Chicago Atlantic Real Estate Finance (NASDAQ:REFI) Announces Quarterly Earnings Results, Misses Estimates 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 return on equity of 13.17% and a net margin of 64.57%.

Chicago Atlantic Real Estate Finance Stock Down 2.2 %

REFI stock traded down $0.35 during midday trading on Wednesday, reaching $15.54. The stock had a trading volume of 51,193 shares, compared to its average volume of 154,507. Chicago Atlantic Real Estate Finance has a twelve month low of $14.82 and a twelve month high of $16.47. The firm has a market cap of $305.01 million, a price-to-earnings ratio of 7.77 and a beta of 0.22. The business has a fifty day simple moving average of $15.64 and a two-hundred day simple moving average of $15.72.

Chicago Atlantic Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 12.10%. The ex-dividend date was Tuesday, December 31st. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is presently 94.00%.

Analysts Set New Price Targets

Several brokerages recently issued reports on REFI. Alliance Global Partners initiated coverage on Chicago Atlantic Real Estate Finance in a research note on Tuesday, December 17th. They set a “buy” rating and a $20.00 price target on the stock. JMP Securities restated a “market outperform” rating and issued a $20.00 price objective on shares of Chicago Atlantic Real Estate Finance in a research report 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.