Chicago Atlantic Real Estate Finance (NASDAQ:REFI - Get Free Report) was downgraded by stock analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report released on Thursday, August 21st,Zacks.com reports.
Chicago Atlantic Real Estate Finance Price Performance
REFI traded down $0.12 on Thursday, reaching $14.19. 26,309 shares of the stock were exchanged, compared to its average volume of 126,944. The company's 50-day moving average price is $13.86 and its 200 day moving average price is $14.52. Chicago Atlantic Real Estate Finance has a fifty-two week low of $12.76 and a fifty-two week high of $16.29. The firm has a market capitalization of $299.02 million, a PE ratio of 7.75 and a beta of 0.23.
Hedge Funds Weigh In On Chicago Atlantic Real Estate Finance
A number of institutional investors have recently modified their holdings of REFI. Fielder Capital Group LLC raised its stake in shares of Chicago Atlantic Real Estate Finance by 11.5% during the 1st quarter. Fielder Capital Group LLC now owns 751,620 shares of the company's stock valued at $11,049,000 after buying an additional 77,334 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Chicago Atlantic Real Estate Finance by 689.4% during the 1st quarter. Deutsche Bank AG now owns 75,439 shares of the company's stock valued at $1,109,000 after buying an additional 65,882 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Chicago Atlantic Real Estate Finance by 88.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 114,198 shares of the company's stock valued at $1,679,000 after buying an additional 53,498 shares during the last quarter. Nuveen LLC purchased a new position in shares of Chicago Atlantic Real Estate Finance during the 1st quarter valued at about $531,000. Finally, Doliver Advisors LP raised its stake in shares of Chicago Atlantic Real Estate Finance by 74.5% during the 2nd quarter. Doliver Advisors LP now owns 80,588 shares of the company's stock valued at $1,125,000 after buying an additional 34,400 shares during the last quarter. Hedge funds and other institutional investors own 25.48% of the company's stock.
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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