Corient Private Wealth LP Acquires New Shares in Chicago Atlantic Real Estate Finance, Inc. $REFI

Corient Private Wealth LP purchased a new stake in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 152,719 shares of the company’s stock, valued at approximately $1,637,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in Chicago Atlantic Real Estate Finance during the 2nd quarter valued at about $18,428,000. Fielder Capital Group LLC bought a new stake in shares of Chicago Atlantic Real Estate Finance in the second quarter worth approximately $10,530,000. Vanguard Group Inc. grew its stake in shares of Chicago Atlantic Real Estate Finance by 2.1% in the third quarter. Vanguard Group Inc. now owns 940,997 shares of the company’s stock worth $12,035,000 after acquiring an additional 19,227 shares during the period. Clayton Partners LLC raised its holdings in shares of Chicago Atlantic Real Estate Finance by 52.9% during the fourth quarter. Clayton Partners LLC now owns 211,000 shares of the company’s stock valued at $2,587,000 after purchasing an additional 73,037 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Chicago Atlantic Real Estate Finance by 5.0% during the third quarter. Van ECK Associates Corp now owns 198,812 shares of the company’s stock valued at $2,543,000 after purchasing an additional 9,426 shares during the last quarter. 25.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Chicago Atlantic Real Estate Finance

In other news, Chairman John Mazarakis bought 40,181 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were bought at an average price of $10.67 per share, for a total transaction of $428,731.27. Following the purchase, the chairman owned 519,032 shares in the company, valued at approximately $5,538,071.44. The trade was a 8.39% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Peter Sack purchased 3,500 shares of the stock in a transaction on Wednesday, August 19th. The shares were purchased at an average cost of $10.45 per share, for a total transaction of $36,575.00. Following the acquisition, the chief executive officer directly owned 123,356 shares of the company’s stock, valued at approximately $1,289,070.20. This represents a 2.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 122,856 shares of company stock worth $1,287,094. 6.50% of the stock is owned by company insiders.

Chicago Atlantic Real Estate Finance Price Performance

NASDAQ:REFI opened at $10.86 on Friday. Chicago Atlantic Real Estate Finance, Inc. has a one year low of $9.69 and a one year high of $14.57. The business has a fifty day moving average price of $10.49 and a 200-day moving average price of $11.27. The firm has a market capitalization of $278.23 million, a price-to-earnings ratio of 7.93 and a beta of 0.26.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.05). The company had revenue of $12.61 million for the quarter, compared to the consensus estimate of $14.17 million. Chicago Atlantic Real Estate Finance had a net margin of 54.57% and a return on equity of 11.53%. On average, equities research analysts expect that Chicago Atlantic Real Estate Finance, Inc. will post 1.72 earnings per share for the current fiscal year.

Chicago Atlantic Real Estate Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 17.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Chicago Atlantic Real Estate Finance’s payout ratio is presently 137.23%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on REFI. Citigroup restated a “market outperform” rating on shares of Chicago Atlantic Real Estate Finance in a research report on Wednesday, August 12th. Citizens Jmp cut their target price on shares of Chicago Atlantic Real Estate Finance from $18.00 to $16.00 and set a “market outperform” rating for the company in a research report on Wednesday, August 12th. Zacks Research lowered shares of Chicago Atlantic Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Atlantic Securities set a $16.00 price target on Chicago Atlantic Real Estate Finance in a research note on Wednesday, August 12th. Finally, Weiss Ratings raised shares of Chicago Atlantic Real Estate Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.33.

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.