Corient Private Wealth LLC Has $3.70 Million Stock Position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Corient Private Wealth LLC reduced its position in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) by 16.5% in the 4th quarter, Holdings Channel reports. The firm owned 239,913 shares of the company’s stock after selling 47,253 shares during the period. Corient Private Wealth LLC’s holdings in Chicago Atlantic Real Estate Finance were worth $3,699,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Chicago Atlantic Real Estate Finance during the fourth quarter worth $119,000. Janus Henderson Group PLC acquired a new position in shares of Chicago Atlantic Real Estate Finance during the third quarter worth $160,000. Townsquare Capital LLC acquired a new position in shares of Chicago Atlantic Real Estate Finance during the third quarter worth $162,000. Bleakley Financial Group LLC acquired a new position in shares of Chicago Atlantic Real Estate Finance during the fourth quarter worth $164,000. Finally, HB Wealth Management LLC acquired a new position in shares of Chicago Atlantic Real Estate Finance during the fourth quarter worth $191,000. 25.48% of the stock is currently owned by institutional investors and hedge funds.

Chicago Atlantic Real Estate Finance Stock Down 0.1 %

Shares of Chicago Atlantic Real Estate Finance stock opened at $15.39 on Friday. Chicago Atlantic Real Estate Finance, Inc. has a twelve month low of $14.82 and a twelve month high of $16.47. The stock has a market cap of $321.56 million, a price-to-earnings ratio of 7.70 and a beta of 0.22. The company’s fifty day moving average is $15.65 and its 200 day moving average is $15.70.

Chicago Atlantic Real Estate Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 12.22%. Chicago Atlantic Real Estate Finance’s dividend payout ratio is 100.00%.

Analyst Upgrades and Downgrades

REFI has been the subject of several research analyst reports. Alliance Global Partners initiated coverage on shares of Chicago Atlantic Real Estate Finance in a report on Tuesday, December 17th. They set a “buy” rating and a $20.00 price target for the company. JMP Securities reissued a “market outperform” rating and issued a $20.00 price objective on shares of Chicago Atlantic Real Estate Finance in a research note on Thursday, December 19th.

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.