Vanguard Group Inc. Has $12.77 Million Stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Vanguard Group Inc. raised its stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 5.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 809,997 shares of the company’s stock after buying an additional 42,740 shares during the period. Vanguard Group Inc.’s holdings in Chicago Atlantic Real Estate Finance were worth $12,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Sage Mountain Advisors LLC lifted its holdings in shares of Chicago Atlantic Real Estate Finance by 1.2% in the first quarter. Sage Mountain Advisors LLC now owns 72,785 shares of the company’s stock worth $1,148,000 after acquiring an additional 872 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Chicago Atlantic Real Estate Finance by 3.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 36,428 shares of the company’s stock worth $574,000 after purchasing an additional 1,363 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of Chicago Atlantic Real Estate Finance by 22.8% in the 4th quarter. Truist Financial Corp now owns 16,144 shares of the company’s stock worth $261,000 after purchasing an additional 3,000 shares in the last quarter. SlateStone Wealth LLC bought a new position in shares of Chicago Atlantic Real Estate Finance in the 4th quarter worth $201,000. Finally, Jump Financial LLC lifted its stake in Chicago Atlantic Real Estate Finance by 8.8% during the 4th quarter. Jump Financial LLC now owns 11,100 shares of the company’s stock valued at $180,000 after acquiring an additional 900 shares in the last quarter. Institutional investors own 25.48% of the company’s stock.

Chicago Atlantic Real Estate Finance Price Performance

NASDAQ:REFI opened at $15.04 on Wednesday. The business has a 50 day moving average of $15.64 and a 200 day moving average of $15.76. The company has a market capitalization of $287.26 million, a price-to-earnings ratio of 7.56 and a beta of 0.21. Chicago Atlantic Real Estate Finance, Inc. has a 1-year low of $13.86 and a 1-year high of $17.65.

Chicago Atlantic Real Estate Finance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.47 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.88 annualized dividend and a yield of 12.50%. Chicago Atlantic Real Estate Finance’s payout ratio is 94.47%.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital raised Chicago Atlantic Real Estate Finance to a “strong-buy” rating in a research report on Tuesday, May 7th.

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.