AlphaCentric Advisors LLC Invests $1.54 Million in Alpine Income Property Trust, Inc. (NYSE:PINE)

AlphaCentric Advisors LLC bought a new position in shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 91,980 shares of the company's stock, valued at approximately $1,544,000. Alpine Income Property Trust makes up about 1.5% of AlphaCentric Advisors LLC's portfolio, making the stock its 16th biggest position. AlphaCentric Advisors LLC owned approximately 0.64% of Alpine Income Property Trust at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in shares of Alpine Income Property Trust in the third quarter valued at $64,000. JPMorgan Chase & Co. increased its holdings in Alpine Income Property Trust by 26.6% during the third quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company's stock worth $129,000 after buying an additional 1,483 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Alpine Income Property Trust in the third quarter valued at approximately $143,000. Virtu Financial LLC bought a new stake in shares of Alpine Income Property Trust in the third quarter valued at approximately $200,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Alpine Income Property Trust in the third quarter valued at approximately $239,000. 60.50% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Wein Rachel Elias sold 2,000 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $18.00, for a total transaction of $36,000.00. Following the completion of the sale, the director now directly owns 9,492 shares in the company, valued at $170,856. This represents a 17.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.74% of the stock is owned by corporate insiders.

Alpine Income Property Trust Price Performance

NYSE:PINE remained flat at $16.44 during mid-day trading on Thursday. 64,628 shares of the company traded hands, compared to its average volume of 94,352. The firm's 50-day moving average is $16.66 and its 200-day moving average is $17.47. The company has a market cap of $241.50 million, a P/E ratio of 117.43, a PEG ratio of 1.58 and a beta of 0.80. Alpine Income Property Trust, Inc. has a 12 month low of $14.32 and a 12 month high of $19.42. 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 (NYSE:PINE - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.44 EPS for the quarter, beating 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%. Analysts anticipate that Alpine Income Property Trust, Inc. will post 1.74 earnings per share for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date is Thursday, March 13th. This is a boost from Alpine Income Property Trust's previous quarterly dividend of $0.28. Alpine Income Property Trust's payout ratio is currently 800.00%.

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.