Chicago Atlantic Real Estate Finance (REFI) Projected to Post Quarterly Earnings on Wednesday

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) is expected to release its earnings data before the market opens on Wednesday, March 12th. Analysts expect Chicago Atlantic Real Estate Finance to post earnings of $0.43 per share and revenue of $14.26 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Chicago Atlantic Real Estate Finance Trading Down 0.9 %

Chicago Atlantic Real Estate Finance stock opened at $16.01 on Tuesday. The firm has a market capitalization of $314.34 million, a P/E ratio of 8.01 and a beta of 0.22. The stock has a fifty day moving average price of $15.63 and a 200 day moving average price of $15.72. Chicago Atlantic Real Estate Finance has a 52 week low of $14.82 and a 52 week high of $16.49.

Chicago Atlantic Real Estate Finance Announces Dividend

The firm also recently announced 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 of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 11.74%. Chicago Atlantic Real Estate Finance’s payout ratio is currently 94.00%.

Analyst Upgrades and Downgrades

Several research firms recently commented on REFI. Alliance Global Partners began coverage on Chicago Atlantic Real Estate Finance in a research note on Tuesday, December 17th. They issued a “buy” rating and a $20.00 target price for the company. JMP Securities restated a “market outperform” rating and set a $20.00 price target on shares of Chicago Atlantic Real Estate Finance in a research note on Thursday, December 19th.

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.