Alpine Income Property Trust, Inc. (NYSE:PINE) Short Interest Up 20.9% in February

Alpine Income Property Trust, Inc. (NYSE:PINE) saw a significant 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 trading volume, of 96,100 shares, the days-to-cover ratio is currently 0.6 days.

Insider Activity at Alpine Income Property Trust

In related news, Director Andrew C. Richardson sold 2,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $16.64, for a total value of $33,280.00. Following the transaction, the director now owns 17,143 shares in the company, valued at $285,259.52. The trade was a 10.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.74% of the stock is currently owned by company insiders.

Institutional Trading of Alpine Income Property Trust

Several large investors have recently added to or reduced their stakes in the business. Ameriflex Group Inc. bought a new position in Alpine Income Property Trust in the 4th quarter worth $43,000. Public Employees Retirement System of Ohio lifted its position in shares of Alpine Income Property Trust by 153.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 8,960 shares of the company’s stock valued at $150,000 after buying an additional 5,422 shares in the last quarter. Virtus Investment Advisers Inc. purchased a new stake in Alpine Income Property Trust in the 4th quarter worth approximately $94,000. Two Sigma Advisers LP bought a new stake in Alpine Income Property Trust during the 4th quarter worth approximately $452,000. Finally, Two Sigma Investments LP lifted 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 valued at $538,000 after purchasing an additional 12,566 shares in the last quarter. 60.50% of the stock is currently owned by institutional investors.

Alpine Income Property Trust Stock Up 0.3 %

Shares of NYSE:PINE traded up $0.06 during trading on Friday, reaching $16.62. 7,411 shares of the stock traded hands, compared to its average volume of 69,703. Alpine Income Property Trust has a 52-week low of $14.33 and a 52-week high of $19.42. The stock has a market cap of $244.11 million, a P/E ratio of 118.64, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82. The stock has a 50-day moving average of $16.62 and a two-hundred day moving average of $17.43. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.94 and a current ratio of 0.94.

Alpine Income Property Trust (NYSE:PINE) last posted 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 return on equity of 0.76% and a net margin of 3.96%. As a group, sell-side analysts expect that Alpine Income Property Trust will post 1.74 earnings per share for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.285 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.14 annualized dividend and a dividend yield of 6.86%. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.28. Alpine Income Property Trust’s dividend payout ratio is presently 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.