Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its position in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 149.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,168 shares of the company’s stock after purchasing an additional 15,092 shares during the quarter. Orion Portfolio Solutions LLC owned approximately 0.13% of Chicago Atlantic Real Estate Finance worth $388,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Chicago Atlantic Real Estate Finance in the 4th quarter worth $41,000. SG Americas Securities LLC acquired a new stake in Chicago Atlantic Real Estate Finance during the fourth quarter worth about $119,000. Janus Henderson Group PLC purchased a new stake in shares of Chicago Atlantic Real Estate Finance during the 3rd quarter valued at approximately $160,000. Bleakley Financial Group LLC acquired a new stake in Chicago Atlantic Real Estate Finance during the fourth quarter worth $164,000. Finally, HB Wealth Management LLC purchased a new stake in Chicago Atlantic Real Estate Finance in the 4th quarter valued at about $191,000. Hedge funds and other institutional investors own 25.48% of the company’s stock.

Analysts Set New Price Targets

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

Chicago Atlantic Real Estate Finance Trading Down 1.4 %

Shares of Chicago Atlantic Real Estate Finance stock opened at $13.44 on Wednesday. Chicago Atlantic Real Estate Finance, Inc. has a 12-month low of $13.15 and a 12-month high of $16.47. The stock has a market cap of $280.82 million, a price-to-earnings ratio of 6.72 and a beta of 0.26. The company has a fifty day simple moving average of $15.46 and a 200-day simple moving average of $15.59.

Chicago Atlantic Real Estate Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 13.99%. The ex-dividend date is Monday, March 31st. Chicago Atlantic Real Estate Finance’s payout ratio is currently 100.00%.

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.