NASDAQ:REFI Chicago Atlantic Real Estate Finance (REFI) Stock Price, News & Analysis $11.30 -0.11 (-0.96%) Closing price 05/22/2026 04:00 PM EasternExtended Trading$11.50 +0.20 (+1.75%) As of 05/22/2026 06:36 PM Eastern Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more. Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsBuy This Stock About Chicago Atlantic Real Estate Finance Stock (NASDAQ:REFI) View Price History Chart DataSkip Price History Chart 1 Day 5 Days 30 Days 90 Days 1 Year Advanced 1 Day 1 Day 5 Days 30 Days 90 Days 1 Year Advanced Show volume Show extended hours Get REFI alerts:Sign Up Key Stats Today's Range$11.29▼$11.4950-Day Range$10.99▼$12.4852-Week Range$10.74▼$14.97Volume104,836 shsAverage Volume155,021 shsMarket Capitalization$239.67 millionP/E Ratio7.85Dividend Yield16.64%Price Target$14.00Consensus RatingReduce Company Overview 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. The company maintains a diversified portfolio of first mortgage and other senior real estate loans, typically structured with floating-rate coupons and incorporating robust credit underwriting. In addition to direct lending, REFI may invest in preferred equity and subordinated debt positions when consistent with its risk-return objectives. REFI is externally managed and advised by Chicago Atlantic Real Estate LLC, a real estate finance firm led by CEO Stephen S. Knight and a management team with deep experience in commercial mortgage markets. This alignment of interests seeks to blend specialized origination capabilities with prudent credit risk management, supported by a network of institutional relationships and regional operating partners. Through disciplined investment processes and geographic diversification, Chicago Atlantic Real Estate Finance aims to provide shareholders with stable dividend streams and potential for capital appreciation, while financing middle-market real estate borrowers across key U.S. markets. AI Generated. May Contain Errors. Read More Chicago Atlantic Real Estate Finance Stock Analysis - MarketRank™See Top-Rated MarketRank™ Stocks75th Percentile Overall ScoreREFI MarketRank™: Chicago Atlantic Real Estate Finance scored higher than 75% of companies evaluated by MarketBeat, and ranked 385th out of 881 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.3 / 5Analyst RatingReduce Consensus RatingChicago Atlantic Real Estate Finance has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no strong buy ratings, no buy ratings, 2 hold ratings, and 1 sell rating.Upside PotentialChicago Atlantic Real Estate Finance has a consensus price target of $14.00, representing about 23.9% upside from its current price of $11.30.Amount of Analyst CoverageChicago Atlantic Real Estate Finance has only been the subject of 3 research reports in the past 90 days.Read more about Chicago Atlantic Real Estate Finance's stock forecast and price target. Earnings and Valuation2.5 / 5Proj. Earnings Growth0.57% Earnings GrowthEarnings for Chicago Atlantic Real Estate Finance are expected to grow by 0.57% in the coming year, from $1.74 to $1.75 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Chicago Atlantic Real Estate Finance is 7.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 44.79.Price to Earnings Ratio vs. SectorThe P/E ratio of Chicago Atlantic Real Estate Finance is 7.85, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 23.96.Price to Book Value per Share RatioChicago Atlantic Real Estate Finance has a P/B Ratio of 0.79. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Chicago Atlantic Real Estate Finance's valuation and earnings. Short Interest4.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted4.68% of the float of Chicago Atlantic Real Estate Finance has been sold short.Short Interest Ratio / Days to CoverChicago Atlantic Real Estate Finance has a short interest ratio ("days to cover") of 6.3.Change versus previous monthShort interest in Chicago Atlantic Real Estate Finance has recently decreased by 15.82%, indicating that investor sentiment is improving significantly. Dividend1.7 / 5Dividend StrengthWeak Dividend LeadershipChicago Atlantic Real Estate Finance is a leading dividend payer. It pays a dividend yield of 16.64%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthChicago Atlantic Real Estate Finance has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Chicago Atlantic Real Estate Finance is 130.56%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Chicago Atlantic Real Estate Finance will have a dividend payout ratio of 107.43% in the coming year. This indicates that Chicago Atlantic Real Estate Finance may not be able to sustain their current dividend.Read more about Chicago Atlantic Real Estate Finance's dividend. News and Social Media0.6 / 5News SentimentN/A Search InterestOnly 4 people have searched for REFI on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.MarketBeat Follows2 people have added Chicago Atlantic Real Estate Finance to their MarketBeat watchlist in the last 30 days. Company Ownership0.6 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Chicago Atlantic Real Estate Finance insiders have not sold or bought any company stock.Percentage Held by Insiders8.30% of the stock of Chicago Atlantic Real Estate Finance is held by insiders.Percentage Held by Institutions25.48% of the stock of Chicago Atlantic Real Estate Finance is held by institutions.Read more about Chicago Atlantic Real Estate Finance's insider trading history. Receive REFI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Chicago Atlantic Real Estate Finance and its competitors with MarketBeat's FREE daily newsletter. Submit View SMS TermsSMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. 