Connor Clark & Lunn Investment Management Ltd. Sells 7,977 Shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Connor Clark & Lunn Investment Management Ltd. lowered its stake in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 11.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,700 shares of the company’s stock after selling 7,977 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.31% of Chicago Atlantic Real Estate Finance worth $936,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its position in Chicago Atlantic Real Estate Finance by 169.2% during the third quarter. JPMorgan Chase & Co. now owns 34,074 shares of the company’s stock worth $528,000 after acquiring an additional 21,415 shares during the period. State Street Corp increased its holdings in Chicago Atlantic Real Estate Finance by 15.1% in the 3rd quarter. State Street Corp now owns 400,790 shares of the company’s stock valued at $6,403,000 after buying an additional 52,497 shares during the period. Magnus Financial Group LLC bought a new stake in Chicago Atlantic Real Estate Finance in the 4th quarter valued at $508,000. Barclays PLC increased its holdings in Chicago Atlantic Real Estate Finance by 271.9% in the 3rd quarter. Barclays PLC now owns 22,143 shares of the company’s stock valued at $343,000 after buying an additional 16,189 shares during the period. Finally, Catalina Capital Group LLC bought a new stake in Chicago Atlantic Real Estate Finance in the 4th quarter valued at $253,000. Institutional investors own 25.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JMP Securities reissued a “market outperform” rating and issued a $20.00 price target on shares of Chicago Atlantic Real Estate Finance in a report on Thursday, December 19th. Alliance Global Partners assumed coverage on shares of Chicago Atlantic Real Estate Finance in a research note on Tuesday, December 17th. They issued a “buy” rating and a $20.00 target price on the stock.

Chicago Atlantic Real Estate Finance Stock Performance

Shares of NASDAQ:REFI opened at $15.40 on Friday. Chicago Atlantic Real Estate Finance, Inc. has a 52 week low of $14.82 and a 52 week high of $16.47. The company’s fifty day moving average is $15.64 and its 200-day moving average is $15.70. The company has a market capitalization of $321.77 million, a PE ratio of 7.70 and a beta of 0.22.

Chicago Atlantic Real Estate Finance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 12.21%. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) 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.