Chicago Atlantic Real Estate Finance (NASDAQ:REFI) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Chicago Atlantic True Estate Finance (NASDAQ:REFI – Get Rating) introduced its quarterly earnings data on Thursday. The corporation noted $.44 earnings for each share for the quarter, beating the consensus estimate of $.42 by $.02, MarketWatch Earnings reviews.

NASDAQ:REFI opened at $16.07 on Friday. Chicago Atlantic Authentic Estate Finance has a 52-week low of $15.50 and a 52-7 days significant of $20.29. The stock’s fifty day relocating normal selling price is $17.58.

The firm also not long ago disclosed a quarterly dividend, which was paid out on Thursday, April 14th. Shareholders of history on Thursday, March 31st were being issued a dividend of $.40 for every share. This represents a $1.60 annualized dividend and a produce of 9.96%. The ex-dividend date was Wednesday, March 30th.

In connected information, Director Jason D. Papastavrou acquired 3,000 shares of the business’s stock in a transaction on Monday, April 25th. The stock was ordered at an typical value of $17.91 for each share, for a whole transaction of $53,730.00. Following the completion of the transaction, the director now directly owns 15,012 shares of the company’s inventory, valued at somewhere around $268,864.92. The transaction was disclosed in a doc filed with the SEC, which can be accessed through the SEC web-site. Also, Director Jason D. Papastavrou bought 2,324 shares of the stock in a transaction dated Friday, April 22nd. The shares have been obtained at an common price tag of $17.94 for every share, for a complete transaction of $41,692.56. Next the completion of the acquisition, the director now straight owns 12,012 shares of the company’s stock, valued at about $215,495.28. The disclosure for this order can be observed listed here.

A number of institutional investors and hedge funds have recently produced variations to their positions in REFI. Goldman Sachs Group Inc. purchased a new place in shares of Chicago Atlantic True Estate Finance for the duration of the fourth quarter well worth somewhere around $522,000. Cubist Systematic Methods LLC bought a new stake in shares of Chicago Atlantic Serious Estate Finance throughout the fourth quarter value $52,000. Millennium Administration LLC bought a new stake in shares of Chicago Atlantic Genuine Estate Finance all through the fourth quarter truly worth $2,546,000. JPMorgan Chase & Co. purchased a new stake in shares of Chicago Atlantic Real Estate Finance during the first quarter worth $50,000. Lastly, Lender of New York Mellon Corp acquired a new posture in shares of Chicago Atlantic Actual Estate Finance in the course of the initial quarter well worth $245,000. 17.40% of the inventory is at the moment owned by institutional buyers.

REFI has been the subject of various analyst reports. Oppenheimer upped their rate objective on Chicago Atlantic True Estate Finance to $18.00 and gave the company an “outperform” score in a study take note on Wednesday, March 23rd. Zacks Financial commitment Analysis lowered Chicago Atlantic Serious Estate Finance from a “hold” rating to a “sell” rating in a analysis observe on Friday, March 25th. Ultimately, JMP Securities reissued a “buy” score and issued a $26.00 concentrate on cost on shares of Chicago Atlantic True Estate Finance in a report on Wednesday, March 23rd. A person investigate analyst has rated the inventory with a provide score and 4 have issued a invest in score to the company’s inventory. According to facts from MarketBeat, the organization presently has an average rating of “Buy” and an typical rate concentrate on of $22.25.

Chicago Atlantic Genuine Estate Finance Corporation Profile (Get Rating)

Chicago Atlantic Serious Estate Finance, Inc operates as a professional real estate finance firm in the United States. It originates, structures, and invests in 1st mortgage loans and choice structured financings secured by professional real estate qualities. The business gives senior loans to state-accredited operators and assets homeowners in the hashish field.

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