Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Short Interest Update

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 680,117 shares, an increase of 32.9% from the December 15th total of 511,908 shares. Approximately 3.5% of the shares of the stock are short sold. Based on an average trading volume of 189,431 shares, the short-interest ratio is currently 3.6 days. Based on an average trading volume of 189,431 shares, the short-interest ratio is currently 3.6 days. Approximately 3.5% of the shares of the stock are short sold.

Chicago Atlantic Real Estate Finance Stock Down 1.1%

NASDAQ REFI opened at $12.55 on Friday. The stock’s 50-day simple moving average is $12.67 and its two-hundred day simple moving average is $13.18. Chicago Atlantic Real Estate Finance has a twelve month low of $11.85 and a twelve month high of $16.27. The company has a market capitalization of $264.55 million, a price-to-earnings ratio of 7.43 and a beta of 0.22.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03. The firm had revenue of $13.69 million for the quarter, compared to analyst estimates of $13.97 million. Chicago Atlantic Real Estate Finance had a return on equity of 11.94% and a net margin of 64.78%. On average, equities analysts expect that Chicago Atlantic Real Estate Finance will post 1.9 earnings per share for the current fiscal year.

Chicago Atlantic Real Estate Finance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 15.0%. Chicago Atlantic Real Estate Finance’s payout ratio is 111.24%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on REFI. Oppenheimer set a $14.00 price target on shares of Chicago Atlantic Real Estate Finance in a research report on Thursday, November 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Chicago Atlantic Real Estate Finance in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded Chicago Atlantic Real Estate Finance from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $14.00.

Institutional Trading of Chicago Atlantic Real Estate Finance

Large investors have recently added to or reduced their stakes in the stock. CWM LLC increased its stake in shares of Chicago Atlantic Real Estate Finance by 79.3% in the 3rd quarter. CWM LLC now owns 2,160 shares of the company’s stock worth $28,000 after acquiring an additional 955 shares in the last quarter. Strs Ohio purchased a new stake in Chicago Atlantic Real Estate Finance in the first quarter worth about $47,000. Transce3nd LLC bought a new position in shares of Chicago Atlantic Real Estate Finance during the second quarter valued at approximately $47,000. Russell Investments Group Ltd. lifted its holdings in shares of Chicago Atlantic Real Estate Finance by 29.2% during the second quarter. Russell Investments Group Ltd. now owns 3,552 shares of the company’s stock valued at $50,000 after purchasing an additional 803 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Chicago Atlantic Real Estate Finance by 3,041.1% during the second quarter. EverSource Wealth Advisors LLC now owns 6,722 shares of the company’s stock valued at $94,000 after purchasing an additional 6,508 shares during the last quarter. Institutional investors own 25.48% of the company’s stock.

About Chicago Atlantic Real Estate Finance

Chicago Atlantic Real Estate Finance, Inc (NASDAQ:REFI) is a publicly listed real estate finance company that specializes in originating and acquiring commercial real estate debt. Pursuant to its election to be treated as a real estate investment trust (REIT), REFI’s investment strategy focuses on floating-rate senior mortgage loans secured by income-producing properties across the United States. The company targets stabilized, performing assets in sectors such as multifamily, office, retail and industrial, aiming to generate attractive risk-adjusted returns through current income.

Established in 2015 and headquartered in Chicago, Illinois, REFI completed its initial public offering in 2019.