Chicago Atlantic Real Estate Finance's (REFI) Hold (C-) Rating Reiterated at Weiss Ratings

Key Points

• Chicago Atlantic Real Estate Finance's stock has been maintained with a "hold (C-)" rating by Weiss Ratings, while Zacks Research downgraded it from "hold" to "strong sell."
• The company's current average target price is $20.00, with mixed ratings from analysts, including two "Buy," one "Hold," and one "Sell."
• Insider trading activity showed that Chairman John Mazarakis purchased 7,500 shares at around $12.43 each, increasing his ownership stake in the company.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI - Get Free Report)'s stock had its "hold (c-)" rating reissued by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Zacks Research cut Chicago Atlantic Real Estate Finance from a "hold" rating to a "strong sell" rating in a report on Thursday, August 21st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $20.00.

Chicago Atlantic Real Estate Finance Trading Up 0.5%

NASDAQ:REFI traded up $0.06 on Wednesday, reaching $12.64. 92,839 shares of the stock traded hands, compared to its average volume of 149,590. The company's 50 day moving average is $13.59 and its 200-day moving average is $14.03. Chicago Atlantic Real Estate Finance has a 1-year low of $12.33 and a 1-year high of $16.29. The firm has a market capitalization of $266.45 million, a price-to-earnings ratio of 6.91 and a beta of 0.21.

Insider Transactions at Chicago Atlantic Real Estate Finance

In related news, Chairman John Mazarakis bought 7,500 shares of the stock in a transaction on Wednesday, October 1st. The shares were acquired at an average price of $12.43 per share, for a total transaction of $93,225.00. Following the purchase, the chairman owned 408,607 shares of the company's stock, valued at approximately $5,078,985.01. The trade was a 1.87% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.30% of the company's stock.

Institutional Trading of Chicago Atlantic Real Estate Finance

Several hedge funds have recently added to or reduced their stakes in REFI. Nuveen LLC bought a new position in Chicago Atlantic Real Estate Finance during the first quarter worth about $531,000. GAMMA Investing LLC increased its position in Chicago Atlantic Real Estate Finance by 2,908.3% during the first quarter. GAMMA Investing LLC now owns 9,055 shares of the company's stock worth $133,000 after buying an additional 8,754 shares during the last quarter. Sage Mountain Advisors LLC grew its position in shares of Chicago Atlantic Real Estate Finance by 26.4% in the first quarter. Sage Mountain Advisors LLC now owns 155,408 shares of the company's stock valued at $2,284,000 after purchasing an additional 32,476 shares during the last quarter. Nisa Investment Advisors LLC grew its position in 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. Finally, Deutsche Bank AG boosted its holdings in shares of Chicago Atlantic Real Estate Finance by 689.4% in the 1st quarter. Deutsche Bank AG now owns 75,439 shares of the company's stock valued at $1,109,000 after purchasing an additional 65,882 shares in the last quarter. Institutional investors 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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