Wein Rachel Elias Sells 2,000 Shares of Alpine Income Property Trust, Inc. (NYSE:PINE) Stock

Alpine Income Property Trust, Inc. (NYSE:PINE) Director Wein Rachel Elias sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $18.00, for a total value of $36,000.00. Following the completion of the sale, the director now owns 9,492 shares of the company’s stock, valued at $170,856. This trade represents a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alpine Income Property Trust Trading Up 0.6 %

PINE opened at $18.00 on Friday. The firm has a market capitalization of $256.91 million, a price-to-earnings ratio of 81.82, a price-to-earnings-growth ratio of 1.74 and a beta of 0.80. The company’s 50 day simple moving average is $17.88 and its two-hundred day simple moving average is $16.99. Alpine Income Property Trust, Inc. has a 1-year low of $14.32 and a 1-year high of $19.42. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.85 and a quick ratio of 3.85.

Alpine Income Property Trust (NYSE:PINE) last announced its quarterly earnings data on Thursday, October 17th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.19). The company had revenue of $13.48 million for the quarter, compared to analysts’ expectations of $12.08 million. Alpine Income Property Trust had a return on equity of 1.23% and a net margin of 6.72%. During the same quarter in the previous year, the business posted $0.37 EPS. Analysts expect that Alpine Income Property Trust, Inc. will post 1.71 EPS for the current fiscal year.

Alpine Income Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.12 annualized dividend and a dividend yield of 6.22%. Alpine Income Property Trust’s payout ratio is 509.09%.

Analyst Upgrades and Downgrades

PINE has been the topic of a number of research analyst reports. Alliance Global Partners lifted their price target on shares of Alpine Income Property Trust from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Stifel Nicolaus lifted their target price on shares of Alpine Income Property Trust from $19.75 to $20.25 and gave the company a “buy” rating in a research report on Monday, October 21st. Raymond James upped their price target on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. UBS Group initiated coverage on Alpine Income Property Trust in a report on Monday, October 14th. They issued a “neutral” rating and a $19.00 price objective on the stock. Finally, Truist Financial boosted their price objective on Alpine Income Property Trust from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.25.

Institutional Investors Weigh In On Alpine Income Property Trust

Hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC raised its stake in Alpine Income Property Trust by 8.3% during the third quarter. Sound Income Strategies LLC now owns 795,428 shares of the company’s stock worth $14,477,000 after purchasing an additional 60,659 shares during the period. Vanguard Group Inc. increased its holdings in shares of Alpine Income Property Trust by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 755,563 shares of the company’s stock worth $11,545,000 after buying an additional 6,522 shares during the last quarter. Kennedy Capital Management LLC raised its position in shares of Alpine Income Property Trust by 18.6% during the 1st quarter. Kennedy Capital Management LLC now owns 380,475 shares of the company’s stock valued at $5,814,000 after buying an additional 59,674 shares during the period. State Street Corp lifted its holdings in Alpine Income Property Trust by 18.7% in the third quarter. State Street Corp now owns 272,081 shares of the company’s stock valued at $4,952,000 after acquiring an additional 42,889 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its position in Alpine Income Property Trust by 8.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 188,703 shares of the company’s stock worth $3,434,000 after acquiring an additional 15,000 shares during the period. Hedge funds and other institutional investors own 60.50% of the company’s stock.

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.