Deutsche Bank AG Boosts Holdings in Chicago Atlantic Real Estate Finance, Inc. $REFI

Key Points

• Deutsche Bank AG increased its holdings in Chicago Atlantic Real Estate Finance by 689.4% during the first quarter, acquiring an additional 65,882 shares to own a total of 75,439 shares.
• The company announced a quarterly dividend of $0.47 per share, resulting in an annualized dividend yield of 13.0%, although its payout ratio stands at 102.73%.
• Analysts have downgraded the stock from a "hold" rating to a "strong sell," with a consensus rating of "hold" and an average target price set at $20.00.

Deutsche Bank AG boosted its position in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Free Report) by 689.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,439 shares of the company's stock after acquiring an additional 65,882 shares during the period. Deutsche Bank AG owned 0.36% of Chicago Atlantic Real Estate Finance worth $1,109,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of REFI. Fielder Capital Group LLC lifted its position 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 valued at $11,049,000 after acquiring an additional 77,334 shares during the last quarter. Sage Mountain Advisors LLC raised its holdings 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 worth $2,284,000 after buying an additional 32,476 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Chicago Atlantic Real Estate Finance by 92.1% in the fourth quarter. JPMorgan Chase & Co. now owns 65,465 shares of the company's stock worth $1,009,000 after buying an additional 31,391 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Chicago Atlantic Real Estate Finance in the fourth quarter worth $305,000. Finally, Doliver Advisors LP raised its holdings in shares of Chicago Atlantic Real Estate Finance by 68.3% in the first quarter. Doliver Advisors LP now owns 46,188 shares of the company's stock worth $679,000 after buying an additional 18,750 shares during the last quarter. Hedge funds and other institutional investors own 25.48% of the company's stock.

Chicago Atlantic Real Estate Finance Price Performance

Shares of Chicago Atlantic Real Estate Finance stock opened at $14.42 on Friday. The firm has a fifty day moving average price of $13.86 and a 200 day moving average price of $14.54. Chicago Atlantic Real Estate Finance, Inc. has a 1 year low of $12.76 and a 1 year high of $16.29. The stock has a market cap of $303.97 million, a PE ratio of 7.88 and a beta of 0.23.

Chicago Atlantic Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 13.0%. The ex-dividend date of this dividend was Monday, June 30th. Chicago Atlantic Real Estate Finance's dividend payout ratio (DPR) is 102.73%.

Wall Street Analyst Weigh In

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

Chicago Atlantic Real Estate Finance Company Profile

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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