Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Get Free Report) Chairman John Mazarakis bought 8,000 shares of the company's stock in a transaction that occurred on Thursday, October 16th. The shares were bought at an average price of $12.75 per share, with a total value of $102,000.00. Following the transaction, the chairman owned 416,607 shares of the company's stock, valued at $5,311,739.25. The trade was a 1.96% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
John Mazarakis also recently made the following trade(s):
- On Wednesday, October 1st, John Mazarakis acquired 7,500 shares of Chicago Atlantic Real Estate Finance stock. The shares were acquired at an average price of $12.43 per share, with a total value of $93,225.00.
Chicago Atlantic Real Estate Finance Price Performance
Shares of REFI traded down $0.26 during midday trading on Thursday, hitting $12.45. The stock had a trading volume of 148,038 shares, compared to its average volume of 133,897. Chicago Atlantic Real Estate Finance, Inc. has a 1 year low of $12.00 and a 1 year high of $16.29. The firm has a market cap of $262.45 million, a PE ratio of 6.80 and a beta of 0.21. The stock's 50 day moving average is $13.52 and its 200 day moving average is $13.92.
Chicago Atlantic Real Estate Finance Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 15.1%. Chicago Atlantic Real Estate Finance's dividend payout ratio is presently 102.73%.
Wall Street Analyst Weigh In
A number of analysts recently commented on REFI shares. Zacks Research upgraded shares of Chicago Atlantic Real Estate Finance from a "strong sell" rating to a "hold" rating in a research note on Friday, October 10th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Chicago Atlantic Real Estate Finance in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Chicago Atlantic Real Estate Finance currently has a consensus rating of "Moderate Buy" and an average target price of $20.00.
Check Out Our Latest Analysis on REFI
Hedge Funds Weigh In On Chicago Atlantic Real Estate Finance
Large investors have recently added to or reduced their stakes in the stock. CWM LLC raised its position in Chicago Atlantic Real Estate Finance by 79.3% during the third quarter. CWM LLC now owns 2,160 shares of the company's stock worth $28,000 after acquiring an additional 955 shares during the period. Larson Financial Group LLC raised its position in Chicago Atlantic Real Estate Finance by 269.2% during the first quarter. Larson Financial Group LLC now owns 2,920 shares of the company's stock worth $43,000 after acquiring an additional 2,129 shares during the period. Transce3nd LLC acquired a new position in Chicago Atlantic Real Estate Finance during the second quarter worth $47,000. Strs Ohio acquired a new position in Chicago Atlantic Real Estate Finance during the first quarter worth $47,000. Finally, Russell Investments Group Ltd. raised its position in 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 acquiring an additional 803 shares during the period. 25.48% of the stock is currently owned by institutional investors and hedge funds.
About Chicago Atlantic Real Estate Finance
(
Get Free Report)
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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