Vanguard Group Inc. raised its holdings in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Free Report) by 5.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 809,997 shares of the company’s stock after buying an additional 42,740 shares during the quarter. Vanguard Group Inc. owned about 4.24% of Chicago Atlantic Real Estate Finance worth $12,774,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Larson Financial Group LLC lifted its position in Chicago Atlantic Real Estate Finance by 328.8% in the first quarter. Larson Financial Group LLC now owns 1,578 shares of the company’s stock valued at $25,000 after buying an additional 1,210 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in shares of Chicago Atlantic Real Estate Finance during the 1st quarter worth about $33,000. Newbridge Financial Services Group Inc. purchased a new stake in Chicago Atlantic Real Estate Finance during the first quarter worth approximately $37,000. Lindbrook Capital LLC boosted its holdings in Chicago Atlantic Real Estate Finance by 109.0% in the fourth quarter. Lindbrook Capital LLC now owns 4,738 shares of the company’s stock valued at $77,000 after purchasing an additional 2,471 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Chicago Atlantic Real Estate Finance by 25.0% during the 4th quarter. SG Americas Securities LLC now owns 8,931 shares of the company’s stock worth $145,000 after acquiring an additional 1,787 shares in the last quarter. Hedge funds and other institutional investors own 25.48% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Lake Street Capital raised shares of Chicago Atlantic Real Estate Finance to a “strong-buy” rating in a research note on Tuesday, May 7th.
Check Out Our Latest Analysis on Chicago Atlantic Real Estate Finance
Chicago Atlantic Real Estate Finance Stock Down 0.1 %
NASDAQ:REFI opened at $15.04 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 $287.26 million, a P/E ratio of 7.56 and a beta of 0.21. The firm’s 50 day moving average is $15.64 and its two-hundred day moving average is $15.76.
Chicago Atlantic Real Estate Finance Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.47 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.88 annualized dividend and a dividend yield of 12.50%. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is 94.47%.
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.
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