Odyssean LLC Acquires 50,317 Shares of Chicago Atlantic Real Estate Finance, Inc. $REFI

Odyssean LLC increased its holdings in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 387.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,292 shares of the company’s stock after purchasing an additional 50,317 shares during the quarter. Odyssean LLC owned approximately 0.25% of Chicago Atlantic Real Estate Finance worth $678,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strs Ohio purchased a new stake in Chicago Atlantic Real Estate Finance during the 1st quarter valued at approximately $47,000. Russell Investments Group Ltd. lifted its holdings in shares of Chicago Atlantic Real Estate Finance by 29.2% in the second quarter. Russell Investments Group Ltd. now owns 3,552 shares of the company’s stock worth $50,000 after buying an additional 803 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in shares of Chicago Atlantic Real Estate Finance in the fourth quarter worth $53,000. PNC Financial Services Group Inc. lifted its holdings in shares of Chicago Atlantic Real Estate Finance by 290.3% in the first quarter. PNC Financial Services Group Inc. now owns 6,183 shares of the company’s stock worth $70,000 after buying an additional 4,599 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Chicago Atlantic Real Estate Finance by 3,041.1% during the second quarter. EverSource Wealth Advisors LLC now owns 6,722 shares of the company’s stock worth $94,000 after acquiring an additional 6,508 shares during the last quarter. Institutional investors own 25.48% of the company’s stock.

Chicago Atlantic Real Estate Finance Stock Down 1.1%

Chicago Atlantic Real Estate Finance stock opened at $10.68 on Thursday. Chicago Atlantic Real Estate Finance, Inc. has a 52-week low of $9.69 and a 52-week high of $14.57. The firm’s fifty day moving average is $10.53 and its 200 day moving average is $11.32. The company has a market cap of $273.62 million, a price-to-earnings ratio of 7.80 and a beta of 0.24.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.05). Chicago Atlantic Real Estate Finance had a return on equity of 11.53% and a net margin of 54.57%.The business had revenue of $12.61 million during the quarter, compared to analysts’ expectations of $14.17 million. On average, equities research analysts anticipate that Chicago Atlantic Real Estate Finance, Inc. will post 1.72 earnings per share for the current fiscal year.

Chicago Atlantic Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.47 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.88 annualized dividend and a yield of 17.6%. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is currently 137.23%.

Analyst Ratings Changes

REFI has been the subject of several research analyst reports. Zacks Research cut shares of Chicago Atlantic Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings raised shares of Chicago Atlantic Real Estate Finance from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Citigroup reissued a “market outperform” rating on shares of Chicago Atlantic Real Estate Finance in a report on Wednesday, August 12th. Atlantic Securities set a $16.00 price objective on Chicago Atlantic Real Estate Finance in a research report on Wednesday, August 12th. Finally, Citizens Jmp reduced their target price on Chicago Atlantic Real Estate Finance from $18.00 to $16.00 and set a “market outperform” rating on the stock in a report on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $15.33.

Insider Buying and Selling

In related news, CEO Anthony Cappell acquired 45,000 shares of Chicago Atlantic Real Estate Finance stock in a transaction on Monday, August 17th. The shares were bought at an average cost of $10.40 per share, with a total value of $468,000.00. Following the completion of the purchase, the chief executive officer directly owned 466,706 shares of the company’s stock, valued at $4,853,742.40. The trade was a 10.67% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman John Mazarakis acquired 25,000 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were bought at an average price of $10.25 per share, for a total transaction of $256,250.00. Following the completion of the transaction, the chairman owned 478,706 shares of the company’s stock, valued at approximately $4,906,736.50. This trade represents a 5.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 75,145 shares of company stock worth $778,017. Corporate insiders own 6.50% of the company’s stock.

About Chicago Atlantic Real Estate Finance

Chicago Atlantic Real Estate Finance, Inc (NASDAQ:REFI) is a publicly listed real estate finance company that specializes in originating and acquiring commercial real estate debt. Pursuant to its election to be treated as a real estate investment trust (REIT), REFI’s investment strategy focuses on floating-rate senior mortgage loans secured by income-producing properties across the United States. The company targets stabilized, performing assets in sectors such as multifamily, office, retail and industrial, aiming to generate attractive risk-adjusted returns through current income.

Established in 2015 and headquartered in Chicago, Illinois, REFI completed its initial public offering in 2019.