Chicago Atlantic Real Estate Finance (NASDAQ:REFI) Receives "Hold (C-)" Rating from Weiss Ratings

Key Points

• Weiss Ratings has restated Chicago Atlantic Real Estate Finance's stock rating as "Hold (C-)", while Zacks Research upgraded it from "strong sell" to "hold".
• The company currently has a market capitalization of $277.83 million and trades at around $13.18 per share, with an average target price of $20.00.
• Recent insider transactions included the purchase of 8,000 shares each by Director Jason D. Papastavrou and Chairman John Mazarakis, indicating significant insider investment in the firm.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI - Get Free Report)'s stock had its "hold (c-)" rating restated by Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Separately, Zacks Research upgraded shares of Chicago Atlantic Real Estate Finance from a "strong sell" rating to a "hold" rating in a report on Friday, October 10th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $20.00.

Chicago Atlantic Real Estate Finance Price Performance

NASDAQ:REFI traded up $0.08 on Friday, reaching $13.18. The stock had a trading volume of 53,833 shares, compared to its average volume of 165,152. The company has a market cap of $277.83 million, a price-to-earnings ratio of 7.20 and a beta of 0.21. The firm's fifty day moving average is $13.40 and its two-hundred day moving average is $13.86. Chicago Atlantic Real Estate Finance has a 12-month low of $12.00 and a 12-month high of $16.29.

Insider Buying and Selling

In other news, Director Jason D. Papastavrou acquired 8,000 shares of the stock in a transaction on Wednesday, October 15th. The stock was bought at an average price of $12.70 per share, with a total value of $101,600.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company's stock, valued at $63,500. The trade was a -266.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman John Mazarakis acquired 8,000 shares of the stock in a transaction on Thursday, October 16th. The stock was purchased at an average cost of $12.75 per share, with a total value of $102,000.00. Following the transaction, the chairman directly owned 416,607 shares of the company's stock, valued at $5,311,739.25. This represents a 1.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 51,150 shares of company stock valued at $641,415 over the last three months. Company insiders own 8.30% of the company's stock.

Institutional Trading of Chicago Atlantic Real Estate Finance

Hedge funds have recently made changes to their positions in the stock. Nuveen LLC acquired a new stake in shares of Chicago Atlantic Real Estate Finance during the first quarter worth approximately $531,000. Sage Mountain Advisors LLC grew its position in shares of Chicago Atlantic Real Estate Finance by 26.4% during the first quarter. Sage Mountain Advisors LLC now owns 155,408 shares of the company's stock worth $2,284,000 after buying an additional 32,476 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Chicago Atlantic Real Estate Finance by 260.8% during the first quarter. Nisa Investment Advisors LLC now owns 18,691 shares of the company's stock worth $284,000 after buying an additional 13,511 shares in the last quarter. Deutsche Bank AG grew its position in shares of Chicago Atlantic Real Estate Finance by 689.4% during the first quarter. Deutsche Bank AG now owns 75,439 shares of the company's stock worth $1,109,000 after buying an additional 65,882 shares in the last quarter. Finally, Fielder Capital Group LLC lifted its stake in Chicago Atlantic Real Estate Finance by 11.5% during the first quarter. Fielder Capital Group LLC now owns 751,620 shares of the company's stock worth $11,049,000 after purchasing an additional 77,334 shares during the last quarter. Institutional investors and hedge funds own 25.48% of the company's stock.

About Chicago Atlantic Real Estate Finance

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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