Alpine Income Property Trust, Inc. (NYSE:PINE) Stake Raised by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC raised its holdings in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,221 shares of the company’s stock after acquiring an additional 18,293 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 2.08% of Alpine Income Property Trust worth $4,990,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PINE. Public Employees Retirement System of Ohio acquired a new position in shares of Alpine Income Property Trust in the third quarter worth $64,000. PNC Financial Services Group Inc. increased its position in 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 worth $72,000 after purchasing an additional 867 shares during the last quarter. JPMorgan Chase & Co. increased its position in Alpine Income Property Trust by 26.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company’s stock worth $129,000 after purchasing an additional 1,483 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Alpine Income Property Trust during the 3rd quarter worth about $143,000. Finally, Virtu Financial LLC acquired a new stake in shares of Alpine Income Property Trust during the 3rd quarter valued at about $200,000. Hedge funds and other institutional investors own 60.50% of the company’s stock.

Insiders Place Their Bets

In other news, Director Andrew C. Richardson sold 2,000 shares of Alpine Income Property Trust 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 transaction, the director now owns 17,143 shares of the company’s stock, valued at $285,259.52. This trade represents a 10.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.74% of the company’s stock.

Alpine Income Property Trust Trading Up 1.2 %

NYSE:PINE opened at $16.51 on Thursday. The company has a market capitalization of $242.61 million, a P/E ratio of 117.95, a P/E/G ratio of 1.58 and a beta of 0.82. The stock’s 50 day moving average price is $16.51 and its 200 day moving average price is $17.21. 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, Inc. has a 52 week low of $14.33 and a 52 week high of $19.42.

Alpine Income Property Trust (NYSE:PINE) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.44 EPS 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%. On average, research analysts forecast that Alpine Income Property Trust, Inc. will post 1.74 EPS for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.285 per share. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 6.90%. The ex-dividend date is Thursday, March 13th. Alpine Income Property Trust’s dividend payout ratio (DPR) is 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.