Alpine Income Property Trust, Inc. (NYSE:PINE) Short Interest Update

Alpine Income Property Trust, Inc. (NYSE:PINE) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 44,900 shares, a decrease of 28.3% from the January 15th total of 62,600 shares. Based on an average daily volume of 98,600 shares, the short-interest ratio is currently 0.5 days.

Alpine Income Property Trust Stock Down 0.4 %

PINE traded down $0.06 during trading on Friday, reaching $16.44. The company had a trading volume of 54,765 shares, compared to its average volume of 89,207. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.85 and a quick ratio of 3.85. Alpine Income Property Trust has a 12 month low of $14.32 and a 12 month high of $19.42. The business’s fifty day moving average price is $16.73 and its 200 day moving average price is $17.48. The company has a market cap of $241.54 million, a P/E ratio of 117.43, a PEG ratio of 1.61 and a beta of 0.80.

Alpine Income Property Trust (NYSE:PINE) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.40. Alpine Income Property Trust had a net margin of 3.96% and a return on equity of 0.76%. Equities analysts anticipate that Alpine Income Property Trust will post 1.78 EPS for the current year.

Alpine Income Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be paid a $0.285 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.14 dividend on an annualized basis and a yield of 6.93%. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.28. Alpine Income Property Trust’s payout ratio is presently 814.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PINE shares. Stifel Nicolaus raised their price objective on shares of Alpine Income Property Trust from $19.75 to $20.25 and gave the stock a “buy” rating in a report on Monday, October 21st. Robert W. Baird raised their price objective on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.25.

Insider Buying and Selling at Alpine Income Property Trust

In other news, Director Wein Rachel Elias sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $18.00, for a total transaction of $36,000.00. Following the completion of the transaction, the director now directly owns 9,492 shares of the company’s stock, valued at approximately $170,856. This trade represents a 17.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.74% of the company’s stock.

Institutional Trading of Alpine Income Property Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new stake in shares of Alpine Income Property Trust in the third quarter worth $64,000. PNC Financial Services Group Inc. raised its position in Alpine Income Property Trust by 25.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the company’s stock worth $72,000 after acquiring an additional 867 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in Alpine Income Property Trust during the fourth quarter worth $75,000. JPMorgan Chase & Co. raised its position in Alpine Income Property Trust by 26.6% during the third quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company’s stock worth $129,000 after acquiring an additional 1,483 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in Alpine Income Property Trust during the third quarter worth $143,000. 60.50% of the stock is currently owned by institutional investors and hedge funds.

Alpine Income Property Trust Company Profile

Alpine Income Property Trust, Inc (NYSE: PINE) is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased properties that are predominately leased to high-quality publicly traded and credit-rated tenants.