Nisa Investment Advisors LLC Purchases 2,500 Shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Nisa Investment Advisors LLC grew its position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 38.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,074 shares of the company’s stock after buying an additional 2,500 shares during the period. Nisa Investment Advisors LLC’s holdings in Chicago Atlantic Real Estate Finance were worth $147,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of REFI. BlackRock Inc. boosted its stake in Chicago Atlantic Real Estate Finance by 169.0% in the 2nd quarter. BlackRock Inc. now owns 1,085,060 shares of the company’s stock worth $16,439,000 after purchasing an additional 681,645 shares in the last quarter. Vanguard Group Inc. boosted its stake in Chicago Atlantic Real Estate Finance by 93.2% in the 3rd quarter. Vanguard Group Inc. now owns 642,576 shares of the company’s stock worth $9,259,000 after purchasing an additional 309,918 shares in the last quarter. Intrepid Capital Management Inc. acquired a new stake in Chicago Atlantic Real Estate Finance in the 1st quarter worth approximately $2,920,000. State Street Corp boosted its stake in Chicago Atlantic Real Estate Finance by 101.2% in the 2nd quarter. State Street Corp now owns 213,460 shares of the company’s stock worth $3,333,000 after purchasing an additional 107,350 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Chicago Atlantic Real Estate Finance by 172.5% in the 2nd quarter. Northern Trust Corp now owns 110,915 shares of the company’s stock worth $1,680,000 after purchasing an additional 70,209 shares in the last quarter. 25.48% of the stock is currently owned by institutional investors.

Chicago Atlantic Real Estate Finance Trading Up 0.8 %

Shares of NASDAQ REFI opened at $15.49 on Friday. Chicago Atlantic Real Estate Finance, Inc. has a 12 month low of $13.67 and a 12 month high of $17.65. The company has a 50 day simple moving average of $15.89 and a two-hundred day simple moving average of $15.63. The stock has a market cap of $281.92 million, a price-to-earnings ratio of 7.31 and a beta of 0.22.

Chicago Atlantic Real Estate Finance Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 12.14%. The ex-dividend date of this dividend was Wednesday, March 27th. Chicago Atlantic Real Estate Finance’s payout ratio is 88.68%.

Analyst Ratings Changes

Separately, JMP Securities reiterated a “market outperform” rating and issued a $20.00 target price on shares of Chicago Atlantic Real Estate Finance in a research note on Wednesday, March 13th.

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.