Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Shares Bought by Barclays PLC

Barclays PLC grew its stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 271.9% during the third quarter, HoldingsChannel reports. The firm owned 22,143 shares of the company’s stock after purchasing an additional 16,189 shares during the quarter. Barclays PLC’s holdings in Chicago Atlantic Real Estate Finance were worth $343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. State Street Corp increased its stake in Chicago Atlantic Real Estate Finance by 15.1% in the 3rd quarter. State Street Corp now owns 400,790 shares of the company’s stock valued at $6,403,000 after buying an additional 52,497 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Chicago Atlantic Real Estate Finance by 315.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,677 shares of the company’s stock worth $1,065,000 after acquiring an additional 52,134 shares during the period. Gladstone Institutional Advisory LLC purchased a new position in Chicago Atlantic Real Estate Finance during the third quarter worth about $504,000. United Advisor Group LLC acquired a new stake in Chicago Atlantic Real Estate Finance in the third quarter valued at about $319,000. Finally, AdvisorShares Investments LLC boosted its holdings in Chicago Atlantic Real Estate Finance by 13.4% in the 2nd quarter. AdvisorShares Investments LLC now owns 101,361 shares of the company’s stock valued at $1,523,000 after purchasing an additional 12,000 shares in the last quarter. Hedge funds and other institutional investors own 25.48% of the company’s stock.

Chicago Atlantic Real Estate Finance Trading Up 0.4 %

REFI stock opened at $15.61 on Friday. The company’s 50-day moving average price is $15.83 and its 200 day moving average price is $15.71. Chicago Atlantic Real Estate Finance, Inc. has a 52 week low of $14.82 and a 52 week high of $16.75. The company has a market cap of $306.49 million, a P/E ratio of 7.81 and a beta of 0.23.

Chicago Atlantic Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 12.04%. The ex-dividend date of this dividend is Tuesday, December 31st. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is 94.00%.

Wall Street Analyst Weigh In

REFI has been the subject of a number of analyst reports. Alliance Global Partners assumed coverage on Chicago Atlantic Real Estate Finance in a research note on Tuesday, December 17th. They set a “buy” rating and a $20.00 target price for the company. JMP Securities reiterated a “market outperform” rating and issued a $20.00 price objective on shares of Chicago Atlantic Real Estate Finance in a research report on Thursday, December 19th.

Insider Buying and Selling

In other Chicago Atlantic Real Estate Finance news, insider John Mazarakis acquired 2,779 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average cost of $15.82 per share, for a total transaction of $43,963.78. Following the transaction, the insider now directly owns 372,709 shares of the company’s stock, valued at approximately $5,896,256.38. This represents a 0.75 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 12.30% of the company’s stock.

Chicago Atlantic Real Estate Finance Company Profile

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.