Chicago Atlantic Real Estate Finance (REFI) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $9.77 to $10.22
• 50-Day Range: $9.76 to $11.15
• 52-Week Range: $9.69 to $13.49
• Volume: 237,744 shs
• Average Volume: 240,158 shs
• Market Capitalization: $251.33 million
• P/E Ratio: 7.16
• Dividend Yield: 19.16%
• Price Target: $15.33
• Consensus Rating: Hold

Chicago Atlantic Real Estate Finance Stock Analysis - MarketRank™

Chicago Atlantic Real Estate Finance scored higher than 96% of companies evaluated by MarketBeat, and ranked 89th out of 839 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.0 / 5
• Analyst Rating: Hold

Consensus Rating

Chicago Atlantic Real Estate Finance has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on no strong buy ratings, 2 buy ratings, 3 hold ratings, and no sell ratings.

Upside Potential

Chicago Atlantic Real Estate Finance has a consensus price target of $15.33, representing about 56.3% upside from its current price of $9.81.

Amount of Analyst Coverage

Chicago Atlantic Real Estate Finance has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 4.65%

Earnings Growth

Earnings 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 Market

The P/E ratio of Chicago Atlantic Real Estate Finance is 7.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 44.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Chicago Atlantic Real Estate Finance is 7.16, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 24.43.

Price to Book Value per Share Ratio

Chicago Atlantic Real Estate Finance has a P/B Ratio of 0.67. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.75% of the float of Chicago Atlantic Real Estate Finance has been sold short.

Short Interest Ratio / Days to Cover

Chicago Atlantic Real Estate Finance has a short interest ratio ("days to cover") of 8.

Change versus previous month

Short interest in Chicago Atlantic Real Estate Finance has recently increased by 5.83%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Chicago Atlantic Real Estate Finance is a leading dividend payer. It pays a dividend yield of 18.69%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Chicago Atlantic Real Estate Finance has only been increasing its dividend for 1 years.

Dividend Coverage

The 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 Sustainability

Based 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.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: N/A

News Sentiment

Chicago Atlantic Real Estate Finance has a news sentiment score of 1.08. 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 0.60 average news sentiment score of Finance companies.

Search Interest

7 people have searched for REFI on MarketBeat in the last 30 days. This is an increase of 250% compared to the previous 30 days.

MarketBeat Follows

3 people have added Chicago Atlantic Real Estate Finance to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 4.1 / 5
• Insider Trading: Acquiring Shares

Cluster Insider Buying

3 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 Buying

Over the last three months, insiders have purchased a net $1,287,094.00 in company stock, which represents 0.5121% of the company's market cap.

Insider Buying vs. Insider Selling

In 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 Insiders

6.50% of the stock of Chicago Atlantic Real Estate Finance is held by insiders.

Percentage Held by Institutions

25.48% of the stock of Chicago Atlantic Real Estate Finance is held by institutions.

Company Calendar

• Record date for 7/15 Dividend: 6/30/2026
• Ex-Dividend for 7/15 Dividend: 6/30/2026
• Dividend Payable: 7/15/2026
• Last Earnings: 8/11/2026
• Record date for 10/15 Dividend: 9/30/2026
• Ex-Dividend for 10/15 Dividend: 9/30/2026
• Today: 10/05/2026
• Dividend Payable: 10/15/2026
• Next Earnings (Estimated): 11/03/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Mortgage Real Estate Investment Trusts (REITs)
• Sub-Industry: Mortgage REITs
• Current Symbol: NASDAQ:REFI
• CIK: 1867949
• Web: www.chicagoatlanticcredit.com
• Phone: 312-809-7002
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price 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: +56.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.37
• Trailing P/E Ratio: 7.16
• Forward P/E Ratio: 5.70
• P/E Growth: N/A
• Net Income: $36.01 million
• Net Margins: 54.57%
• Pretax Margin: 54.57%
• Return on Equity: 11.53%
• Return on Assets: 8.06%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $55.39 million
• Price / Sales: 4.54
• Cash Flow: $1.63 per share
• Price / Cash Flow: 6.02
• Book Value: $14.60 per share
• Price / Book: 0.67

Miscellaneous

• Outstanding Shares: 25,620,000
• Free Float: 23,956,000
• Market Cap: $251.33 million
• Optionable: Optionable
• Beta: 0.26