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

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

Separately, Alliance Global Partners initiated coverage on shares of Chicago Atlantic Real Estate Finance in a research report on Tuesday. They issued a “buy” rating and a $20.00 target price for the company.

Chicago Atlantic Real Estate Finance Stock Performance

Shares of REFI stock traded up $0.06 during mid-day trading on Thursday, reaching $15.82. 16,645 shares of the company were exchanged, compared to its average volume of 88,609. The business’s 50 day simple moving average is $15.75 and its 200 day simple moving average is $15.69. The company has a market capitalization of $310.61 million, a P/E ratio of 7.91 and a beta of 0.23. Chicago Atlantic Real Estate Finance has a fifty-two week low of $14.82 and a fifty-two week high of $17.65.

Insider Activity at Chicago Atlantic Real Estate Finance

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

Hedge Funds Weigh In On Chicago Atlantic Real Estate Finance

Large investors have recently bought and sold shares of the business. Janus Henderson Group PLC acquired a new stake in shares of Chicago Atlantic Real Estate Finance during the 3rd quarter worth approximately $160,000. Townsquare Capital LLC bought a new position in Chicago Atlantic Real Estate Finance during the 3rd quarter worth $162,000. Doliver Advisors LP acquired a new stake in Chicago Atlantic Real Estate Finance in the third quarter worth $171,000. Martingale Asset Management L P lifted its stake in Chicago Atlantic Real Estate Finance by 10.4% in the third quarter. Martingale Asset Management L P now owns 18,045 shares of the company’s stock valued at $280,000 after buying an additional 1,703 shares during the last quarter. Finally, United Advisor Group LLC bought a new stake in Chicago Atlantic Real Estate Finance in the third quarter valued at $319,000. Institutional investors 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.