Acadian Asset Management LLC Has $316,000 Stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Acadian Asset Management LLC decreased its position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 74.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 20,920 shares of the company’s stock after selling 62,220 shares during the period. Acadian Asset Management LLC owned about 0.12% of Chicago Atlantic Real Estate Finance worth $316,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG acquired a new position in Chicago Atlantic Real Estate Finance in the 4th quarter worth approximately $25,000. Royal Bank of Canada acquired a new stake in shares of Chicago Atlantic Real Estate Finance during the 1st quarter valued at $28,000. Lindbrook Capital LLC boosted its stake in shares of Chicago Atlantic Real Estate Finance by 51.7% during the 2nd quarter. Lindbrook Capital LLC now owns 2,200 shares of the company’s stock valued at $33,000 after buying an additional 750 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Chicago Atlantic Real Estate Finance by 632.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,411 shares of the company’s stock valued at $37,000 after buying an additional 2,082 shares during the period. Finally, Barclays PLC boosted its stake in shares of Chicago Atlantic Real Estate Finance by 92.7% during the 1st quarter. Barclays PLC now owns 2,818 shares of the company’s stock valued at $38,000 after buying an additional 1,356 shares during the period. Institutional investors and hedge funds own 25.73% of the company’s stock.

Analyst Upgrades and Downgrades

REFI has been the subject of a number of research reports. Piper Sandler initiated coverage on shares of Chicago Atlantic Real Estate Finance in a research note on Friday, September 1st. They set a “neutral” rating and a $16.00 target price for the company. Compass Point lowered shares of Chicago Atlantic Real Estate Finance from a “buy” rating to a “neutral” rating and set a $16.00 target price for the company. in a research note on Tuesday, September 5th. Finally, 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 Tuesday, August 15th.

Chicago Atlantic Real Estate Finance Trading Up 0.2 %

Chicago Atlantic Real Estate Finance stock opened at $15.03 on Friday. The company has a market capitalization of $273.25 million, a P/E ratio of 7.44 and a beta of 0.08. The firm’s fifty day simple moving average is $14.86 and its 200-day simple moving average is $14.95. Chicago Atlantic Real Estate Finance, Inc. has a 1-year low of $12.91 and a 1-year high of $16.50.

Chicago Atlantic Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.51%. Chicago Atlantic Real Estate Finance’s dividend payout ratio is currently 93.07%.

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. 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 in the cannabis industry.