Boston Partners Sells 25,842 Shares of Alpine Income Property Trust, Inc. (NYSE:PINE)

Boston Partners decreased its stake in shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) by 44.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 32,122 shares of the company's stock after selling 25,842 shares during the quarter. Boston Partners owned 0.23% of Alpine Income Property Trust worth $539,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. grew its position in Alpine Income Property Trust by 25.4% during the fourth 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 in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Alpine Income Property Trust by 26.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company's stock worth $129,000 after acquiring an additional 1,483 shares during the period. Tidal Investments LLC grew its holdings in shares of Alpine Income Property Trust by 7.4% during the 3rd quarter. Tidal Investments LLC now owns 22,906 shares of the company's stock worth $417,000 after purchasing an additional 1,578 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Alpine Income Property Trust by 5.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,157 shares of the company's stock valued at $607,000 after purchasing an additional 1,977 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Alpine Income Property Trust by 11.7% in the fourth quarter. Rhumbline Advisers now owns 19,916 shares of the company's stock valued at $334,000 after purchasing an additional 2,081 shares in the last quarter. Institutional investors and hedge funds own 60.50% of the company's stock.

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Insider Activity

In other news, Director Andrew C. Richardson sold 2,000 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $16.64, for a total value of $33,280.00. Following the sale, the director now owns 17,143 shares in the company, valued at approximately $285,259.52. The trade was a 10.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.74% of the company's stock.

Alpine Income Property Trust Stock Performance

PINE traded up $0.19 during trading on Wednesday, reaching $16.51. 45,217 shares of the company's stock were exchanged, compared to its average volume of 70,625. The company has a market capitalization of $242.61 million, a P/E ratio of 117.95, a PEG ratio of 1.58 and a beta of 0.82. 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 business has a 50 day moving average price of $16.51 and a 200 day moving average price of $17.21. Alpine Income Property Trust, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $19.42.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.44 EPS for the quarter, topping 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%. As a group, analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 6.90%. This is an increase from Alpine Income Property Trust's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, March 13th. Alpine Income Property Trust's payout ratio is presently 814.29%.

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.