Lindbrook Capital LLC Boosts Stock Position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Lindbrook Capital LLC raised its stake in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 109.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,738 shares of the company’s stock after acquiring an additional 2,471 shares during the period. Lindbrook Capital LLC’s holdings in Chicago Atlantic Real Estate Finance were worth $77,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in REFI. SG Americas Securities LLC purchased a new position in shares of Chicago Atlantic Real Estate Finance during the 3rd quarter worth approximately $105,000. Nisa Investment Advisors LLC raised its stake in shares of Chicago Atlantic Real Estate Finance by 38.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 9,074 shares of the company’s stock worth $147,000 after buying an additional 2,500 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Chicago Atlantic Real Estate Finance during the 3rd quarter worth approximately $187,000. O Shaughnessy Asset Management LLC raised its stake in shares of Chicago Atlantic Real Estate Finance by 13.1% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 16,516 shares of the company’s stock worth $243,000 after buying an additional 1,913 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Chicago Atlantic Real Estate Finance by 2.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 34,189 shares of the company’s stock worth $503,000 after buying an additional 821 shares in the last quarter. 25.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JMP Securities reissued a “market outperform” rating and set a $20.00 target price on shares of Chicago Atlantic Real Estate Finance in a research note on Wednesday, March 13th.

Chicago Atlantic Real Estate Finance Price Performance

NASDAQ REFI opened at $15.71 on Thursday. Chicago Atlantic Real Estate Finance, Inc. has a 1-year low of $13.67 and a 1-year high of $17.65. The company has a market capitalization of $285.92 million, a P/E ratio of 7.41 and a beta of 0.22. The business has a 50 day moving average price of $15.89 and a 200 day moving average price of $15.66.

Chicago Atlantic Real Estate Finance Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 11.97%. The ex-dividend date of this dividend was Wednesday, March 27th. Chicago Atlantic Real Estate Finance’s payout ratio is currently 88.68%.

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.