Fielder Capital Group LLC Acquires Shares of 982,283 Chicago Atlantic Real Estate Finance, Inc. $REFI

Key Points

• Fielder Capital Group acquired 982,283 shares of Chicago Atlantic Real Estate Finance, valued at approximately $10.53 million, representing about 4.63% of REFI and 2.3% of Fielder’s portfolio. Institutional investors collectively own 25.48% of the company.
• Analyst sentiment is mixed: REFI has an average rating of “Hold” and an average price target of $15.33, while recent actions included a target-price cut from $18 to $16 and a downgrade from “strong buy” to “hold.”
• REFI reported quarterly EPS of $0.43 and revenue of $12.61 million, both below estimates. The company pays a $0.47 quarterly dividend, equivalent to $1.88 annually and an indicated yield of about 18.5%.

Fielder Capital Group LLC bought a new position in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 982,283 shares of the company's stock, valued at approximately $10,530,000. Chicago Atlantic Real Estate Finance accounts for about 2.3% of Fielder Capital Group LLC's holdings, making the stock its 11th largest holding. Fielder Capital Group LLC owned approximately 4.63% of Chicago Atlantic Real Estate Finance at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Strs Ohio acquired a new stake in Chicago Atlantic Real Estate Finance during the 1st quarter worth approximately $47,000. Russell Investments Group Ltd. raised its stake in shares of Chicago Atlantic Real Estate Finance by 29.2% during 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 last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Chicago Atlantic Real Estate Finance during the fourth quarter worth $53,000. PNC Financial Services Group Inc. lifted its holdings in shares of Chicago Atlantic Real Estate Finance by 290.3% during the first quarter. PNC Financial Services Group Inc. now owns 6,183 shares of the company's stock worth $70,000 after purchasing an additional 4,599 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in Chicago Atlantic Real Estate Finance by 3,041.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,722 shares of the company's stock valued at $94,000 after buying an additional 6,508 shares during the last quarter. Institutional investors and hedge funds own 25.48% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on REFI. Citigroup restated a "market outperform" rating on shares of Chicago Atlantic Real Estate Finance in a research report on Wednesday. Citizens Jmp lowered their target price on shares of Chicago Atlantic Real Estate Finance from $18.00 to $16.00 and set a "market outperform" rating on the stock in a report on Wednesday, August 12th. Weiss Ratings upgraded shares of Chicago Atlantic Real Estate Finance from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. Atlantic Securities set a $16.00 price target on shares of Chicago Atlantic Real Estate Finance in a report on Wednesday. Finally, Zacks Research lowered Chicago Atlantic Real Estate Finance from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $15.33.

Chicago Atlantic Real Estate Finance Price Performance

NASDAQ:REFI opened at $10.15 on Monday. The firm's fifty day simple moving average is $10.63 and its 200-day simple moving average is $11.41. The stock has a market cap of $260.04 million, a PE ratio of 7.41 and a beta of 0.24. Chicago Atlantic Real Estate Finance, Inc. has a fifty-two week low of $9.69 and a fifty-two week high of $14.57.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.43 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $14.17 million. Equities analysts anticipate that Chicago Atlantic Real Estate Finance, Inc. will post 1.72 earnings per share for the current year.

Chicago Atlantic Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.47 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 18.5%. Chicago Atlantic Real Estate Finance's dividend payout ratio is currently 137.23%.

About Chicago Atlantic Real Estate Finance

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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