Chicago Atlantic Real Estate Finance, Inc. $REFI Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 60.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,406 shares of the company’s stock after selling 11,285 shares during the period. Nisa Investment Advisors LLC’s holdings in Chicago Atlantic Real Estate Finance were worth $107,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Martingale Asset Management L P increased its holdings in shares of Chicago Atlantic Real Estate Finance by 4.9% during the first quarter. Martingale Asset Management L P now owns 19,241 shares of the company’s stock valued at $283,000 after purchasing an additional 901 shares during the period. Larson Financial Group LLC increased its holdings in shares of 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 valued at $43,000 after purchasing an additional 2,129 shares during the period. Strs Ohio acquired a new position in shares of Chicago Atlantic Real Estate Finance during the first quarter valued at $47,000. HighTower Advisors LLC increased its holdings in shares of Chicago Atlantic Real Estate Finance by 4.3% during the first quarter. HighTower Advisors LLC now owns 81,929 shares of the company’s stock valued at $1,204,000 after purchasing an additional 3,363 shares during the period. Finally, Quantbot Technologies LP increased its holdings in shares of Chicago Atlantic Real Estate Finance by 182.3% during the first quarter. Quantbot Technologies LP now owns 7,428 shares of the company’s stock valued at $109,000 after purchasing an additional 4,797 shares during the period. 25.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

REFI has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chicago Atlantic Real Estate Finance in a report on Wednesday, October 8th. Zacks Research raised Chicago Atlantic Real Estate Finance from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.00.

Insider Transactions at Chicago Atlantic Real Estate Finance

In related news, COO David Kite purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 14th. The shares were purchased at an average price of $12.31 per share, with a total value of $30,775.00. Following the purchase, the chief operating officer owned 57,016 shares of the company’s stock, valued at $701,866.96. This trade represents a 4.59% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman John Mazarakis purchased 8,000 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The stock was bought at an average cost of $12.75 per share, for a total transaction of $102,000.00. Following the purchase, the chairman directly owned 416,607 shares in the company, valued at $5,311,739.25. This represents a 1.96% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 51,150 shares of company stock worth $641,415 in the last three months. Insiders own 8.30% of the company’s stock.

Chicago Atlantic Real Estate Finance Trading Down 1.3%

Shares of REFI opened at $12.91 on Wednesday. The business’s 50-day moving average price is $13.23 and its 200 day moving average price is $13.83. The stock has a market capitalization of $272.08 million, a P/E ratio of 7.05 and a beta of 0.21. Chicago Atlantic Real Estate Finance, Inc. has a 1-year low of $12.00 and a 1-year high of $16.29.

Chicago Atlantic Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 14.6%. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is currently 102.73%.

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.