Chicago Atlantic Real Estate Finance (NASDAQ:REFI - Get Free Report) will be posting its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Chicago Atlantic Real Estate Finance to post earnings of $0.55 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.
Chicago Atlantic Real Estate Finance Trading Up 0.4 %
Shares of Chicago Atlantic Real Estate Finance stock traded up $0.06 during trading on Tuesday, hitting $15.74. The stock had a trading volume of 54,313 shares, compared to its average volume of 90,491. The firm has a market cap of $286.47 million, a price-to-earnings ratio of 7.42 and a beta of 0.22. Chicago Atlantic Real Estate Finance has a 12 month low of $13.67 and a 12 month high of $17.65. The business's 50-day moving average is $15.87 and its 200 day moving average is $15.68.
Chicago Atlantic Real Estate Finance Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.47 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.88 dividend on an annualized basis and a yield of 11.94%. Chicago Atlantic Real Estate Finance's dividend payout ratio is presently 88.68%.
Analyst Upgrades and Downgrades
Separately, JMP Securities reissued a "market outperform" rating and issued a $20.00 target price on shares of Chicago Atlantic Real Estate Finance in a research note on Wednesday, March 13th.
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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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