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

Alpine Income Property Trust, Inc. (NYSE:PINE) Director Andrew C. Richardson sold 2,000 shares of the 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 sale, the director now directly owns 17,143 shares of the company’s stock, valued at $285,259.52. This represents a 10.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alpine Income Property Trust Stock Performance

Shares of PINE stock opened at $16.58 on Thursday. The stock has a market cap of $243.64 million, a P/E ratio of 118.45, a P/E/G ratio of 1.58 and a beta of 0.80. The company has a fifty day moving average price of $16.61 and a two-hundred day moving average price of $17.45. Alpine Income Property Trust, Inc. has a one year low of $14.32 and a one year 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) last posted its earnings results on Thursday, February 6th. The company reported $0.44 EPS for the quarter, beating 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%. As a group, equities analysts predict that Alpine Income Property Trust, Inc. 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 is Thursday, March 13th. This represents a $1.14 annualized dividend and a yield of 6.87%. Alpine Income Property Trust’s payout ratio is presently 814.29%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Ameriflex Group Inc. purchased a new stake in Alpine Income Property Trust in the 4th quarter valued at $43,000. Public Employees Retirement System of Ohio raised its holdings in shares of Alpine Income Property Trust by 153.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 8,960 shares of the company’s stock valued at $150,000 after purchasing an additional 5,422 shares during the last quarter. Virtus Investment Advisers Inc. purchased a new stake in shares of Alpine Income Property Trust in the fourth quarter valued at about $94,000. Two Sigma Advisers LP bought a new position in shares of Alpine Income Property Trust during the fourth quarter valued at about $452,000. Finally, Two Sigma Investments LP boosted its holdings in Alpine Income Property Trust by 64.4% during the fourth quarter. Two Sigma Investments LP now owns 32,071 shares of the company’s stock worth $538,000 after purchasing an additional 12,566 shares during the last quarter. 60.50% of the stock is currently owned by institutional investors.

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.