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REFI Stock News HeadlinesAnalysts’ Opinions Are Mixed on These Real Estate Stocks: Diamondrock (DRH) and Chicago Atlantic Real Estate ate Finance Inc (REFI)May 13, 2026 | theglobeandmail.comCritical Comparison: Chicago Atlantic Real Estate Finance (NASDAQ:REFI) and Webull (NASDAQ:BULL)May 13, 2026 | americanbankingnews.comThe SpaceX filing is public. The window is closing.SpaceX just filed its S-1. The IPO is confirmed for June 12 - $75 billion, ticker SPCX, potentially the largest in history. The 21-bank syndicate has already locked up shares, so retail investors won't get access. But the S-1 exposed one publicly traded company Musk cannot operate without - and it's still cheap. Dylan Jovine is releasing the ticker free before June 12 changes the price.May 24 at 1:00 AM | Behind the Markets (Ad)Chicago Atlantic outlines $482M pipeline while maintaining 90%-100% dividend payout ratio for 2026May 8, 2026 | msn.comChicago Atlantic Real Estate Finance, Inc. (REFI) Q1 2026 Earnings Call TranscriptMay 7, 2026 | seekingalpha.comChicago Atlantic Real Estate Finance Announces First Quarter 2026 Financial ResultsMay 7, 2026 | globenewswire.comChicago Atlantic Real Estate Finance Inc (REFI) Q1 2026: Everything You Need to Know Ahead of ...May 6, 2026 | finance.yahoo.comThis Chicago Atlantic Real Estate Finance Insider Increased Their Holding In The Last YearMay 5, 2026 | finance.yahoo.comSee More Headlines REFI Stock Analysis - Frequently Asked Questions How have REFI shares performed this year? Chicago Atlantic Real Estate Finance's stock was trading at $12.26 at the beginning of the year. Since then, REFI stock has decreased by 7.8% and is now trading at $11.30. How were Chicago Atlantic Real Estate Finance's earnings last quarter? Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) issued its earnings results on Thursday, May, 7th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.02. The firm had revenue of $13.12 million for the quarter, compared to analysts' expectations of $13.69 million. Chicago Atlantic Real Estate Finance had a net margin of 55.54% and a trailing twelve-month return on equity of 11.98%. Read the conference call transcript. When did Chicago Atlantic Real Estate Finance IPO? Chicago Atlantic Real Estate Finance (REFI) raised $106 million in an IPO on Tuesday, December 7th 2021. The company issued 6,250,000 shares at $16.00-$18.00 per share. Who are Chicago Atlantic Real Estate Finance's major shareholders? Top institutional shareholders of Chicago Atlantic Real Estate Finance include Quantinno Capital Management LP (0.36%), Renaissance Technologies LLC (0.24%), Empowered Funds LLC (0.09%) and Bank of America Corp DE (0.09%). Insiders that own company stock include John Mazarakis, David Kite, Jason D Papastavrou, Phillip Silverman and Brandon Konigsberg. View institutional ownership trends. How do I buy shares of Chicago Atlantic Real Estate Finance? Shares of REFI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. What other stocks do shareholders of Chicago Atlantic Real Estate Finance own? Based on aggregate information from My MarketBeat watchlists, some other companies that Chicago Atlantic Real Estate Finance investors own include NVIDIA (NVDA), Tesla (TSLA), Meta Platforms (META), Advanced Micro Devices (AMD), Home Depot (HD), JPMorgan Chase & Co. (JPM) and Company Calendar Record date for 4/15 Dividend3/31/2026Ex-Dividend for 4/15 Dividend3/31/2026Dividend Payable4/15/2026Last Earnings5/07/2026Today5/24/2026Next Earnings (Estimated)8/06/2026Fiscal Year End12/31/2026Get Stock Alerts Health Indicator TradeSmith's Health IndicatorA long-term volatility-based measure designed for securities held 12 months or longer.Green: Strong and healthy uptrend with normal pullbacks.Yellow: Significant pullback but still within expected volatility.Red: Dropped beyond expected volatility; considered unhealthy. Red Zone (7m+) 1-Year History May 25 Aug 25 Nov 25 Feb 26 May 26 REFI's financial health is in the Red zone, according to TradeSmith. REFI has been in this zone for over 7 months. Industry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry FIN - MISC SVCS Sub-IndustryTrading Current SymbolNASDAQ:REFI CIK1867949 Webwww.chicagoatlanticcredit.com Phone312-809-7002FaxN/AEmployeesN/AYear FoundedN/APrice Target and Rating Average Price Target for Chicago Atlantic Real Estate Finance$14.00 High Price Target$14.00 Low Price Target$14.00 Potential Upside/Downside+23.9%Consensus RatingReduce Rating Score (0-4)1.67 Research Coverage3 Analysts Profitability EPS (Trailing Twelve Months)$1.44 Trailing P/E Ratio7.85 Forward P/E Ratio6.49 P/E GrowthN/ANet Income$36.01 million Net Margins55.54% Pretax Margin55.54% Return on Equity11.98% Return on Assets8.46% Debt Debt-to-Equity RatioN/A Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$55.39 million Price / Sales4.33 Cash Flow$1.67 per share Price / Cash Flow6.77 Book Value$14.31 per share Price / Book0.79Miscellaneous Outstanding Shares21,210,000Free Float19,447,000Market Cap$239.67 million OptionableOptionable Beta0.25 7 Stocks to Ride The A.I. 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