ratio of 7.54 and a beta of 0.25.
Institutional Investors Weigh In On Chicago Atlantic Real Estate Finance
An institutional investor recently bought a new position in Chicago Atlantic Real Estate Finance stock. Strs Ohio purchased a new position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,200 shares of the company's stock, valued at approximately $47,000. Institutional investors and hedge funds own 25.48% of the company's stock.
About Chicago Atlantic Real Estate Finance
(
Get Free Report)
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.
See Also
Before you consider Chicago Atlantic Real Estate Finance, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chicago Atlantic Real Estate Finance wasn't on the list.
While Chicago Atlantic Real Estate Finance currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
