Northern Trust Corp Boosts Holdings in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Northern Trust Corp raised its holdings in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 9.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,804 shares of the company’s stock after acquiring an additional 13,113 shares during the quarter. Northern Trust Corp owned approximately 0.76% of Chicago Atlantic Real Estate Finance worth $2,310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of Chicago Atlantic Real Estate Finance by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 12,982 shares of the company’s stock worth $201,000 after buying an additional 663 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Chicago Atlantic Real Estate Finance by 3.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 22,371 shares of the company’s stock worth $345,000 after buying an additional 687 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Chicago Atlantic Real Estate Finance by 33.5% during the fourth quarter. Russell Investments Group Ltd. now owns 3,321 shares of the company’s stock worth $51,000 after buying an additional 833 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Chicago Atlantic Real Estate Finance by 45.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,667 shares of the company’s stock worth $41,000 after buying an additional 838 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Chicago Atlantic Real Estate Finance by 4.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 44,659 shares of the company’s stock worth $689,000 after buying an additional 1,842 shares in the last quarter. 25.48% of the stock is currently owned by hedge funds and other institutional investors.

Chicago Atlantic Real Estate Finance Price Performance

Shares of NASDAQ REFI opened at $14.50 on Monday. The company has a market cap of $304.02 million, a PE ratio of 7.25 and a beta of 0.26. Chicago Atlantic Real Estate Finance, Inc. has a 12 month low of $12.76 and a 12 month high of $16.47. The company has a 50-day simple moving average of $14.52 and a 200-day simple moving average of $15.33.

Chicago Atlantic Real Estate Finance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.47 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 12.97%. Chicago Atlantic Real Estate Finance’s payout ratio is 100.00%.

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.