Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Announces $0.47 Quarterly Dividend

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) declared a quarterly dividend on Wednesday, June 17th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.47 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 16.9%. The ex-dividend date is Tuesday, June 30th.

Chicago Atlantic Real Estate Finance has a dividend payout ratio of 90.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Chicago Atlantic Real Estate Finance to earn $1.80 per share next year, which means the company may not be able to cover its $1.88 annual dividend with an expected future payout ratio of 104.4%.

Chicago Atlantic Real Estate Finance Trading Down 0.6%

Shares of Chicago Atlantic Real Estate Finance stock traded down $0.07 during trading hours on Wednesday, reaching $11.11. The stock had a trading volume of 285,482 shares, compared to its average volume of 147,616. The stock’s 50 day moving average is $11.56 and its 200 day moving average is $12.06. The firm has a market capitalization of $235.64 million, a PE ratio of 7.72 and a beta of 0.23. Chicago Atlantic Real Estate Finance has a twelve month low of $10.74 and a twelve month high of $14.59.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) last posted its earnings results on Thursday, May 7th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The business had revenue of $12.92 million for the quarter, compared to analyst estimates of $13.69 million. Chicago Atlantic Real Estate Finance had a net margin of 55.54% and a return on equity of 11.98%. As a group, sell-side analysts predict that Chicago Atlantic Real Estate Finance will post 1.72 earnings per share for the current year.

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.