Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Get Free Report) declared a quarterly dividend on Tuesday, June 17th, Wall Street Journal reports. Shareholders of record on Monday, June 30th will be paid a dividend of 0.47 per share on Tuesday, July 15th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 13.27%. The ex-dividend date of this dividend is Monday, June 30th.
Chicago Atlantic Real Estate Finance has a 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 research 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 Trading Down 0.5%
NASDAQ REFI traded down $0.07 during trading hours on Tuesday, reaching $14.17. 108,047 shares of the company traded hands, compared to its average volume of 113,608. The stock has a market capitalization of $297.10 million, a PE ratio of 7.09 and a beta of 0.25. The company has a 50 day moving average of $14.37 and a two-hundred day moving average of $15.16. Chicago Atlantic Real Estate Finance has a 12 month low of $12.76 and a 12 month high of $16.47.
Hedge Funds Weigh In On Chicago Atlantic Real Estate Finance
A hedge fund recently bought a new stake in Chicago Atlantic Real Estate Finance stock. Strs Ohio bought a new position in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,200 shares of the company's stock, valued at approximately $47,000. 25.48% of the stock is owned by hedge funds and other institutional investors.
Chicago Atlantic Real Estate Finance Company Profile
(
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.
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