Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 271,200 shares, a decline of 15.5% from the September 30th total of 320,800 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 76,900 shares, the short-interest ratio is presently 3.5 days.
Chicago Atlantic Real Estate Finance Price Performance
Shares of REFI stock traded up $0.06 during trading hours on Monday, reaching $15.28. 1,743 shares of the company were exchanged, compared to its average volume of 88,363. Chicago Atlantic Real Estate Finance has a fifty-two week low of $13.87 and a fifty-two week high of $17.65. The stock’s fifty day moving average is $15.68 and its two-hundred day moving average is $15.65. The company has a market cap of $299.79 million, a price-to-earnings ratio of 7.89 and a beta of 0.20.
Chicago Atlantic Real Estate Finance Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.30%. Chicago Atlantic Real Estate Finance’s payout ratio is 94.95%.
Hedge Funds Weigh In On Chicago Atlantic Real Estate Finance
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.
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