Chicago Atlantic Real Estate Finance (REFI) Set to Announce Earnings on Tuesday

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) will be announcing its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.55 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Chicago Atlantic Real Estate Finance Stock Performance

Shares of NASDAQ REFI opened at $15.99 on Friday. The firm has a market capitalization of $305.41 million, a price-to-earnings ratio of 7.54 and a beta of 0.22. The stock has a 50 day moving average price of $15.86 and a 200 day moving average price of $15.70. Chicago Atlantic Real Estate Finance has a 52-week low of $13.67 and a 52-week 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. Investors of record on Thursday, March 28th were issued a $0.47 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 11.76%. Chicago Atlantic Real Estate Finance’s payout ratio is 88.68%.

Wall Street Analyst Weigh In

Separately, JMP Securities reiterated a “market outperform” rating and issued 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 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.