Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Stock Holdings Lifted by Lindbrook Capital LLC

Lindbrook Capital LLC raised its stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 109.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of REFI. SG Americas Securities LLC purchased a new position in shares of Chicago Atlantic Real Estate Finance during the 3rd quarter valued at $105,000. Nisa Investment Advisors LLC grew its holdings 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 valued at $147,000 after acquiring 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 valued at $187,000. O Shaughnessy Asset Management LLC grew its holdings 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 valued at $243,000 after acquiring an additional 1,913 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings 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 valued at $503,000 after acquiring an additional 821 shares in the last quarter. Institutional investors own 25.48% of the company’s stock.

Analyst Ratings Changes

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

Chicago Atlantic Real Estate Finance Trading Up 0.2 %

REFI stock 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 fifty day simple moving average of $15.89 and a 200 day simple moving average of $15.66. The firm has a market cap of $285.92 million, a PE ratio of 7.41 and a beta of 0.22.

Chicago Atlantic Real Estate Finance Cuts Dividend

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

About Chicago Atlantic Real Estate Finance

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.