152,719 Shares in Chicago Atlantic Real Estate Finance, Inc. $REFI Purchased by Corient Private Wealth LP

Corient Private Wealth LP acquired a new position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 152,719 shares of the company's stock, valued at approximately $1,637,000. Corient Private Wealth LP owned 0.60% of Chicago Atlantic Real Estate Finance at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Jane Street Group LLC purchased a new position in shares of Chicago Atlantic Real Estate Finance during the 1st quarter worth approximately $186,000. Strs Ohio purchased a new position in shares of Chicago Atlantic Real Estate Finance in the 1st quarter valued at approximately $47,000. Geode Capital Management LLC lifted its stake in shares of Chicago Atlantic Real Estate Finance by 8.5% in the 2nd quarter. Geode Capital Management LLC now owns 18,367 shares of the company's stock valued at $257,000 after purchasing an additional 1,446 shares during the period. Rhumbline Advisers boosted its position in shares of Chicago Atlantic Real Estate Finance by 12.7% during the second quarter. Rhumbline Advisers now owns 26,513 shares of the company's stock valued at $370,000 after purchasing an additional 2,993 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Chicago Atlantic Real Estate Finance by 29.2% in the second quarter. Russell Investments Group Ltd. now owns 3,552 shares of the company's stock worth $50,000 after purchasing an additional 803 shares during the period. 25.48% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Anthony Cappell acquired 45,000 shares of Chicago Atlantic Real Estate Finance stock in a transaction on Monday, August 17th. The stock was acquired at an average cost of $10.40 per share, for a total transaction of $468,000.00. Following the purchase, the chief executive officer owned 466,706 shares in the company, valued at $4,853,742.40. This trade represents a 10.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Peter Sack acquired 3,500 shares of Chicago Atlantic Real Estate Finance stock in a transaction on Wednesday, August 19th. The shares were purchased at an average price of $10.45 per share, with a total value of $36,575.00. Following the completion of the purchase, the chief executive officer owned 123,356 shares in the company, valued at $1,289,070.20. This represents a 2.92% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 122,856 shares of company stock worth $1,287,094 in the last quarter. Corporate insiders own 6.50% of the company's stock.

Chicago Atlantic Real Estate Finance Stock Down 0.2%

REFI stock opened at $10.86 on Friday. Chicago Atlantic Real Estate Finance, Inc. has a twelve month low of $9.69 and a twelve month high of $14.57. The firm has a market cap of $278.23 million, a PE ratio of 7.93 and a beta of 0.26. The business has a 50 day moving average of $10.49 and a 200 day moving average of $11.27.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.05). Chicago Atlantic Real Estate Finance had a return on equity of 11.53% and a net margin of 54.57%.The company had revenue of $12.61 million during the quarter, compared to the consensus estimate of $14.17 million. On average, research analysts expect that Chicago Atlantic Real Estate Finance, Inc. will post 1.72 earnings per share for the current fiscal year.

Chicago Atlantic Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 17.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Chicago Atlantic Real Estate Finance's payout ratio is currently 137.23%.

Analyst Upgrades and Downgrades

Several brokerages have commented on REFI. Atlantic Securities set a $16.00 price objective on Chicago Atlantic Real Estate Finance in a research report on Wednesday, August 12th. Weiss Ratings raised shares of Chicago Atlantic Real Estate Finance from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, August 11th. Citizens Jmp decreased their price target on shares of Chicago Atlantic Real Estate Finance from $18.00 to $16.00 and set a "market outperform" rating for the company in a research note on Wednesday, August 12th. Citigroup reissued a "market outperform" rating on shares of Chicago Atlantic Real Estate Finance in a research report on Wednesday, August 12th. Finally, Zacks Research lowered shares of Chicago Atlantic Real Estate Finance from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $15.33.

Chicago Atlantic Real Estate Finance Profile

Chicago Atlantic Real Estate Finance, Inc NASDAQ: REFI is a publicly listed real estate finance company that specializes in originating and acquiring commercial real estate debt. Pursuant to its election to be treated as a real estate investment trust (REIT), REFI’s investment strategy focuses on floating-rate senior mortgage loans secured by income-producing properties across the United States. The company targets stabilized, performing assets in sectors such as multifamily, office, retail and industrial, aiming to generate attractive risk-adjusted returns through current income.

Established in 2015 and headquartered in Chicago, Illinois, REFI completed its initial public offering in 2019.

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