California State Teachers Retirement System Reduces Stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

California State Teachers Retirement System cut its holdings in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Free Report) by 38.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,646 shares of the company’s stock after selling 1,049 shares during the quarter. California State Teachers Retirement System’s holdings in Chicago Atlantic Real Estate Finance were worth $26,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Chicago Atlantic Real Estate Finance by 5.6% in the first quarter. Vanguard Group Inc. now owns 809,997 shares of the company’s stock worth $12,774,000 after acquiring an additional 42,740 shares during the period. Sage Mountain Advisors LLC grew its position in Chicago Atlantic Real Estate Finance by 1.2% during the 1st quarter. Sage Mountain Advisors LLC now owns 72,785 shares of the company’s stock worth $1,148,000 after purchasing an additional 872 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Chicago Atlantic Real Estate Finance by 3.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 36,428 shares of the company’s stock valued at $574,000 after buying an additional 1,363 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Chicago Atlantic Real Estate Finance by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,105 shares of the company’s stock valued at $365,000 after buying an additional 1,111 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of Chicago Atlantic Real Estate Finance by 4.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 17,501 shares of the company’s stock worth $276,000 after buying an additional 747 shares during the last quarter. 25.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Lake Street Capital upgraded Chicago Atlantic Real Estate Finance to a “strong-buy” rating in a research report on Tuesday, May 7th.

Get Our Latest Analysis on REFI

Chicago Atlantic Real Estate Finance Stock Performance

Shares of Chicago Atlantic Real Estate Finance stock opened at $15.49 on Wednesday. Chicago Atlantic Real Estate Finance, Inc. has a fifty-two week low of $13.86 and a fifty-two week high of $17.65. The company has a market cap of $295.86 million, a P/E ratio of 7.78 and a beta of 0.21. The firm has a 50-day simple moving average of $15.61 and a two-hundred day simple moving average of $15.73.

Chicago Atlantic Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.88 dividend on an annualized basis and a yield of 12.14%. Chicago Atlantic Real Estate Finance’s dividend payout ratio is currently 94.47%.

Chicago Atlantic Real Estate Finance Company Profile

(Free Report)

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.

Further Reading

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