Pacific Ridge Capital Partners LLC Raises Stake in Alpine Income Property Trust, Inc. (NYSE:PINE)

Pacific Ridge Capital Partners LLC raised its holdings in shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 297,221 shares of the company's stock after buying an additional 18,293 shares during the period. Pacific Ridge Capital Partners LLC owned about 2.08% of Alpine Income Property Trust worth $4,990,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PINE. Public Employees Retirement System of Ohio purchased a new stake in Alpine Income Property Trust in the 3rd quarter valued at about $64,000. PNC Financial Services Group Inc. increased its holdings in Alpine Income Property Trust by 25.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the company's stock worth $72,000 after purchasing an additional 867 shares during the period. JPMorgan Chase & Co. raised its position in Alpine Income Property Trust by 26.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company's stock valued at $129,000 after purchasing an additional 1,483 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Alpine Income Property Trust in the 3rd quarter worth $143,000. Finally, Virtu Financial LLC purchased a new stake in shares of Alpine Income Property Trust in the 3rd quarter worth $200,000. 60.50% of the stock is currently owned by hedge funds and other institutional investors.

Alpine Income Property Trust Stock Up 0.5 %

Shares of Alpine Income Property Trust stock traded up $0.09 during trading on Monday, hitting $16.70. 27,152 shares of the stock traded hands, compared to its average volume of 71,697. Alpine Income Property Trust, Inc. has a 52-week low of $14.33 and a 52-week high of $19.42. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09. The firm has a market cap of $245.28 million, a P/E ratio of 119.18, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82. The stock's fifty day simple moving average is $16.49 and its 200 day simple moving average is $17.17.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) 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 net margin of 3.96% and a return on equity of 0.76%. On average, equities 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 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 dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 6.83%. 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 814.29%.

Insider Activity at Alpine Income Property Trust

In other news, Director Andrew C. Richardson sold 2,000 shares of Alpine Income Property Trust stock in a transaction on Monday, February 24th. The shares were sold at an average price of $16.64, for a total transaction of $33,280.00. Following the completion of the sale, the director now directly owns 17,143 shares in the company, valued at approximately $285,259.52. The trade was a 10.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.74% of the stock is currently owned by corporate insiders.

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.