Allspring Global Investments Holdings LLC Has $639,000 Stock Holdings in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Allspring Global Investments Holdings LLC decreased its position in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,470 shares of the company’s stock after selling 2,515 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Chicago Atlantic Real Estate Finance were worth $639,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Chicago Atlantic Real Estate Finance during the 3rd quarter valued at about $105,000. Nisa Investment Advisors LLC lifted its stake in Chicago Atlantic Real Estate Finance by 38.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 9,074 shares of the company’s stock valued at $147,000 after acquiring an additional 2,500 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Chicago Atlantic Real Estate Finance in the third quarter worth approximately $187,000. O Shaughnessy Asset Management LLC increased its stake in shares of Chicago Atlantic Real Estate Finance by 13.1% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 16,516 shares of the company’s stock worth $243,000 after purchasing an additional 1,913 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Chicago Atlantic Real Estate Finance by 2.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 34,189 shares of the company’s stock valued at $503,000 after purchasing an additional 821 shares in the last quarter. Hedge funds and other institutional investors own 25.48% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Chicago Atlantic Real Estate Finance Stock Performance

REFI opened at $15.71 on Thursday. Chicago Atlantic Real Estate Finance, Inc. has a twelve month low of $13.67 and a twelve month high of $17.65. The business has a 50 day moving average price of $15.89 and a 200 day moving average price of $15.66. The firm has a market cap of $285.92 million, a P/E ratio of 7.41 and a beta of 0.22.

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 issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 11.97%. The ex-dividend date of this dividend was Wednesday, March 27th. Chicago Atlantic Real Estate Finance’s dividend payout ratio is currently 88.68%.

About Chicago Atlantic Real Estate Finance

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.