Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Get Rating) declared a quarterly dividend on Thursday, December 15th, Zacks reports. Investors of record on Friday, December 30th will be paid a dividend of 0.76 per share on Friday, January 13th. This represents a $3.04 dividend on an annualized basis and a yield of 19.58%. The ex-dividend date of this dividend is Thursday, December 29th. This is an increase from Chicago Atlantic Real Estate Finance's previous quarterly dividend of $0.47.
Chicago Atlantic Real Estate Finance Trading Down 2.5 %
NASDAQ:REFI opened at $15.53 on Friday. Chicago Atlantic Real Estate Finance has a twelve month low of $13.87 and a twelve month high of $20.29. The company has a 50-day moving average of $15.27 and a 200-day moving average of $15.31. The firm has a market cap of $274.23 million and a price-to-earnings ratio of 7.84.
Get Chicago Atlantic Real Estate Finance alerts:Insider Activity
In other Chicago Atlantic Real Estate Finance news, insider Peter Sack acquired 2,396 shares of Chicago Atlantic Real Estate Finance stock in a transaction dated Monday, December 12th. The stock was bought at an average price of $15.86 per share, for a total transaction of $38,000.56. Following the transaction, the insider now owns 5,821 shares in the company, valued at approximately $92,321.06. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Peter Sack acquired 2,396 shares of Chicago Atlantic Real Estate Finance stock in a transaction on Monday, December 12th. The stock was bought at an average cost of $15.86 per share, with a total value of $38,000.56. Following the completion of the purchase, the insider now owns 5,821 shares of the company's stock, valued at $92,321.06. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Anthony Cappell acquired 9,184 shares of Chicago Atlantic Real Estate Finance stock in a transaction on Monday, December 12th. The shares were purchased at an average cost of $15.86 per share, with a total value of $145,658.24. Following the completion of the purchase, the chief executive officer now directly owns 227,454 shares of the company's stock, valued at approximately $3,607,420.44. The disclosure for this purchase can be found here. Insiders own 8.95% of the company's stock.
Institutional Trading of Chicago Atlantic Real Estate Finance
Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada purchased a new stake in Chicago Atlantic Real Estate Finance during the first quarter valued at about $28,000. California State Teachers Retirement System purchased a new stake in shares of Chicago Atlantic Real Estate Finance in the first quarter worth approximately $45,000. JPMorgan Chase & Co. purchased a new stake in shares of Chicago Atlantic Real Estate Finance in the first quarter worth approximately $50,000. American International Group Inc. purchased a new stake in shares of Chicago Atlantic Real Estate Finance in the first quarter worth approximately $53,000. Finally, Bank of America Corp DE purchased a new stake in shares of Chicago Atlantic Real Estate Finance in the first quarter worth approximately $54,000. 13.65% of the stock is owned by hedge funds and other institutional investors.Chicago Atlantic Real Estate Finance Company Profile
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Chicago Atlantic Real Estate Finance, Inc operates as a commercial real estate finance company in the United States. It originates, structures, and invests in first mortgage loans and alternative structured financings secured by commercial real estate properties. The company offers senior loans to state-licensed operators and property owners in the cannabis industry.
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