Alpine Income Property Trust, Inc. (NYSE:PINE) Short Interest Update

Alpine Income Property Trust, Inc. (NYSE:PINE) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 42,800 shares, a decline of 21.2% from the February 13th total of 54,300 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 88,800 shares, the days-to-cover ratio is presently 0.5 days.

Alpine Income Property Trust Stock Up 1.3 %

NYSE PINE traded up $0.21 on Wednesday, hitting $16.53. 44,104 shares of the stock were exchanged, compared to its average volume of 70,148. Alpine Income Property Trust has a fifty-two week low of $14.33 and a fifty-two week high of $19.42. The company has a 50-day moving average price of $16.54 and a 200-day moving average price of $17.30. The company has a market cap of $242.86 million, a PE ratio of 117.93, a PEG ratio of 1.58 and a beta of 0.82. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.09.

Alpine Income Property Trust (NYSE:PINE) last announced its earnings results on Thursday, February 6th. The company reported $0.44 earnings per share (EPS) 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%. Sell-side analysts anticipate that Alpine Income Property Trust will post 1.74 EPS for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be issued a dividend of $0.285 per share. The ex-dividend date is Thursday, March 13th. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 6.90%. Alpine Income Property Trust’s dividend payout ratio (DPR) is currently 814.29%.

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 the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $16.64, for a total value of $33,280.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.74% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alpine Income Property Trust

A number of hedge funds have recently added to or reduced their stakes in PINE. Ameriflex Group Inc. acquired a new stake in Alpine Income Property Trust in the fourth quarter valued at $43,000. Public Employees Retirement System of Ohio increased its holdings in shares of Alpine Income Property Trust by 153.3% in the 4th 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 in the last quarter. Virtus Investment Advisers Inc. acquired a new stake in shares of Alpine Income Property Trust in the fourth quarter valued at about $94,000. Two Sigma Advisers LP purchased a new stake in Alpine Income Property Trust during the fourth quarter worth about $452,000. Finally, Two Sigma Investments LP increased its holdings in Alpine Income Property Trust by 64.4% in the fourth quarter. Two Sigma Investments LP now owns 32,071 shares of the company’s stock valued at $538,000 after buying an additional 12,566 shares in the last quarter. Institutional investors and hedge funds own 60.50% of the company’s stock.

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.