Chicago Atlantic Real Estate Finance Stock Price, News & Analysis (NASDAQ:REFI)

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chicago Atlantic Real Estate Finance in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" REFI shares.
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4 analysts have issued 1-year target prices for Chicago Atlantic Real Estate Finance's shares. Their REFI share price targets range from $16.00 to $20.00. On average, they anticipate the company's share price to reach $17.50 in the next year. This suggests a possible upside of 12.8% from the stock's current price.
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Chicago Atlantic Real Estate Finance's stock was trading at $15.07 at the start of the year. Since then, REFI shares have increased by 2.9% and is now trading at $15.51.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 14th 2024.
View our REFI earnings forecast.

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) issued its quarterly earnings data on Wednesday, August, 9th. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by $0.10. The business had revenue of $14.66 million for the quarter, compared to the consensus estimate of $15.78 million. Chicago Atlantic Real Estate Finance had a trailing twelve-month return on equity of 14.03% and a net margin of 61.27%. During the same period in the previous year, the company posted $0.50 earnings per share.

Chicago Atlantic Real Estate Finance declared a quarterly dividend on Monday, September 18th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.47 per share on Friday, October 13th. This represents a $1.88 annualized dividend and a yield of 12.12%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for REFI.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) pays an annual dividend of $1.88 per share and currently has a dividend yield of 12.01%. REFI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 93.07%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, REFI will have a dividend payout ratio of 83.56% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for REFI.

ETFs with the largest weight of Chicago Atlantic Real Estate Finance (NASDAQ:REFI) stock in their portfolio include AXS Cannabis ETF (THCX), AdvisorShares Pure Cannabis ETF (YOLO) and ETFMG Alternative Harvest ETF (MJ).iShares Mortgage Real Estate ETF (REM).

(REFI) raised $106 million in an initial public offering on Wednesday, December 8th 2021. The company issued 6,250,000 shares at $16.00-$18.00 per share.

Chicago Atlantic Real Estate Finance's stock is owned by a number of retail and institutional investors. Top institutional investors include HighTower Advisors LLC (0.95%), Northern Trust Corp (0.73%), AdvisorShares Investments LLC (0.44%), Acadian Asset Management LLC (0.37%), Perritt Capital Management Inc. (0.36%) and Connor Clark & Lunn Investment Management Ltd. (0.32%). Insiders that own company stock include Anthony Cappell, David Kite, Jason D Papastavrou, John Mazarakis and Peter Sack.
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Shares of REFI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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