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

Chicago Atlantic Real Estate Finance (NASDAQ:REFI)‘s stock had its “market outperform” rating reissued by equities researchers at JMP Securities in a note issued to investors on Thursday,Benzinga reports. They presently have a $20.00 price target on the stock. JMP Securities’ price objective points to a potential upside of 25.16% from the company’s previous close.

Separately, Alliance Global Partners began coverage on Chicago Atlantic Real Estate Finance in a research report on Tuesday. They set a “buy” rating and a $20.00 target price on the stock.

Chicago Atlantic Real Estate Finance Price Performance

Shares of Chicago Atlantic Real Estate Finance stock opened at $15.98 on Thursday. The company has a market cap of $313.75 million, a PE ratio of 7.99 and a beta of 0.23. The firm has a fifty day moving average price of $15.76 and a two-hundred day moving average price of $15.70. Chicago Atlantic Real Estate Finance has a fifty-two week low of $14.82 and a fifty-two week high of $17.65.

Insider Buying and Selling at Chicago Atlantic Real Estate Finance

In other Chicago Atlantic Real Estate Finance news, insider John Mazarakis purchased 2,779 shares of the business’s stock in a transaction on Friday, November 8th. The stock was purchased at an average price of $15.82 per share, for a total transaction of $43,963.78. Following the completion of the purchase, the insider now directly owns 372,709 shares in the company, valued at approximately $5,896,256.38. This trade represents a 0.75 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Chicago Atlantic Real Estate Finance

Hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC acquired a new stake in Chicago Atlantic Real Estate Finance in the 3rd quarter valued at $160,000. Townsquare Capital LLC bought a new position in shares of Chicago Atlantic Real Estate Finance during the third quarter valued at $162,000. Doliver Advisors LP bought a new position in shares of Chicago Atlantic Real Estate Finance during the third quarter valued at $171,000. Martingale Asset Management L P boosted its stake in shares of Chicago Atlantic Real Estate Finance by 10.4% in the 3rd quarter. Martingale Asset Management L P now owns 18,045 shares of the company’s stock valued at $280,000 after purchasing an additional 1,703 shares in the last quarter. Finally, United Advisor Group LLC bought a new stake in shares of Chicago Atlantic Real Estate Finance in the 3rd quarter worth about $319,000. 25.48% of the stock is owned by institutional investors and hedge funds.

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.