On September 4, 2023, investment analysts at Piper Sandler began covering the shares of Chicago Atlantic Real Estate Finance (REFI) and provided their insights in a research note. According to Briefing.com, the firm assigned a “neutral” rating to the stock and set a price target of $16.00. This price target suggests a potential increase in value of 5.82% from the company’s previous closing price.
As of Friday, REFI shares opened at $15.12. The stock has been trading with a 50-day moving average price of $15.11 and a 200-day moving average price of $14.59. With a market capitalization of $274.81 million and a beta of 0.06, Chicago Atlantic Real Estate Finance operates as a commercial real estate finance company in the United States.
The primary business activities of Chicago Atlantic Real Estate Finance include originating, structuring, and investing in first mortgage loans as well as alternative structured financings that are secured by commercial real estate properties. Additionally, the company offers senior loans to state-licensed operators within the cannabis industry.
In its latest quarterly earnings release on August 9th, Chicago Atlantic Real Estate Finance reported earnings per share (EPS) of $0.54 for the quarter, falling short of analysts’ consensus estimates by ($0.10). The firm generated revenue totaling $14.66 million for the quarter, below the consensus estimate of $15.78 million.
Chicago Atlantic Real Estate Finance’s net margin stood at 61.75%, while its return on equity reached 14.02%. Comparatively, during the same quarter of the previous year, the company posted earnings per share of $0.50.
Equities research analysts anticipate that Chicago Atlantic Real Estate Finance will achieve an EPS figure of 2.16 for the current year.
Please note that this article is based on information available as of September 4, 2023, and may no longer reflect the most current data.
Chicago Atlantic Real Estate Finance, Inc.
Updated on: 03/03/2024
Debt to equity ratio: Strong Sell
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
We did not find social sentiment data for this stock
|Analyst / firm
Growing Investment Activity and Analyst Confidence Surrounding Chicago Atlantic Real Estate Finance
In recent months, there has been significant activity surrounding the stock of Chicago Atlantic Real Estate Finance. A number of equities analysts have issued research reports offering their insight on the company’s potential future performance. One such report came from Compass Point, which raised its price objective on the stock from $15.00 to $16.00 on May 17th of this year.
Another reputable firm, JMP Securities, reissued a “market outperform” rating and set a price target of $20.00 for Chicago Atlantic Real Estate Finance on August 15th.
It is worth noting that several institutional investors have made moves with regards to their holdings in this particular company in recent times. Royal Bank of Canada, for instance, acquired a new stake in Chicago Atlantic Real Estate Finance during the first quarter with an estimated value of around $28,000.
Similarly, UBS Group AG also bought into the stock in the fourth quarter of last year at a price point of $25,000. Lindbrook Capital LLC followed suit by increasing its position in Chicago Atlantic Real Estate Finance by an impressive 51.7% during the second quarter. This move saw them acquire an additional 750 shares with an estimated value of $33,000.
Additionally, Allspring Global Investments Holdings LLC significantly boosted its stake in Chicago Atlantic Real Estate Finance during the same quarter by a staggering 632.8%. This acquisition resulted in them owning an extra 2,082 shares valued at approximately $37,000.
Lastly, California State Teachers Retirement System entered into the mix by purchasing a new stake in Chicago Atlantic Real Estate Finance earlier this year for approximately $45,000.
In summary, there has been substantial investment interest surrounding Chicago Atlantic Real Estate Finance recently. Equities analysts have displayed confidence in this stock’s potential growth and institutional investors are increasing their positions accordingly. These activities signify a vote of confidence for the future prospects of this company and will likely influence its performance moving forward.