Chicago Atlantic Real Estate Finance (NASDAQ:REFI) Releases Earnings Results, Misses Expectations By $0.01 EPS

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) announced its quarterly earnings data on Wednesday. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01), Zacks reports. Chicago Atlantic Real Estate Finance had a net margin of 64.57% and a return on equity of 13.17%.

Chicago Atlantic Real Estate Finance Stock Performance

NASDAQ:REFI opened at $15.80 on Wednesday. The stock has a fifty day moving average price of $15.64 and a two-hundred day moving average price of $15.72. The stock has a market capitalization of $310.18 million, a price-to-earnings ratio of 7.87 and a beta of 0.22. Chicago Atlantic Real Estate Finance has a 1 year low of $14.82 and a 1 year high of $16.49.

Chicago Atlantic Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 11.90%. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is presently 94.00%.

Analyst Ratings Changes

Several research firms have recently issued reports on REFI. JMP Securities reaffirmed a “market outperform” rating and set a $20.00 price objective on shares of Chicago Atlantic Real Estate Finance in a research report on Thursday, December 19th. 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 objective on the 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.