Andrew C. Richardson Sells 2,000 Shares of Alpine Income Property Trust, Inc. (NYSE:PINE) Stock

Alpine Income Property Trust, Inc. (NYSE:PINE) Director Andrew C. Richardson sold 2,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 17,143 shares of the company’s stock, valued at $285,259.52. This trade represents a 10.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Alpine Income Property Trust Stock Down 0.1 %

Shares of NYSE PINE opened at $16.57 on Friday. 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, Inc. has a 12 month low of $14.32 and a 12 month high of $19.42. The firm has a market capitalization of $243.46 million, a PE ratio of 118.36, a price-to-earnings-growth ratio of 1.58 and a beta of 0.80. The firm has a fifty day simple moving average of $16.61 and a two-hundred day simple moving average of $17.45.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings data 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 net margin of 3.96% and a return on equity of 0.76%. Equities analysts expect that Alpine Income Property Trust, Inc. will post 1.74 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 6.88%. This is a positive change 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 dividend payout ratio (DPR) is presently 814.29%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Ameriflex Group Inc. bought a new position in shares of Alpine Income Property Trust in the 4th quarter worth about $43,000. BNP Paribas Financial Markets bought a new stake in Alpine Income Property Trust during the 4th quarter valued at about $44,000. Public Employees Retirement System of Ohio bought a new stake in Alpine Income Property Trust during the 3rd quarter valued at about $64,000. PNC Financial Services Group Inc. increased its stake 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 valued at $72,000 after purchasing an additional 867 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in Alpine Income Property Trust during the 4th quarter valued at about $75,000. 60.50% of the stock is currently owned by institutional investors.

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.