Alpine Income Property Trust, Inc. (NYSE:PINE) Short Interest Down 28.3% in January

Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 44,900 shares, a decrease of 28.3% from the January 15th total of 62,600 shares. Based on an average daily trading volume, of 98,600 shares, the days-to-cover ratio is presently 0.5 days.

Insider Activity

In other Alpine Income Property Trust news, Director Wein Rachel Elias sold 2,000 shares of Alpine Income Property Trust stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $18.00, for a total value of $36,000.00. Following the sale, the director now owns 9,492 shares of the company's stock, valued at $170,856. This trade represents a 17.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.74% of the company's stock.

Institutional Trading of Alpine Income Property Trust

Several institutional investors and hedge funds have recently bought and sold shares of PINE. State of New Jersey Common Pension Fund D increased its holdings in shares of Alpine Income Property Trust by 8.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 188,703 shares of the company's stock worth $3,434,000 after acquiring an additional 15,000 shares during the last quarter. Truvestments Capital LLC bought a new position in Alpine Income Property Trust during the third quarter worth $143,000. Martingale Asset Management L P acquired a new position in shares of Alpine Income Property Trust in the third quarter valued at $441,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Alpine Income Property Trust in the third quarter valued at about $336,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Alpine Income Property Trust during the 3rd quarter worth about $239,000. Institutional investors own 60.50% of the company's stock.

Alpine Income Property Trust Stock Up 0.4 %

Shares of NYSE PINE traded up $0.06 during trading hours on Tuesday, hitting $16.49. The company had a trading volume of 69,865 shares, compared to its average volume of 96,886. Alpine Income Property Trust has a 1-year low of $14.32 and a 1-year high of $19.42. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 1.03. The firm's 50 day moving average is $16.68 and its 200-day moving average is $17.47. The stock has a market capitalization of $235.31 million, a P/E ratio of 117.79, a price-to-earnings-growth ratio of 1.61 and a beta of 0.80.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates 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, analysts expect that Alpine Income Property Trust will post 1.78 earnings per share for the current fiscal 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 dividend of $0.285 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.14 dividend on an annualized basis and a yield of 6.91%. This is a boost from Alpine Income Property Trust's previous quarterly dividend of $0.28. Alpine Income Property Trust's dividend payout ratio (DPR) is presently 800.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus lifted their target price on Alpine Income Property Trust from $19.75 to $20.25 and gave the company a "buy" rating in a research report on Monday, October 21st. Robert W. Baird lifted their price objective on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $19.25.

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.