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

Alpine Income Property Trust, Inc. (NYSE:PINE) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 44,900 shares, a decline 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.

Insider Buying and Selling at Alpine Income Property Trust

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. State of New Jersey Common Pension Fund D raised its stake in Alpine Income Property Trust by 8.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 188,703 shares of the company’s stock valued at $3,434,000 after buying an additional 15,000 shares in the last quarter. Truvestments Capital LLC acquired a new position in Alpine Income Property Trust in the 3rd quarter valued at about $143,000. Martingale Asset Management L P purchased a new stake in Alpine Income Property Trust in the 3rd quarter valued at approximately $441,000. Jacobs Levy Equity Management Inc. purchased a new stake in Alpine Income Property Trust in the 3rd quarter valued at approximately $336,000. Finally, Quadrature Capital Ltd purchased a new stake in Alpine Income Property Trust in the 3rd quarter valued at approximately $239,000. 60.50% of the stock is currently owned by hedge funds and other institutional investors.

Alpine Income Property Trust Stock Performance

Alpine Income Property Trust stock traded down $0.06 during trading hours on Friday, hitting $16.44. 54,765 shares of the stock traded hands, 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. The firm’s 50 day moving average price is $16.73 and its 200-day moving average price is $17.48. The stock has a market capitalization of $241.54 million, a price-to-earnings ratio of 117.43, a P/E/G ratio of 1.61 and a beta of 0.80. Alpine Income Property Trust has a 1 year low of $14.32 and a 1 year high of $19.42.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts expect that Alpine Income Property Trust will post 1.78 EPS for the current fiscal year.

Alpine Income Property Trust Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PINE shares. Robert W. Baird raised their target price on Alpine Income Property Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Stifel Nicolaus boosted their target price on Alpine Income Property Trust from $19.75 to $20.25 and gave the company a “buy” rating in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Alpine Income Property Trust has a consensus rating of “Moderate Buy” and a consensus price target of $19.25.

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.