Andrew C. Richardson Sells 1,000 Shares of Alpine Income Property Trust, Inc. (NYSE:PINE) Stock

Alpine Income Property Trust, Inc. (NYSE:PINE) Director Andrew C. Richardson sold 1,000 shares of Alpine Income Property Trust stock in a transaction on Monday, September 30th. The stock was sold at an average price of $18.15, for a total transaction of $18,150.00. Following the transaction, the director now directly owns 20,087 shares in the company, valued at $364,579.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Alpine Income Property Trust Stock Down 2.1 %

Shares of PINE stock opened at $17.32 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.00. Alpine Income Property Trust, Inc. has a 1 year low of $14.25 and a 1 year high of $19.42. The firm’s fifty day moving average price is $17.94 and its two-hundred day moving average price is $16.32. The firm has a market capitalization of $236.07 million, a P/E ratio of -433.00, a PEG ratio of 1.85 and a beta of 0.80.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings results on Thursday, July 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.38). The business had revenue of $12.49 million during the quarter, compared to analyst estimates of $12.10 million. Alpine Income Property Trust had a negative net margin of 1.16% and a negative return on equity of 0.20%. During the same quarter in the previous year, the firm posted $0.37 earnings per share. On average, equities analysts predict that Alpine Income Property Trust, Inc. will post 1.65 EPS for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 12th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 12th. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.28. This represents a $1.12 annualized dividend and a dividend yield of 6.47%. Alpine Income Property Trust’s payout ratio is currently -2,800.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PINE shares. B. Riley reissued a “buy” rating and set a $20.00 price target (up from $19.50) on shares of Alpine Income Property Trust in a research report on Wednesday, July 24th. Truist Financial raised their price objective on shares of Alpine Income Property Trust from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Stifel Nicolaus raised their price objective on shares of Alpine Income Property Trust from $18.00 to $19.25 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Raymond James raised their price objective on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.89.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Rhumbline Advisers increased its stake in shares of Alpine Income Property Trust by 8.0% during the 2nd quarter. Rhumbline Advisers now owns 17,197 shares of the company’s stock worth $268,000 after purchasing an additional 1,272 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Alpine Income Property Trust by 5.8% during the 1st quarter. Tidal Investments LLC now owns 19,466 shares of the company’s stock worth $297,000 after purchasing an additional 1,064 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Alpine Income Property Trust during the 2nd quarter worth about $352,000. Guardian Wealth Management Inc. increased its stake in shares of Alpine Income Property Trust by 3.0% during the 4th quarter. Guardian Wealth Management Inc. now owns 38,927 shares of the company’s stock worth $658,000 after purchasing an additional 1,138 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Alpine Income Property Trust during the 2nd quarter worth about $647,000. 60.50% of the stock is currently owned by institutional investors and hedge funds.

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.