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S&P 500   4,210.24
DOW   33,309.51
QQQ   325.93
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The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
The How and Why of Investing in Gold Stocks
The 2 Dow Stocks with Decade-Long Win Streaks on the Line
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Forget Tesla, THIS Could be the Biggest EV Investment Play in 2022 (Ad)
Closing prices for crude oil, gold and other commodities
Wall Street roars after inflation cools more than expected
Rhine River could fall below critical mark, risking industry
Investors Look to Capitalize on the Budding Green Revolution (Ad)
S&P 500   4,210.24
DOW   33,309.51
QQQ   325.93
The How And Why of Investing in Oil Stocks
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
The How and Why of Investing in Gold Stocks
The 2 Dow Stocks with Decade-Long Win Streaks on the Line
Trump says he took the Fifth in NY civil investigation
Forget Tesla, THIS Could be the Biggest EV Investment Play in 2022 (Ad)
Closing prices for crude oil, gold and other commodities
Wall Street roars after inflation cools more than expected
Rhine River could fall below critical mark, risking industry
Investors Look to Capitalize on the Budding Green Revolution (Ad)
S&P 500   4,210.24
DOW   33,309.51
QQQ   325.93
The How And Why of Investing in Oil Stocks
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo? (Ad)
The How and Why of Investing in Gold Stocks
The 2 Dow Stocks with Decade-Long Win Streaks on the Line
Trump says he took the Fifth in NY civil investigation
Forget Tesla, THIS Could be the Biggest EV Investment Play in 2022 (Ad)
Closing prices for crude oil, gold and other commodities
Wall Street roars after inflation cools more than expected
Rhine River could fall below critical mark, risking industry
Investors Look to Capitalize on the Budding Green Revolution (Ad)
NASDAQ:REFI

Chicago Atlantic Real Estate Finance - REFI Stock Forecast, Price & News

$15.10
-0.47 (-3.02%)
(As of 08/10/2022 12:00 AM ET)
Add
Compare
Today's Range
$14.92
$15.63
50-Day Range
$14.17
$17.92
52-Week Range
$13.87
$20.29
Volume
52,390 shs
Average Volume
42,265 shs
Market Capitalization
$266.67 million
P/E Ratio
N/A
Dividend Yield
12.07%
Price Target
$22.25

Chicago Atlantic Real Estate Finance MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
44.4% Upside
$21.80 Price Target
Short Interest
Healthy
0.56% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.19mentions of Chicago Atlantic Real Estate Finance in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
$120,953 Bought Last Quarter
Proj. Earnings Growth
10.99%
From $1.82 to $2.02 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.62 out of 5 stars

Finance Sector

408th out of 906 stocks

Real Estate Investment Trusts Industry

87th out of 196 stocks

REFI stock logo

About Chicago Atlantic Real Estate Finance (NASDAQ:REFI) Stock

Chicago Atlantic Real Estate Finance, Inc. operates as a commercial real estate finance company in the United States. It originates, structures, and invests in first mortgage loans and alternative structured financings secured by commercial real estate properties. The company offers senior loans to state-licensed operators and property owners in the cannabis industry. It has elected to be taxed as a real estate investment trust (REIT) and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2021 and is based in Chicago, Illinois.

Analyst Upgrades and Downgrades

Separately, EF Hutton Acquisition Corp I lowered their price target on shares of Chicago Atlantic Real Estate Finance from $21.00 to $20.00 and set a "buy" rating for the company in a research report on Wednesday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Chicago Atlantic Real Estate Finance currently has an average rating of "Buy" and a consensus price target of $21.80.

Chicago Atlantic Real Estate Finance Stock Performance

REFI traded down $0.61 during midday trading on Wednesday, hitting $14.96. 444 shares of the company traded hands, compared to its average volume of 63,717. Chicago Atlantic Real Estate Finance has a 52-week low of $13.87 and a 52-week high of $20.29. The business has a 50 day simple moving average of $15.44 and a two-hundred day simple moving average of $17.05.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI - Get Rating) last announced its quarterly earnings results on Thursday, May 12th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. Equities analysts anticipate that Chicago Atlantic Real Estate Finance will post 1.82 earnings per share for the current fiscal year.

Chicago Atlantic Real Estate Finance Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.47 per share. The ex-dividend date was Wednesday, June 29th. This is a boost from Chicago Atlantic Real Estate Finance's previous quarterly dividend of $0.40. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.57%.

Insider Buying and Selling

In related news, Chairman John Mazarakis acquired 7,000 shares of the business's stock in a transaction dated Monday, May 23rd. The shares were acquired at an average cost of $15.50 per share, for a total transaction of $108,500.00. Following the acquisition, the chairman now directly owns 163,250 shares in the company, valued at approximately $2,530,375. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have acquired 7,800 shares of company stock worth $120,953 in the last three months.

