SG Americas Securities LLC Raises Stock Position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

SG Americas Securities LLC grew its holdings in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 25.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,931 shares of the company’s stock after acquiring an additional 1,787 shares during the quarter. SG Americas Securities LLC’s holdings in Chicago Atlantic Real Estate Finance were worth $145,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. UBS Group AG bought a new stake in shares of Chicago Atlantic Real Estate Finance in the 4th quarter valued at approximately $25,000. Royal Bank of Canada bought a new stake in Chicago Atlantic Real Estate Finance in the first quarter worth $28,000. Barclays PLC boosted its stake in Chicago Atlantic Real Estate Finance by 92.7% during the first quarter. Barclays PLC now owns 2,818 shares of the company’s stock worth $38,000 after buying an additional 1,356 shares during the period. California State Teachers Retirement System bought a new position in Chicago Atlantic Real Estate Finance during the first quarter valued at $45,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Chicago Atlantic Real Estate Finance in the first quarter valued at $50,000. Institutional investors own 25.48% of the company’s stock.

Wall Street Analyst Weigh In

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

Chicago Atlantic Real Estate Finance Stock Performance

Shares of NASDAQ:REFI opened at $15.28 on Wednesday. The firm’s 50 day simple moving average is $15.91 and its 200-day simple moving average is $15.63. The firm has a market cap of $278.10 million, a PE ratio of 7.21 and a beta of 0.22. Chicago Atlantic Real Estate Finance, Inc. has a one year low of $13.67 and a one year high of $17.65.

Chicago Atlantic Real Estate Finance Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.47 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.88 annualized dividend and a dividend yield of 12.30%. Chicago Atlantic Real Estate Finance’s dividend payout ratio is currently 88.68%.

Chicago Atlantic Real Estate Finance 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.