Alpine Income Property Trust (NYSE:PINE) Director Andrew Richardson Sells 1,000 Shares

Alpine Income Property Trust, Inc. (NYSE:PINE) Director Andrew Richardson sold 1,000 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $17.11, for a total transaction of $17,110.00. Following the completion of the transaction, the director directly owned 18,160 shares of the company’s stock, valued at approximately $310,717.60. The trade was a 5.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alpine Income Property Trust Price Performance

Shares of NYSE PINE traded up $0.06 during midday trading on Friday, reaching $16.99. 182,070 shares of the company were exchanged, compared to its average volume of 92,435. The stock’s 50-day moving average price is $15.44 and its 200-day moving average price is $14.99. The stock has a market cap of $240.64 million, a P/E ratio of -48.55, a PEG ratio of 1.60 and a beta of 0.56. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.46. Alpine Income Property Trust, Inc. has a one year low of $13.10 and a one year high of $17.88.

Alpine Income Property Trust (NYSE:PINE) last announced its quarterly earnings results on Thursday, October 23rd. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.52). The firm had revenue of $14.56 million during the quarter, compared to the consensus estimate of $14.67 million. Alpine Income Property Trust had a negative net margin of 8.86% and a negative return on equity of 1.96%. Alpine Income Property Trust has set its FY 2025 guidance at 1.820-1.850 EPS. On average, sell-side analysts anticipate that Alpine Income Property Trust, Inc. will post 1.74 earnings per share for the current fiscal year.

Alpine Income Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Thursday, December 11th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Thursday, December 11th. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently -325.71%.

Analysts Set New Price Targets

PINE has been the subject of several recent research reports. Stifel Nicolaus upped their price objective on Alpine Income Property Trust from $17.50 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Zacks Research raised shares of Alpine Income Property Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Industrial Alliance Securities set a $18.50 price target on shares of Alpine Income Property Trust in a research note on Monday, November 17th. Alliance Global Partners reiterated a “neutral” rating on shares of Alpine Income Property Trust in a report on Monday, November 17th. Finally, Jones Trading reissued a “buy” rating and issued a $19.00 price objective on shares of Alpine Income Property Trust in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Alpine Income Property Trust currently has an average rating of “Moderate Buy” and an average target price of $17.88.

Institutional Trading of Alpine Income Property Trust

A number of institutional investors have recently bought and sold shares of PINE. Atlantic Union Bankshares Corp acquired a new stake in Alpine Income Property Trust during the 3rd quarter worth about $25,000. Strs Ohio acquired a new position in shares of Alpine Income Property Trust in the 1st quarter valued at about $42,000. Resona Asset Management Co. Ltd. boosted its position in shares of Alpine Income Property Trust by 16.6% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 5,380 shares of the company’s stock valued at $89,000 after purchasing an additional 765 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Alpine Income Property Trust by 197.5% during the third quarter. BNP Paribas Financial Markets now owns 6,677 shares of the company’s stock worth $95,000 after purchasing an additional 4,433 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in Alpine Income Property Trust by 31.4% during the third quarter. Public Employees Retirement System of Ohio now owns 10,227 shares of the company’s stock worth $145,000 after purchasing an additional 2,442 shares during the period. Institutional investors own 60.50% of the company’s stock.

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.