Alpine Income Property Trust, Inc. (NYSE:PINE) Director Andrew C. Richardson Sells 2,000 Shares

Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) Director Andrew C. Richardson sold 2,000 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $16.64, for a total value of $33,280.00. Following the completion of the sale, the director now directly owns 17,143 shares of the company's stock, valued at $285,259.52. The trade was a 10.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Alpine Income Property Trust Stock Up 0.3 %

Shares of Alpine Income Property Trust stock traded up $0.05 during trading on Friday, reaching $16.58. The company's stock had a trading volume of 62,577 shares, compared to its average volume of 69,459. The company has a market cap of $243.59 million, a price-to-earnings ratio of 118.43, a P/E/G ratio of 1.58 and a beta of 0.80. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.09. The company has a 50-day simple moving average of $16.61 and a two-hundred day simple moving average of $17.45. Alpine Income Property Trust, Inc. has a 1-year low of $14.33 and a 1-year high of $19.42.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.44 earnings per share 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 analysts forecast that Alpine Income Property Trust, Inc. will post 1.74 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be issued a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 6.88%. The ex-dividend date is Thursday, March 13th. This is an increase from Alpine Income Property Trust's previous quarterly dividend of $0.28. Alpine Income Property Trust's dividend payout ratio is 814.29%.

Hedge Funds Weigh In On Alpine Income Property Trust

Several hedge funds and other institutional investors have recently bought and sold shares of PINE. Ameriflex Group Inc. acquired a new position in Alpine Income Property Trust in the 4th quarter worth approximately $43,000. BNP Paribas Financial Markets acquired a new position in Alpine Income Property Trust in the 4th quarter worth approximately $44,000. Public Employees Retirement System of Ohio acquired a new position in Alpine Income Property Trust in the 3rd quarter worth approximately $64,000. PNC Financial Services Group Inc. increased its holdings 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 buying an additional 867 shares during the period. Finally, Resona Asset Management Co. Ltd. acquired a new position in Alpine Income Property Trust in the 4th quarter worth approximately $75,000. Institutional investors and hedge funds 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.