Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) Director Andrew C. Richardson sold 2,000 shares of Alpine Income Property Trust stock in a transaction on Monday, February 24th. The stock was sold at an average price of $16.64, for a total value of $33,280.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Alpine Income Property Trust Price Performance
PINE opened at $16.58 on Thursday. The firm has a market cap of $243.64 million, a P/E ratio of 118.45, a PEG ratio of 1.58 and a beta of 0.80. 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 fifty-two week low of $14.32 and a fifty-two week high of $19.42. The firm has a 50-day moving average of $16.61 and a 200 day moving average of $17.45.
Alpine Income Property Trust (NYSE:PINE - Get Free Report) last released its 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%. On average, research analysts expect that Alpine Income Property Trust, Inc. will post 1.74 EPS for the current year.
Alpine Income Property Trust Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Alpine Income Property Trust's previous quarterly dividend of $0.28. Alpine Income Property Trust's dividend payout ratio is currently 814.29%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in PINE. Sound Income Strategies LLC lifted its holdings in Alpine Income Property Trust by 9.0% during the fourth quarter. Sound Income Strategies LLC now owns 866,916 shares of the company's stock valued at $14,556,000 after purchasing an additional 71,488 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Alpine Income Property Trust by 6.6% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 297,221 shares of the company's stock worth $4,990,000 after acquiring an additional 18,293 shares during the period. State Street Corp grew its position in shares of Alpine Income Property Trust by 18.7% in the third quarter. State Street Corp now owns 272,081 shares of the company's stock valued at $4,952,000 after purchasing an additional 42,889 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Alpine Income Property Trust by 15.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 198,906 shares of the company's stock worth $3,340,000 after purchasing an additional 26,305 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in Alpine Income Property Trust by 8.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 188,703 shares of the company's stock worth $3,434,000 after purchasing an additional 15,000 shares during the period. Institutional investors own 60.50% of the company's stock.
Alpine Income Property Trust Company Profile
(
Get Free Report)
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.
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