HighTower Advisors LLC Increases Stock Position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

HighTower Advisors LLC grew its holdings in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 2.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 78,566 shares of the company’s stock after buying an additional 2,148 shares during the period. HighTower Advisors LLC’s holdings in Chicago Atlantic Real Estate Finance were worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Chicago Atlantic Real Estate Finance during the 4th quarter valued at approximately $119,000. Janus Henderson Group PLC acquired a new position in Chicago Atlantic Real Estate Finance during the third quarter worth $160,000. Townsquare Capital LLC purchased a new stake in Chicago Atlantic Real Estate Finance during the third quarter worth $162,000. Bleakley Financial Group LLC purchased a new stake in Chicago Atlantic Real Estate Finance during the fourth quarter worth $164,000. Finally, HB Wealth Management LLC acquired a new stake in Chicago Atlantic Real Estate Finance in the fourth quarter valued at $191,000. 25.48% of the stock is owned by hedge funds and other institutional investors.

Chicago Atlantic Real Estate Finance Price Performance

REFI opened at $15.42 on Wednesday. Chicago Atlantic Real Estate Finance, Inc. has a 12 month low of $14.82 and a 12 month high of $16.47. The business has a 50-day moving average of $15.65 and a two-hundred day moving average of $15.69. The stock has a market capitalization of $322.19 million, a price-to-earnings ratio of 7.71 and a beta of 0.22.

Chicago Atlantic Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 12.19%. The ex-dividend date of this dividend is Monday, March 31st. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analysts Forecast Growth

REFI has been the topic of several recent research reports. Alliance Global Partners started coverage on shares of Chicago Atlantic Real Estate Finance in a report on Tuesday, December 17th. They issued a “buy” rating and a $20.00 price target on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $20.00 target price on shares of Chicago Atlantic Real Estate Finance in a research note on Thursday, December 19th.

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.