Alpine Income Property Trust, Inc. (NYSE:PINE) Short Interest Up 43.5% in March

Alpine Income Property Trust, Inc. (NYSE:PINE) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 61,400 shares, an increase of 43.5% from the February 28th total of 42,800 shares. Based on an average daily trading volume, of 88,600 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the shares of the company are sold short.

Insider Buying and Selling at Alpine Income Property Trust

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 2,000 shares of Alpine Income Property Trust 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 completion of the sale, 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.74% of the company’s stock.

Institutional Trading of Alpine Income Property Trust

Several large investors have recently made changes to their positions in PINE. Sound Income Strategies LLC lifted its stake in Alpine Income Property Trust by 9.0% during the fourth quarter. Sound Income Strategies LLC now owns 866,916 shares of the company’s stock worth $14,556,000 after purchasing an additional 71,488 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its position in shares of Alpine Income Property Trust by 6.6% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 297,221 shares of the company’s stock worth $4,990,000 after buying an additional 18,293 shares during the last quarter. State Street Corp lifted its position in shares of Alpine Income Property Trust by 18.7% during the 3rd quarter. State Street Corp now owns 272,081 shares of the company’s stock worth $4,952,000 after buying an additional 42,889 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Alpine Income Property Trust by 15.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 198,906 shares of the company’s stock valued at $3,340,000 after buying an additional 26,305 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its stake in Alpine Income Property Trust by 127.9% during the fourth quarter. Nuveen Asset Management LLC now owns 174,465 shares of the company’s stock worth $2,929,000 after acquiring an additional 97,910 shares in the last quarter. Institutional investors and hedge funds own 60.50% of the company’s stock.

Alpine Income Property Trust Price Performance

Shares of PINE stock traded up $0.46 during trading on Tuesday, hitting $17.18. The company had a trading volume of 202,203 shares, compared to its average volume of 72,412. The firm has a market capitalization of $252.42 million, a P/E ratio of 122.72, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82. Alpine Income Property Trust has a one year low of $14.33 and a one year high of $19.42. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s 50-day moving average price is $16.49 and its 200 day moving average price is $17.16.

Alpine Income Property Trust (NYSE:PINE) last released its earnings results on Thursday, February 6th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Equities analysts expect that Alpine Income Property Trust will post 1.74 EPS for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.64%. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.28. Alpine Income Property Trust’s dividend payout ratio is 814.29%.

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.