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

Alpine Income Property Trust, Inc. (NYSE:PINE) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 56,600 shares, a decrease of 63.9% from the November 30th total of 156,700 shares. Based on an average daily trading volume, of 93,000 shares, the days-to-cover ratio is presently 0.6 days.

Insider Buying and Selling at Alpine Income Property Trust

In other Alpine Income Property Trust news, Director Wein Rachel Elias sold 2,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $18.00, for a total value of $36,000.00. Following the transaction, the director now owns 9,492 shares in the company, valued at $170,856. The trade was a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 3,500 shares of company stock worth $62,975. 0.74% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alpine Income Property Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new stake in shares of Alpine Income Property Trust during the 2nd quarter worth approximately $647,000. Sound Income Strategies LLC boosted its stake in Alpine Income Property Trust by 8.3% during the third quarter. Sound Income Strategies LLC now owns 795,428 shares of the company’s stock worth $14,477,000 after buying an additional 60,659 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Alpine Income Property Trust by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 117,280 shares of the company’s stock valued at $1,825,000 after buying an additional 8,332 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Alpine Income Property Trust in the 2nd quarter valued at $352,000. Finally, Guardian Wealth Management Inc. raised its stake in shares of Alpine Income Property Trust by 4.3% in the 2nd quarter. Guardian Wealth Management Inc. now owns 45,681 shares of the company’s stock valued at $711,000 after buying an additional 1,882 shares in the last quarter. 60.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PINE has been the subject of several recent research reports. UBS Group began coverage on Alpine Income Property Trust in a research note on Monday, October 14th. They issued a “neutral” rating and a $19.00 price target for the company. Robert W. Baird increased their price target on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Alliance Global Partners lifted their price objective on shares of Alpine Income Property Trust from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Stifel Nicolaus increased their target price on shares of Alpine Income Property Trust from $19.75 to $20.25 and gave the stock a “buy” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.25.

Alpine Income Property Trust Stock Performance

Shares of NYSE PINE traded down $0.16 during trading hours on Friday, hitting $16.26. 70,043 shares of the company’s stock were exchanged, compared to its average volume of 63,771. The stock has a market capitalization of $232.08 million, a price-to-earnings ratio of 73.91, a PEG ratio of 1.67 and a beta of 0.79. The company’s 50-day moving average price is $17.60 and its 200-day moving average price is $17.27. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.85 and a quick ratio of 3.85. 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 posted its quarterly earnings data on Thursday, October 17th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.19). Alpine Income Property Trust had a net margin of 6.72% and a return on equity of 1.23%. The business had revenue of $13.48 million during the quarter, compared to the consensus estimate of $12.08 million. During the same period in the prior year, the company posted $0.37 earnings per share. On average, sell-side analysts expect that Alpine Income Property Trust will post 1.71 earnings per share for the current fiscal year.

Alpine Income Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.89%. The ex-dividend date is Thursday, December 12th. Alpine Income Property Trust’s dividend payout ratio is currently 509.09%.

About Alpine Income Property Trust

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.