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 dated Monday, September 30th. The stock was sold at an average price of $18.15, for a total value of $18,150.00. Following the completion of the sale, the director now owns 20,087 shares of the company’s stock, valued at approximately $364,579.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Alpine Income Property Trust Trading Up 1.2 %

PINE opened at $17.55 on Friday. The firm’s fifty day moving average is $17.94 and its two-hundred day moving average is $16.32. The firm has a market cap of $239.21 million, a PE ratio of -438.75, a price-to-earnings-growth ratio of 1.85 and a beta of 0.80. Alpine Income Property Trust, Inc. has a twelve month low of $14.25 and a twelve month high of $19.42. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.88 and a current ratio of 0.88.

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

Alpine Income Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 12th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 6.38%. The ex-dividend date of this dividend was Thursday, September 12th. This is a boost from Alpine Income Property Trust’s previous quarterly dividend of $0.28. Alpine Income Property Trust’s payout ratio is -2,800.00%.

Analysts Set New Price Targets

PINE has been the topic of several recent research reports. Stifel Nicolaus raised their target price on shares of Alpine Income Property Trust from $18.00 to $19.25 and gave the company a “buy” rating in a research note on Friday, July 19th. Truist Financial lifted their target price 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. B. Riley reiterated a “buy” rating and set a $20.00 target price (up previously from $19.50) on shares of Alpine Income Property Trust in a research report on Wednesday, July 24th. Finally, Raymond James raised their price target on Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Alpine Income Property Trust currently has a consensus rating of “Moderate Buy” and an average price target of $18.89.

Hedge Funds Weigh In On Alpine Income Property Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers raised its holdings in 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 buying an additional 1,272 shares during the period. Tidal Investments LLC raised its holdings in shares of Alpine Income Property Trust by 5.8% during the first quarter. Tidal Investments LLC now owns 19,466 shares of the company’s stock worth $297,000 after acquiring an additional 1,064 shares during the period. Los Angeles Capital Management LLC bought a new stake in Alpine Income Property Trust in the 2nd quarter valued at $352,000. Renaissance Technologies LLC acquired a new position in Alpine Income Property Trust in the 2nd quarter worth $647,000. Finally, Guardian Wealth Management Inc. boosted its stake in Alpine Income Property Trust by 3.0% in 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 period. 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.