Chicago Atlantic Real Estate Finance (NASDAQ:REFI) Earns “Market Outperform” Rating from JMP Securities

Chicago Atlantic Real Estate Finance (NASDAQ:REFI)‘s stock had its “market outperform” rating reaffirmed by equities research analysts at JMP Securities in a report released on Thursday,Benzinga reports. They presently have a $20.00 price target on the stock. JMP Securities’ price objective would suggest a potential upside of 26.42% from the company’s current price.

Separately, Alliance Global Partners assumed coverage on Chicago Atlantic Real Estate Finance in a report on Tuesday. They set a “buy” rating and a $20.00 price objective for the company.

Chicago Atlantic Real Estate Finance Stock Performance

Chicago Atlantic Real Estate Finance stock traded up $0.06 during trading on Thursday, reaching $15.82. The company had a trading volume of 16,645 shares, compared to its average volume of 88,609. The firm has a market capitalization of $310.61 million, a price-to-earnings ratio of 7.91 and a beta of 0.23. Chicago Atlantic Real Estate Finance has a 12-month low of $14.82 and a 12-month high of $17.65. The stock’s 50 day moving average price is $15.75 and its two-hundred day moving average price is $15.69.

Insider Buying and Selling

In other Chicago Atlantic Real Estate Finance news, insider John Mazarakis purchased 2,779 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average cost of $15.82 per share, with a total value of $43,963.78. Following the transaction, the insider now owns 372,709 shares in the company, valued at approximately $5,896,256.38. This trade represents a 0.75 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tidal Investments LLC lifted its position in Chicago Atlantic Real Estate Finance by 21.4% during the 3rd quarter. Tidal Investments LLC now owns 485,610 shares of the company’s stock worth $7,532,000 after acquiring an additional 85,481 shares in the last quarter. Barclays PLC lifted its position in shares of Chicago Atlantic Real Estate Finance by 271.9% during the third quarter. Barclays PLC now owns 22,143 shares of the company’s stock worth $343,000 after purchasing an additional 16,189 shares in the last quarter. State Street Corp boosted its stake in shares of Chicago Atlantic Real Estate Finance by 15.1% in the third quarter. State Street Corp now owns 400,790 shares of the company’s stock valued at $6,403,000 after purchasing an additional 52,497 shares during the period. Janus Henderson Group PLC acquired a new stake in Chicago Atlantic Real Estate Finance during the 3rd quarter valued at $160,000. Finally, Martingale Asset Management L P increased its stake in Chicago Atlantic Real Estate Finance by 10.4% during the 3rd quarter. Martingale Asset Management L P now owns 18,045 shares of the company’s stock worth $280,000 after buying an additional 1,703 shares during the period. Institutional investors and hedge funds own 25.48% of the company’s stock.

Chicago Atlantic Real Estate Finance Company 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.