Quantbot Technologies LP Makes New Investment in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Quantbot Technologies LP purchased a new stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) during the 4th quarter, Holdings Channel reports. The fund purchased 2,631 shares of the company’s stock, valued at approximately $41,000.

Several other large investors have also modified their holdings of the business. Commonwealth Equity Services LLC lifted its holdings in Chicago Atlantic Real Estate Finance by 4.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 44,659 shares of the company’s stock valued at $689,000 after purchasing an additional 1,842 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Chicago Atlantic Real Estate Finance by 2.8% in the fourth quarter. HighTower Advisors LLC now owns 78,566 shares of the company’s stock valued at $1,211,000 after buying an additional 2,148 shares during the last quarter. Sage Mountain Advisors LLC lifted its stake in shares of Chicago Atlantic Real Estate Finance by 5.4% during the fourth quarter. Sage Mountain Advisors LLC now owns 122,932 shares of the company’s stock valued at $1,896,000 after buying an additional 6,329 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Chicago Atlantic Real Estate Finance by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,332 shares of the company’s stock worth $792,000 after acquiring an additional 2,354 shares during the last quarter. Finally, Fielder Capital Group LLC grew its stake in Chicago Atlantic Real Estate Finance by 8.8% in the 4th quarter. Fielder Capital Group LLC now owns 674,286 shares of the company’s stock worth $10,397,000 after acquiring an additional 54,605 shares during the period. 25.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Chicago Atlantic Real Estate Finance Trading Up 0.6 %

Shares of Chicago Atlantic Real Estate Finance stock opened at $14.79 on Wednesday. The stock has a market capitalization of $309.02 million, a P/E ratio of 7.40 and a beta of 0.22. The business’s fifty day moving average price is $15.61 and its 200 day moving average price is $15.67. Chicago Atlantic Real Estate Finance, Inc. has a twelve month low of $14.48 and a twelve month high of $16.47.

Chicago Atlantic Real Estate Finance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 12.71%. The ex-dividend date is Monday, March 31st. Chicago Atlantic Real Estate Finance’s payout ratio is 100.00%.

Chicago Atlantic Real Estate Finance 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.