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REFI Stock News Headlines

Chicago Atlantic Group
Chicago Atlantic Real Estate Finance, Inc.
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REFI Company Calendar

Last Earnings
5/12/2022
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Today
8/11/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:REFI
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$21.80
High Stock Price Forecast
$26.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+47.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$11.07 million
Cash Flow
$0.50 per share
Book Value
$15.13 per share

Miscellaneous

Free Float
N/A
Market Cap
$266.67 million
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. John Mazarakis (Age 44)
    Exec. Chairman of Chicago Atlantic REIT Mang., LLC
  • Mr. Anthony Cappell (Age 37)
    CEO & Director of Chicago Atlantic REIT Mang., LLC
  • Dr. Andreas A. Bodmeier Ph.D. (Age 33)
    Co-Pres, Chief Investment Officer & Director of Chicago Atlantic REIT Mang., LLC
  • Mr. Peter S. Sack (Age 32)
    Co-Pres & Director of Chicago Atlantic REIT Mang., LLC
  • Ms. Lindsay Menze (Age 33)
    CFO & Sec. of Chicago Atlantic REIT Mang., LLC
  • Mr. David Kite (Age 51)
    Chief Operating Officer of Chicago Atlantic REIT Mang., LLC













REFI Stock - Frequently Asked Questions

Should I buy or sell Chicago Atlantic Real Estate Finance stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chicago Atlantic Real Estate Finance in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" REFI shares.
View REFI analyst ratings
or view top-rated stocks.

What is Chicago Atlantic Real Estate Finance's stock price forecast for 2022?

5 analysts have issued 12-month target prices for Chicago Atlantic Real Estate Finance's shares. Their REFI share price forecasts range from $18.00 to $26.00. On average, they expect the company's share price to reach $21.80 in the next twelve months. This suggests a possible upside of 44.4% from the stock's current price.
View analysts price targets for REFI
or view top-rated stocks among Wall Street analysts.

How have REFI shares performed in 2022?

Chicago Atlantic Real Estate Finance's stock was trading at $16.65 at the start of the year. Since then, REFI shares have decreased by 9.3% and is now trading at $15.10.
View the best growth stocks for 2022 here
.

When is Chicago Atlantic Real Estate Finance's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our REFI earnings forecast
.

How were Chicago Atlantic Real Estate Finance's earnings last quarter?

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) issued its quarterly earnings results on Thursday, May, 12th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02.

How often does Chicago Atlantic Real Estate Finance pay dividends? What is the dividend yield for Chicago Atlantic Real Estate Finance?

Chicago Atlantic Real Estate Finance announced a quarterly dividend on Wednesday, June 15th. Investors of record on Thursday, June 30th will be given a dividend of $0.47 per share on Friday, July 15th. This represents a $1.88 annualized dividend and a dividend yield of 12.45%. The ex-dividend date is Wednesday, June 29th. This is an increase from the stock's previous quarterly dividend of $0.40.
Read our dividend analysis for REFI
.

Is Chicago Atlantic Real Estate Finance a good dividend stock?

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) pays an annual dividend of $1.88 per share and currently has a dividend yield of 12.07%. REFI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for REFI.

When did Chicago Atlantic Real Estate Finance IPO?

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

What is Chicago Atlantic Real Estate Finance's stock symbol?

Chicago Atlantic Real Estate Finance trades on the NASDAQ under the ticker symbol "REFI."

Who are Chicago Atlantic Real Estate Finance's major shareholders?

Chicago Atlantic Real Estate Finance's stock is owned by many different retail and institutional investors. Top institutional shareholders include Emfo LLC (0.87%), Commonwealth Equity Services LLC (0.14%), Sage Mountain Advisors LLC (0.09%), PBMares Wealth Management LLC (0.09%) and Portland Global Advisors LLC (0.07%). Insiders that own company stock include David Kite, Jason D Papastavrou and John Mazarakis.
View institutional ownership trends
.

How do I buy shares of Chicago Atlantic Real Estate Finance?

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.
Compare Top Brokerages Here.

What is Chicago Atlantic Real Estate Finance's stock price today?

One share of REFI stock can currently be purchased for approximately $15.10.

How much money does Chicago Atlantic Real Estate Finance make?

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) has a market capitalization of $266.64 million and generates $11.07 million in revenue each year.

How can I contact Chicago Atlantic Real Estate Finance?

The official website for the company is www.chicagoatlanticcredit.com. The company can be reached via phone at 312-809-7002 or via email at investors@chicagoatlantic.com.

This page (NASDAQ:REFI) was last updated on 8/11/2022 by MarketBeat.com Staff

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