Cottage Street Advisors LLC Has $729,000 Stake in Alpine Income Property Trust, Inc. (NYSE:PINE)

Cottage Street Advisors LLC increased its position in Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) by 124.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,437 shares of the company's stock after buying an additional 24,127 shares during the quarter. Cottage Street Advisors LLC owned about 0.30% of Alpine Income Property Trust worth $729,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of PINE. Sei Investments Co. acquired a new stake in shares of Alpine Income Property Trust in the 4th quarter valued at $219,000. Thrivent Financial for Lutherans bought a new stake in shares of Alpine Income Property Trust during the fourth quarter valued at approximately $493,000. PNC Financial Services Group Inc. lifted its position in Alpine Income Property Trust by 25.4% in the fourth 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. Raymond James Financial Inc. bought a new stake in Alpine Income Property Trust in the 4th quarter valued at $2,130,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Alpine Income Property Trust by 5.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 36,157 shares of the company's stock valued at $607,000 after buying an additional 1,977 shares in the last quarter. 60.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Andrew C. Richardson sold 2,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $16.64, for a total transaction of $33,280.00. Following the transaction, the director now directly owns 17,143 shares of the company's stock, valued at approximately $285,259.52. The trade was a 10.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.74% of the stock is owned by company insiders.

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Alpine Income Property Trust Price Performance

Shares of Alpine Income Property Trust stock traded up $0.14 during trading on Friday, hitting $16.62. 54,771 shares of the company's stock traded hands, compared to its average volume of 71,872. The company has a market cap of $244.20 million, a PE ratio of 118.72, a PEG ratio of 1.58 and a beta of 0.82. The firm's fifty day moving average price is $16.49 and its 200 day moving average price is $17.18. Alpine Income Property Trust, Inc. has a twelve month low of $14.33 and a twelve month high of $19.42. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.94 and a quick ratio of 0.94.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.44 EPS for the quarter, topping 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%. 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 company also recently disclosed 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 6.86%. 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 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.