Rhumbline Advisers Trims Stock Position in Chicago Atlantic Real Estate Finance, Inc. $REFI

Rhumbline Advisers cut its position in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 4.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,520 shares of the company’s stock after selling 1,039 shares during the period. Rhumbline Advisers owned approximately 0.11% of Chicago Atlantic Real Estate Finance worth $346,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Strs Ohio purchased a new stake in shares of Chicago Atlantic Real Estate Finance during the 1st quarter valued at approximately $47,000. Jane Street Group LLC purchased a new stake in shares of Chicago Atlantic Real Estate Finance during the 1st quarter valued at approximately $186,000. Ascent Group LLC purchased a new stake in shares of Chicago Atlantic Real Estate Finance during the 1st quarter valued at approximately $185,000. State of Wyoming purchased a new stake in shares of Chicago Atlantic Real Estate Finance during the 1st quarter valued at approximately $204,000. Finally, Martingale Asset Management L P raised its position in shares of Chicago Atlantic Real Estate Finance by 4.9% during the 1st quarter. Martingale Asset Management L P now owns 19,241 shares of the company’s stock valued at $283,000 after buying an additional 901 shares during the period. 25.48% of the stock is owned by hedge funds and other institutional investors.

Chicago Atlantic Real Estate Finance Stock Performance

Chicago Atlantic Real Estate Finance stock opened at $13.33 on Thursday. Chicago Atlantic Real Estate Finance, Inc. has a fifty-two week low of $12.76 and a fifty-two week high of $16.29. The firm has a 50 day moving average price of $13.72 and a 200 day moving average price of $14.21. The company has a market capitalization of $281.00 million, a PE ratio of 7.28 and a beta of 0.24.

Chicago Atlantic Real Estate Finance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 14.1%. The ex-dividend date is Tuesday, September 30th. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is 102.73%.

Analysts Set New Price Targets

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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.00.

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.