Alpine Income Property Trust, Inc. (NYSE:PINE) Shares Sold by Boston Partners

Boston Partners trimmed its position in Alpine Income Property Trust, Inc. (NYSE:PINE) by 44.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,122 shares of the company’s stock after selling 25,842 shares during the quarter. Boston Partners owned about 0.23% of Alpine Income Property Trust worth $539,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Alpine Income Property Trust in the 3rd quarter valued at approximately $64,000. PNC Financial Services Group Inc. raised its stake in shares of Alpine Income Property Trust by 25.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the company’s stock valued at $72,000 after acquiring an additional 867 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Alpine Income Property Trust by 26.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company’s stock valued at $129,000 after acquiring an additional 1,483 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Alpine Income Property Trust in the 3rd quarter valued at approximately $143,000. Finally, Virtu Financial LLC purchased a new stake in shares of Alpine Income Property Trust in the 3rd quarter valued at approximately $200,000. 60.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 2,000 shares of the 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 sale, the director now directly owns 17,143 shares of the company’s stock, valued at approximately $285,259.52. This represents a 10.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.74% of the stock is owned by insiders.

Alpine Income Property Trust Price Performance

Alpine Income Property Trust stock opened at $16.20 on Friday. The company’s 50 day simple moving average is $16.52 and its 200-day simple moving average is $17.26. The company has a market capitalization of $238.03 million, a price-to-earnings ratio of 115.72, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82. Alpine Income Property Trust, Inc. has a 1 year low of $14.33 and a 1 year high of $19.42. 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 (NYSE:PINE) last announced its earnings results on Thursday, February 6th. The company reported $0.44 earnings per share for the quarter, topping 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 research analysts expect that Alpine Income Property Trust, Inc. will post 1.74 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be paid a dividend of $0.285 per share. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 7.04%. The ex-dividend date is Thursday, March 13th. Alpine Income Property Trust’s dividend payout ratio is presently 814.29%.

Alpine Income Property Trust 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.