Nisa Investment Advisors LLC Grows Position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Nisa Investment Advisors LLC grew its position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 38.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,074 shares of the company’s stock after purchasing an additional 2,500 shares during the period. Nisa Investment Advisors LLC’s holdings in Chicago Atlantic Real Estate Finance were worth $147,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of Chicago Atlantic Real Estate Finance by 169.0% in the second quarter. BlackRock Inc. now owns 1,085,060 shares of the company’s stock valued at $16,439,000 after buying an additional 681,645 shares in the last quarter. Vanguard Group Inc. increased its position in Chicago Atlantic Real Estate Finance by 25.6% during the 3rd quarter. Vanguard Group Inc. now owns 754,430 shares of the company’s stock worth $11,105,000 after purchasing an additional 153,911 shares in the last quarter. Intrepid Capital Management Inc. purchased a new stake in Chicago Atlantic Real Estate Finance during the 1st quarter worth about $2,920,000. State Street Corp increased its position in Chicago Atlantic Real Estate Finance by 101.2% during the 2nd quarter. State Street Corp now owns 213,460 shares of the company’s stock worth $3,333,000 after purchasing an additional 107,350 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in Chicago Atlantic Real Estate Finance by 3.3% during the 3rd quarter. HighTower Advisors LLC now owns 173,334 shares of the company’s stock worth $2,551,000 after purchasing an additional 5,508 shares in the last quarter. Hedge funds and other institutional investors own 25.48% of the company’s stock.

Chicago Atlantic Real Estate Finance Trading Up 0.8 %

Chicago Atlantic Real Estate Finance stock opened at $15.49 on Friday. The stock has a 50-day moving average price of $15.89 and a 200 day moving average price of $15.63. Chicago Atlantic Real Estate Finance, Inc. has a 52 week low of $13.67 and a 52 week high of $17.65. The stock has a market cap of $281.92 million, a PE ratio of 7.31 and a beta of 0.22.

Chicago Atlantic Real Estate Finance Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 12.14%. The ex-dividend date was Wednesday, March 27th. Chicago Atlantic Real Estate Finance’s payout ratio is 88.68%.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a “market outperform” rating and set a $20.00 price objective on shares of Chicago Atlantic Real Estate Finance in a research 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.