Alpine Income Property Trust, Inc. (NYSE:PINE) Short Interest Update

Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 61,400 shares, a growth of 43.5% from the February 28th total of 42,800 shares. Currently, 0.4% of the company's stock are sold short. Based on an average trading volume of 88,600 shares, the short-interest ratio is presently 0.7 days.

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.

Institutional Investors Weigh In On Alpine Income Property Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC boosted its stake in shares of Alpine Income Property Trust by 9.0% in the fourth quarter. Sound Income Strategies LLC now owns 866,916 shares of the company's stock worth $14,556,000 after buying an additional 71,488 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its position in Alpine Income Property Trust by 6.6% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 297,221 shares of the company's stock worth $4,990,000 after purchasing an additional 18,293 shares in the last quarter. State Street Corp grew its stake in shares of Alpine Income Property Trust by 18.7% during the 3rd quarter. State Street Corp now owns 272,081 shares of the company's stock worth $4,952,000 after purchasing an additional 42,889 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Alpine Income Property Trust by 15.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 198,906 shares of the company's stock valued at $3,340,000 after purchasing an additional 26,305 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of Alpine Income Property Trust by 127.9% in the 4th quarter. Nuveen Asset Management LLC now owns 174,465 shares of the company's stock valued at $2,929,000 after purchasing an additional 97,910 shares during the period. 60.50% of the stock is owned by institutional investors and hedge funds.

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Alpine Income Property Trust Stock Performance

Shares of PINE stock traded down $0.38 during mid-day trading on Wednesday, reaching $16.75. The stock had a trading volume of 50,971 shares, compared to its average volume of 72,327. Alpine Income Property Trust has a 1-year low of $14.33 and a 1-year high of $19.42. The firm has a market cap of $246.09 million, a price-to-earnings ratio of 119.64, a PEG ratio of 1.58 and a beta of 0.82. 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 business's fifty day moving average is $16.49 and its 200-day moving average is $17.15.

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

Alpine Income Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 13th were given a dividend of $0.285 per share. The ex-dividend date was Thursday, March 13th. This is an increase from Alpine Income Property Trust's previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a yield of 6.81%. 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.