Chicago Atlantic Real Estate Finance, Inc. (REFI) to Issue Quarterly Dividend of $0.47 on April 15th

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) announced a quarterly dividend on Friday, March 13th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.47 per share on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 16.5%. The ex-dividend date of this dividend is Tuesday, March 31st.

Chicago Atlantic Real Estate Finance has a dividend payout ratio of 90.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Chicago Atlantic Real Estate Finance to earn $1.94 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 96.9%.

Chicago Atlantic Real Estate Finance Stock Performance

Shares of Chicago Atlantic Real Estate Finance stock opened at $11.42 on Friday. The firm has a market cap of $240.73 million, a PE ratio of 6.80 and a beta of 0.22. The firm’s 50-day simple moving average is $12.18 and its 200-day simple moving average is $12.59. Chicago Atlantic Real Estate Finance has a 1 year low of $11.41 and a 1 year high of $15.45.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) last issued its quarterly earnings results on Thursday, March 12th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The business had revenue of $14.24 million for the quarter, compared to analysts’ expectations of $14.20 million. Chicago Atlantic Real Estate Finance had a net margin of 65.01% and a return on equity of 11.94%. On average, equities analysts predict that Chicago Atlantic Real Estate Finance will post 1.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on REFI. Zacks Research raised Chicago Atlantic Real Estate Finance from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 19th. Oppenheimer downgraded Chicago Atlantic Real Estate Finance from an “outperform” rating to a “market perform” rating in a report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Chicago Atlantic Real Estate Finance currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Chicago Atlantic Real Estate Finance Company Profile

Chicago Atlantic Real Estate Finance, Inc (NASDAQ:REFI) is a publicly listed real estate finance company that specializes in originating and acquiring commercial real estate debt. Pursuant to its election to be treated as a real estate investment trust (REIT), REFI’s investment strategy focuses on floating-rate senior mortgage loans secured by income-producing properties across the United States. The company targets stabilized, performing assets in sectors such as multifamily, office, retail and industrial, aiming to generate attractive risk-adjusted returns through current income.

Established in 2015 and headquartered in Chicago, Illinois, REFI completed its initial public offering in 2019.