Alpine Income Property Trust, Inc. (NYSE:PINE) Director Sells $33,280.00 in Stock

Alpine Income Property Trust, Inc. (NYSE:PINE) Director Andrew C. Richardson sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $16.64, for a total value of $33,280.00. Following the completion of the sale, the director now owns 17,143 shares in the company, valued at $285,259.52. The trade was a 10.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alpine Income Property Trust Price Performance

Shares of PINE opened at $16.58 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.94 and a current ratio of 0.94. Alpine Income Property Trust, Inc. has a 52-week low of $14.33 and a 52-week high of $19.42. The business’s 50 day moving average price is $16.61 and its two-hundred day moving average price is $17.45. The firm has a market cap of $243.59 million, a PE ratio of 118.43, a price-to-earnings-growth ratio of 1.58 and a beta of 0.80.

Alpine Income Property Trust (NYSE:PINE) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.40. Alpine Income Property Trust had a return on equity of 0.76% and a net margin of 3.96%. On average, equities analysts anticipate that Alpine Income Property Trust, Inc. will post 1.74 EPS for the current year.

Alpine Income Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be issued a $0.285 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.14 annualized dividend and a dividend yield of 6.88%. This is a boost from Alpine Income Property Trust’s previous quarterly dividend of $0.28. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently 814.29%.

Hedge Funds Weigh In On Alpine Income Property Trust

Large investors have recently modified their holdings of the company. Ameriflex Group Inc. purchased a new position in shares of Alpine Income Property Trust during the fourth quarter valued at approximately $43,000. BNP Paribas Financial Markets purchased a new position in shares of Alpine Income Property Trust during the 4th quarter worth $44,000. Public Employees Retirement System of Ohio bought a new stake in Alpine Income Property Trust during the third quarter valued at about $64,000. PNC Financial Services Group Inc. raised its stake in Alpine Income Property Trust by 25.4% during the 4th 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 during the period. Finally, Resona Asset Management Co. Ltd. purchased a new stake in Alpine Income Property Trust in the 4th quarter worth $75,000. 60.50% of the stock is owned by hedge funds and other institutional investors.

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.