Chicago Atlantic Real Estate Finance (NASDAQ:REFI) Posts Quarterly Earnings Results, Misses Expectations 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 Price Performance

Chicago Atlantic Real Estate Finance stock traded down $0.35 during trading hours on Wednesday, hitting $15.54. The company had a trading volume of 51,193 shares, compared to its average volume of 154,507. The firm’s fifty day moving average is $15.64 and its 200-day moving average is $15.72. Chicago Atlantic Real Estate Finance has a fifty-two week low of $14.82 and a fifty-two week high of $16.47. The firm has a market capitalization of $305.01 million, a P/E ratio of 7.77 and a beta of 0.22.

Chicago Atlantic Real Estate Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 12.10%. The ex-dividend date of this dividend was Tuesday, December 31st. Chicago Atlantic Real Estate Finance’s payout ratio is presently 94.00%.

Analyst Ratings Changes

A number of research analysts have recently commented on REFI shares. JMP Securities reissued a “market outperform” rating and set a $20.00 price target on shares of Chicago Atlantic Real Estate Finance in a report on Thursday, December 19th. Alliance Global Partners began coverage on shares of Chicago Atlantic Real Estate Finance in a research note on Tuesday, December 17th. They set a “buy” rating and a $20.00 target price on the stock.

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.