Alpine Income Property Trust, Inc. (NYSE:PINE) Short Interest Down 21.2% in February

Alpine Income Property Trust, Inc. (NYSE:PINE) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 42,800 shares, a decline of 21.2% from the February 13th total of 54,300 shares. Based on an average daily volume of 88,800 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the company are sold short.

Alpine Income Property Trust Price Performance

PINE traded up $0.09 during trading on Monday, reaching $16.26. 63,504 shares of the stock were exchanged, compared to its average volume of 70,208. The business’s 50 day moving average price is $16.56 and its two-hundred day moving average price is $17.34. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $238.82 million, a price-to-earnings ratio of 116.11, a P/E/G ratio of 1.58 and a beta of 0.82. Alpine Income Property Trust has a 1 year low of $14.33 and a 1 year high of $19.42.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.40. Alpine Income Property Trust had a return on equity of 0.76% and a net margin of 3.96%. As a group, equities research analysts anticipate that Alpine Income Property Trust will post 1.74 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be paid a $0.285 dividend. 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 7.01%. The ex-dividend date of this dividend is Thursday, March 13th. Alpine Income Property Trust’s dividend payout ratio is presently 814.29%.

Insider Activity

In related news, Director Andrew C. Richardson sold 2,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $16.64, for a total transaction 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 represents a 10.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.74% of the company’s stock.

Institutional Investors Weigh In On Alpine Income Property Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in PINE. State Street Corp grew its stake in shares of Alpine Income Property Trust by 18.7% in the third quarter. State Street Corp now owns 272,081 shares of the company’s stock valued at $4,952,000 after buying an additional 42,889 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Alpine Income Property Trust by 26.6% in the third quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company’s stock valued at $129,000 after buying an additional 1,483 shares in the last quarter. Barclays PLC grew its stake in shares of Alpine Income Property Trust by 282.4% in the third quarter. Barclays PLC now owns 16,411 shares of the company’s stock valued at $299,000 after buying an additional 12,119 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Alpine Income Property Trust by 216.2% in the third quarter. Jane Street Group LLC now owns 43,486 shares of the company’s stock valued at $791,000 after buying an additional 29,735 shares in the last quarter. Finally, Sound Income Strategies LLC grew its stake in shares of Alpine Income Property Trust by 9.0% in the fourth quarter. Sound Income Strategies LLC now owns 866,916 shares of the company’s stock valued at $14,556,000 after buying an additional 71,488 shares in the last quarter. 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.