Alpine Income Property Trust, Inc. (NYSE:PINE) Sees Significant Growth in Short Interest

Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 54,300 shares, an increase of 20.9% from the January 31st total of 44,900 shares. Based on an average daily volume of 96,100 shares, the short-interest ratio is presently 0.6 days.

Insider Activity at Alpine Income Property Trust

In other Alpine Income Property Trust 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.74% of the stock is owned by company insiders.

Institutional Trading of Alpine Income Property Trust

A number of hedge funds have recently made changes to their positions in PINE. PNC Financial Services Group Inc. raised its stake 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 valued at $72,000 after buying an additional 867 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Alpine Income Property Trust by 26.6% during the third quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company's stock valued at $129,000 after acquiring an additional 1,483 shares in the last quarter. Tidal Investments LLC raised its position in shares of Alpine Income Property Trust by 7.4% in 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in 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 worth $607,000 after purchasing an additional 1,977 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Alpine Income Property Trust by 11.7% during the 4th quarter. Rhumbline Advisers now owns 19,916 shares of the company's stock valued at $334,000 after purchasing an additional 2,081 shares during the last quarter. 60.50% of the stock is owned by institutional investors.

Remove Ads

Alpine Income Property Trust Stock Down 1.1 %

Shares of PINE stock traded down $0.19 during midday trading on Monday, reaching $16.39. 84,589 shares of the stock were exchanged, compared to its average volume of 70,295. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09. 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 $240.80 million, a PE ratio of 117.07, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82. The company's 50 day moving average is $16.63 and its two-hundred day moving average is $17.42.

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, 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, equities research analysts predict that Alpine Income Property Trust will post 1.74 EPS for the current year.

Alpine Income Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.285 per share. 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. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.96%. Alpine Income Property Trust's dividend payout ratio (DPR) is currently 814.29%.

About Alpine Income Property Trust

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.