Chicago Atlantic Real Estate Finance (NASDAQ:REFI) Chairman John Mazarakis Purchases 40,181 Shares of Stock

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Chairman John Mazarakis bought 40,181 shares of the stock in a transaction on Wednesday, August 26th. The shares were acquired at an average price of $10.67 per share, with a total value of $428,731.27. Following the purchase, the chairman owned 519,032 shares of the company’s stock, valued at $5,538,071.44. The trade was a 8.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

John Mazarakis also recently made the following trade(s):

• On Thursday, August 27th, John Mazarakis bought 7,530 shares of Chicago Atlantic Real Estate Finance stock. The shares were acquired at an average cost of $10.67 per share, for a total transaction of $80,345.10.
• On Friday, August 21st, John Mazarakis purchased 145 shares of Chicago Atlantic Real Estate Finance stock. The stock was acquired at an average price of $10.67 per share, for a total transaction of $1,547.15.
• On Monday, August 17th, John Mazarakis purchased 25,000 shares of Chicago Atlantic Real Estate Finance stock. The stock was acquired at an average cost of $10.25 per share, with a total value of $256,250.00.

Chicago Atlantic Real Estate Finance Stock Up 0.1%

Shares of NASDAQ:REFI opened at $10.68 on Friday. The company has a market cap of $273.62 million, a PE ratio of 7.80 and a beta of 0.24. Chicago Atlantic Real Estate Finance, Inc. has a fifty-two week low of $9.69 and a fifty-two week high of $14.57. The firm has a 50-day simple moving average of $10.50 and a 200 day simple moving average of $11.30.

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

Chicago Atlantic Real Estate Finance Dividend Announcement

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

Wall Street Analysts Forecast Growth

REFI has been the subject of several recent research reports. Zacks Research lowered shares of Chicago Atlantic Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Citigroup restated a “market outperform” rating on shares of Chicago Atlantic Real Estate Finance in a research report on Wednesday, August 12th. Weiss Ratings raised Chicago Atlantic Real Estate Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Atlantic Securities set a $16.00 price target on Chicago Atlantic Real Estate Finance in a research report on Wednesday, August 12th. Finally, Citizens Jmp decreased their price target on Chicago Atlantic Real Estate Finance from $18.00 to $16.00 and set a “market outperform” rating for the company in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Chicago Atlantic Real Estate Finance currently has a consensus rating of “Hold” and a consensus target price of $15.33.

Institutional Investors Weigh In On Chicago Atlantic Real Estate Finance

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Chicago Atlantic Real Estate Finance during the 2nd quarter valued at about $18,428,000. Fielder Capital Group LLC bought a new stake in shares of Chicago Atlantic Real Estate Finance in the 2nd quarter worth approximately $10,530,000. Corient Private Wealth LP bought a new stake in shares of Chicago Atlantic Real Estate Finance in the 2nd quarter worth approximately $1,637,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Chicago Atlantic Real Estate Finance during the second quarter valued at approximately $1,220,000. Finally, Clayton Partners LLC lifted its stake in Chicago Atlantic Real Estate Finance by 52.9% during the fourth quarter. Clayton Partners LLC now owns 211,000 shares of the company’s stock valued at $2,587,000 after purchasing an additional 73,037 shares during the last quarter. 25.48% of the stock is currently owned by institutional investors.

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.