Gladstone Institutional Advisory LLC Takes $504,000 Position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI)

Gladstone Institutional Advisory LLC bought a new stake in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 32,475 shares of the company’s stock, valued at approximately $504,000.

Several other institutional investors also recently modified their holdings of the business. Larson Financial Group LLC lifted its stake in Chicago Atlantic Real Estate Finance by 328.8% in the first quarter. Larson Financial Group LLC now owns 1,578 shares of the company’s stock valued at $25,000 after purchasing an additional 1,210 shares during the last quarter. Doliver Advisors LP purchased a new position in Chicago Atlantic Real Estate Finance in the third quarter valued at approximately $171,000. O Shaughnessy Asset Management LLC lifted its stake in Chicago Atlantic Real Estate Finance by 4.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 17,501 shares of the company’s stock valued at $276,000 after purchasing an additional 747 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Chicago Atlantic Real Estate Finance by 5.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,105 shares of the company’s stock valued at $365,000 after purchasing an additional 1,111 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Chicago Atlantic Real Estate Finance by 7.7% in the second quarter. Rhumbline Advisers now owns 23,754 shares of the company’s stock valued at $365,000 after purchasing an additional 1,689 shares during the last quarter. 25.48% of the stock is owned by institutional investors.

Chicago Atlantic Real Estate Finance Trading Down 0.6 %

Chicago Atlantic Real Estate Finance stock opened at $15.03 on Monday. Chicago Atlantic Real Estate Finance, Inc. has a 12 month low of $14.16 and a 12 month high of $17.65. The business’s 50 day simple moving average is $15.64 and its 200 day simple moving average is $15.64. The company has a market cap of $294.89 million, a price-to-earnings ratio of 7.59 and a beta of 0.21.

Chicago Atlantic Real Estate Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.47 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 12.51%. Chicago Atlantic Real Estate Finance’s payout ratio is 94.95%.

About Chicago Atlantic Real Estate Finance

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.