JPMorgan Chase & Co. increased its stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Free Report) by 92.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 65,465 shares of the company's stock after purchasing an additional 31,391 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.33% of Chicago Atlantic Real Estate Finance worth $1,009,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Chicago Atlantic Real Estate Finance in the fourth quarter valued at about $41,000. SG Americas Securities LLC bought a new stake in Chicago Atlantic Real Estate Finance during the fourth quarter worth approximately $119,000. Bleakley Financial Group LLC purchased a new position in Chicago Atlantic Real Estate Finance during the fourth quarter worth $164,000. HB Wealth Management LLC bought a new position in Chicago Atlantic Real Estate Finance during the fourth quarter valued at $191,000. Finally, Catalina Capital Group LLC purchased a new position in Chicago Atlantic Real Estate Finance during the fourth quarter valued at approximately $253,000. 25.48% of the stock is owned by hedge funds and other institutional investors.
Chicago Atlantic Real Estate Finance Stock Performance
Chicago Atlantic Real Estate Finance stock traded up $0.07 during mid-day trading on Friday, reaching $14.53. 24,936 shares of the company were exchanged, compared to its average volume of 114,306. Chicago Atlantic Real Estate Finance, Inc. has a 12-month low of $12.76 and a 12-month high of $16.47. The business has a fifty day moving average of $14.85 and a 200 day moving average of $15.40. The firm has a market cap of $303.59 million, a P/E ratio of 7.27 and a beta of 0.26.
Chicago Atlantic Real Estate Finance Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.47 per share. The ex-dividend date was Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 12.94%. Chicago Atlantic Real Estate Finance's dividend payout ratio (DPR) is 100.00%.
Chicago Atlantic Real Estate Finance Profile
(
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.
Read More
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
