Chicago Atlantic Real Estate Finance (REFI) to Release Earnings on Tuesday

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) will release its earnings data before the market opens on Tuesday, May 7th. Analysts expect Chicago Atlantic Real Estate Finance to post earnings of $0.55 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Chicago Atlantic Real Estate Finance Stock Performance

Shares of Chicago Atlantic Real Estate Finance stock opened at $15.99 on Monday. The firm has a 50-day moving average of $15.86 and a 200-day moving average of $15.71. The stock has a market cap of $305.41 million, a PE ratio of 7.54 and a beta of 0.22. Chicago Atlantic Real Estate Finance has a 52-week low of $13.67 and a 52-week high of $17.65.

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 given a dividend of $0.47 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.88 annualized dividend and a yield of 11.76%. Chicago Atlantic Real Estate Finance’s dividend payout ratio is 88.68%.

Analyst Upgrades and Downgrades

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

Chicago Atlantic Real Estate Finance Company 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.