10,607 Shares in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC purchased a new stake in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 10,607 shares of the company’s stock, valued at approximately $164,000.

Several other large investors have also made changes to their positions in the business. The Manufacturers Life Insurance Company grew its stake in shares of Chicago Atlantic Real Estate Finance by 6.6% in the third quarter. The Manufacturers Life Insurance Company now owns 21,684 shares of the company’s stock worth $336,000 after acquiring an additional 1,349 shares during the last quarter. Martingale Asset Management L P grew its holdings in shares of Chicago Atlantic Real Estate Finance by 10.4% during the 3rd quarter. Martingale Asset Management L P now owns 18,045 shares of the company’s stock worth $280,000 after purchasing an additional 1,703 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Chicago Atlantic Real Estate Finance during the fourth quarter valued at approximately $119,000. Janus Henderson Group PLC bought a new position in Chicago Atlantic Real Estate Finance in the third quarter worth $160,000. Finally, Townsquare Capital LLC acquired a new stake in Chicago Atlantic Real Estate Finance during the third quarter worth $162,000. Institutional investors and hedge funds own 25.48% of the company’s stock.

Chicago Atlantic Real Estate Finance Stock Performance

Shares of REFI opened at $15.75 on Thursday. The company has a market cap of $309.17 million, a price-to-earnings ratio of 7.88 and a beta of 0.23. The stock has a fifty day moving average price of $15.66 and a two-hundred day moving average price of $15.65. Chicago Atlantic Real Estate Finance, Inc. has a 52-week low of $14.82 and a 52-week high of $16.49.

Chicago Atlantic Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Tuesday, December 31st were issued a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 11.94%. Chicago Atlantic Real Estate Finance’s dividend payout ratio is 94.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Alliance Global Partners initiated coverage on shares of Chicago Atlantic Real Estate Finance in a report on Tuesday, December 17th. They set a “buy” rating and a $20.00 price objective for the company. JMP Securities reiterated a “market outperform” rating and set a $20.00 target price on shares of Chicago Atlantic Real Estate Finance in a research report on Thursday, December 19th.

About Chicago Atlantic Real Estate Finance

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.