Chicago Atlantic Real Estate Finance, Inc. $REFI Shares Purchased by Doliver Advisors LP

Key Points

• Doliver Advisors LP increased its stake in Chicago Atlantic Real Estate Finance by 74.5% in Q2, owning 80,588 shares worth approximately $1,125,000.
• Chicago Atlantic Real Estate Finance announced a quarterly dividend of $0.47, with a yield of 14.2% and a payout ratio of 102.73%.
• The stock received a downgrade from Zacks Research, which shifted its rating from "hold" to a "strong sell", impacting the consensus price target to $20.00.

Doliver Advisors LP increased its position in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Free Report) by 74.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,588 shares of the company's stock after buying an additional 34,400 shares during the period. Doliver Advisors LP owned 0.38% of Chicago Atlantic Real Estate Finance worth $1,125,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fielder Capital Group LLC raised its position in shares of Chicago Atlantic Real Estate Finance by 11.5% in the first quarter. Fielder Capital Group LLC now owns 751,620 shares of the company's stock worth $11,049,000 after acquiring an additional 77,334 shares during the period. Deutsche Bank AG grew its position 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 acquiring an additional 65,882 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Chicago Atlantic Real Estate Finance by 88.1% in 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 purchasing an additional 53,498 shares in the last quarter. Nuveen LLC acquired a new position in Chicago Atlantic Real Estate Finance in the 1st quarter worth about $531,000. Finally, Sage Mountain Advisors LLC boosted its position in 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 purchasing an additional 32,476 shares in the last quarter. Hedge funds and other institutional investors own 25.48% of the company's stock.

Chicago Atlantic Real Estate Finance Stock Down 1.5%

REFI opened at $13.23 on Friday. The company has a market cap of $278.89 million, a PE ratio of 7.23 and a beta of 0.24. Chicago Atlantic Real Estate Finance, Inc. has a twelve month low of $12.76 and a twelve month high of $16.29. The company has a 50-day moving average price of $13.80 and a 200 day moving average price of $14.36.

Chicago Atlantic Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 14.2%. The ex-dividend date was Monday, June 30th. Chicago Atlantic Real Estate Finance's dividend payout ratio (DPR) is 102.73%.

Analysts Set New Price Targets

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

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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