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

Alpine Income Property Trust, Inc. (NYSE:PINE) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 54,300 shares, a growth of 20.9% from the January 31st total of 44,900 shares. Based on an average daily volume of 96,100 shares, the days-to-cover ratio is currently 0.6 days.

Insider Buying and Selling

In related news, Director Andrew C. Richardson sold 2,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $16.64, for a total transaction 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. This trade represents a 10.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.74% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Alpine Income Property Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC increased its position in Alpine Income Property Trust by 9.0% in the 4th quarter. Sound Income Strategies LLC now owns 866,916 shares of the company’s stock valued at $14,556,000 after acquiring an additional 71,488 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in shares of Alpine Income Property Trust by 6.6% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 297,221 shares of the company’s stock valued at $4,990,000 after purchasing an additional 18,293 shares during the last quarter. State Street Corp boosted its stake in shares of Alpine Income Property Trust by 18.7% in the 3rd 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 during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Alpine Income Property Trust by 15.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 198,906 shares of the company’s stock valued at $3,340,000 after purchasing an additional 26,305 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of 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 valued at $3,434,000 after purchasing an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 60.50% of the company’s stock.

Alpine Income Property Trust Trading Down 0.1 %

PINE opened at $16.55 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $243.17 million, a PE ratio of 118.22, a PEG ratio of 1.58 and a beta of 0.82. Alpine Income Property Trust has a 1-year low of $14.33 and a 1-year high of $19.42. The firm has a 50-day moving average price of $16.62 and a two-hundred day moving average price of $17.43.

Alpine Income Property Trust (NYSE:PINE) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate 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%. As a group, equities analysts anticipate that Alpine Income Property Trust will post 1.74 earnings per share for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be given a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 6.89%. 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 (DPR) is presently 814.29%.

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.