Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Get Rating) declared a quarterly dividend on Wednesday, March 15th, Zacks reports. Stockholders of record on Friday, March 31st will be paid a dividend of 0.47 per share on Friday, April 14th. This represents a $1.88 annualized dividend and a dividend yield of 14.18%. The ex-dividend date of this dividend is Thursday, March 30th.
Chicago Atlantic Real Estate Finance Stock Up 2.0 %
Shares of REFI stock opened at $13.26 on Friday. Chicago Atlantic Real Estate Finance has a 12-month low of $12.91 and a 12-month high of $19.42. The firm has a market capitalization of $239.74 million and a price-to-earnings ratio of 7.29. The firm has a fifty day moving average of $14.92 and a 200-day moving average of $15.08.
Insider Transactions at Chicago Atlantic Real Estate Finance
In other news, insider John Mazarakis acquired 10,000 shares of Chicago Atlantic Real Estate Finance stock in a transaction dated Tuesday, March 14th. The stock was bought at an average cost of $13.19 per share, with a total value of $131,900.00. Following the completion of the transaction, the insider now directly owns 243,954 shares of the company’s stock, valued at $3,217,753.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.95% of the stock is owned by insiders.
Institutional Inflows and Outflows
Analyst Ratings Changes
A number of research firms have issued reports on REFI. EF Hutton Acquisition Co. I reissued a “buy” rating and issued a $18.00 target price (down from $20.00) on shares of Chicago Atlantic Real Estate Finance in a research note on Thursday, March 9th. JMP Securities reiterated a “market outperform” rating and issued a $20.00 price target on shares of Chicago Atlantic Real Estate Finance in a report on Friday, March 10th.
About Chicago Atlantic Real Estate Finance
Chicago Atlantic Real Estate Finance, Inc operates as a commercial real estate finance company in the United States. It originates, structures, and invests in first mortgage loans and alternative structured financings secured by commercial real estate properties. The company offers senior loans to state-licensed operators and property owners in the cannabis industry.
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