Nuveen LLC Makes New $531,000 Investment in Chicago Atlantic Real Estate Finance, Inc. $REFI

Nuveen LLC bought a new position in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 36,099 shares of the company’s stock, valued at approximately $531,000. Nuveen LLC owned 0.17% of Chicago Atlantic Real Estate Finance as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in 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 purchasing an additional 838 shares during the period. Larson Financial Group LLC boosted its position in Chicago Atlantic Real Estate Finance by 269.2% during the first quarter. Larson Financial Group LLC now owns 2,920 shares of the company’s stock worth $43,000 after purchasing an additional 2,129 shares during the period. BNP Paribas Financial Markets bought a new position in Chicago Atlantic Real Estate Finance during the fourth quarter worth about $86,000. GAMMA Investing LLC boosted its position in Chicago Atlantic Real Estate Finance by 2,908.3% during the first quarter. GAMMA Investing LLC now owns 9,055 shares of the company’s stock worth $133,000 after purchasing an additional 8,754 shares during the period. Finally, Deutsche Bank AG boosted its position in Chicago Atlantic Real Estate Finance by 91.6% during the fourth quarter. Deutsche Bank AG now owns 9,557 shares of the company’s stock worth $147,000 after purchasing an additional 4,569 shares during the period. Institutional investors own 25.48% of the company’s stock.

Chicago Atlantic Real Estate Finance Trading Up 1.6%

REFI stock opened at $14.35 on Friday. The firm has a 50 day moving average of $13.86 and a 200-day moving average of $14.45. Chicago Atlantic Real Estate Finance, Inc. has a 12 month low of $12.76 and a 12 month high of $16.29. The firm has a market capitalization of $302.50 million, a P/E ratio of 7.84 and a beta of 0.24.

Chicago Atlantic Real Estate Finance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 13.1%. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is 102.73%.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Chicago Atlantic Real Estate Finance from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $20.00.

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.