Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI – Get a rating) announced a quarterly dividend on Thursday, December 15, Zacks reports. Shareholders of record on Friday, December 30 will receive a dividend of 0.76 per share on Friday, January 13. This represents an annualized dividend of $3.04 and a dividend yield of 19.58%. The ex-dividend date is Thursday, December 29. This is a boost from Chicago Atlantic Real Estate Finance’s previous quarterly dividend of $0.47.
Chicago Atlantic Real Estate Finance Price Performance
Shares of NASDAQ REFI opened at $15.53 on Friday. Chicago Atlantic Real Estate Finance has a 1-year low of $13.87 and a 1-year high of $20.29. The company has a 50-day moving average of $15.27 and a 200-day moving average of $15.31. The company has a market capitalization of $274.23 million and a price-earnings ratio of 7.84.
Insider Trading at Chicago Atlantic Real Estate Finance
Separately, insider Peter Sack bought 2,396 shares of the company in a trade dated Monday, December 12. The stock was purchased at an average price of $15.86 per share, with a total value of $38,000.56. Following the completion of the transaction, the insider now directly owns 5,821 shares of the company, valued at $92,321.06. The acquisition was disclosed in a legal filing with the SEC, which is available via the SEC website. In other Chicago Atlantic Real Estate Finance news, insider Peter Sack purchased 2,396 shares of Chicago Atlantic Real Estate Finance in a trade that took place on Monday, December 12. The shares were purchased at an average price of $15.86 per share, with a total value of $38,000.56. Following the completion of the acquisition, the insider now owns 5,821 shares of the company, valued at approximately $92,321.06. The purchase was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC website. Additionally, CEO Anthony Cappell purchased 9,184 shares of Chicago Atlantic Real Estate Finance in a transaction that took place on Monday, December 12. The shares were acquired at an average cost of $15.86 per share, with a total value of $145,658.24. As a result of the acquisition, the CEO now directly owns 227,454 shares of the company, valued at approximately $3,607,420.44. Disclosure of this purchase can be found here. Insiders of the company own 8.95% of the shares of the company.
Institutional entries and exits
A number of institutional investors and hedge funds have recently bought and sold REFI shares. Vanguard Group Inc. increased its equity stake in Chicago Atlantic Real Estate Finance to 93.2% during the third quarter. Vanguard Group Inc. now owns 642,576 shares of the company worth $9,259,000 after purchasing an additional 309,918 shares during the period. BlackRock Inc. acquired a new stake in shares of Chicago Atlantic Real Estate Finance during the first quarter at a value of $5,183,000. State Street Corp increased its holdings of Chicago Atlantic Real Estate Finance shares by 11.5% during the third quarter. State Street Corp now owns 83,063 shares of the company worth $1,236,000 after purchasing an additional 8,582 shares during the period. Northern Trust Corp increased its holdings of Chicago Atlantic Real Estate Finance shares 8.3% in the second quarter. Northern Trust Corp now owns 55,617 shares of the company worth $837,000 after purchasing an additional 4,286 shares during the period. Finally, Vident Investment Advisory LLC acquired a new stake in the shares of Chicago Atlantic Real Estate Finance during the first quarter at a value of $630,000. Hedge funds and other institutional investors own 13.65% of the company’s shares.
About Chicago Atlantic Real Estate Finance
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 finance secured by commercial real estate. The company offers preferred loans to state-licensed operators and landowners in the cannabis industry.
Featured Articles
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected].
Before you consider Chicago Atlantic Real Estate Finance, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market spreads…and Chicago Atlantic Real Estate Finance was not on the list.
While Chicago Atlantic Real Estate Finance currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.