Alpine Income Property Trust, Inc. (NYSE:PINE) Major Shareholder Purchases $93,930.00 in Stock

Alpine Income Property Trust, Inc. (NYSE:PINEGet Free Report) major shareholder Cto Realty Growth, Inc. purchased 6,262 shares of the firm’s stock in a transaction dated Friday, July 5th. The stock was bought at an average cost of $15.00 per share, with a total value of $93,930.00. Following the purchase, the insider now owns 196,356 shares of the company’s stock, valued at approximately $2,945,340. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Cto Realty Growth, Inc. also recently made the following trade(s):

  • On Tuesday, July 9th, Cto Realty Growth, Inc. bought 6,562 shares of Alpine Income Property Trust stock. The stock was bought at an average price of $14.99 per share, for a total transaction of $98,364.38.
  • On Thursday, June 27th, Cto Realty Growth, Inc. purchased 7,959 shares of Alpine Income Property Trust stock. The shares were acquired at an average price of $14.97 per share, with a total value of $119,146.23.
  • On Thursday, June 13th, Cto Realty Growth, Inc. purchased 830 shares of Alpine Income Property Trust stock. The stock was bought at an average cost of $14.99 per share, with a total value of $12,441.70.
  • On Tuesday, May 28th, Cto Realty Growth, Inc. acquired 191 shares of Alpine Income Property Trust stock. The shares were bought at an average cost of $15.00 per share, for a total transaction of $2,865.00.

Alpine Income Property Trust Stock Down 0.7 %

Alpine Income Property Trust stock traded down $0.10 during trading on Tuesday, hitting $14.99. 36,449 shares of the company were exchanged, compared to its average volume of 50,369. The company has a market capitalization of $204.16 million, a P/E ratio of -374.75, a PEG ratio of 1.61 and a beta of 0.79. The business’s 50 day moving average is $15.38 and its 200 day moving average is $15.59. Alpine Income Property Trust, Inc. has a 52 week low of $14.25 and a 52 week high of $17.72. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00.

Alpine Income Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were paid a $0.275 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.10 annualized dividend and a dividend yield of 7.34%. Alpine Income Property Trust’s payout ratio is -2,750.00%.

Analysts Set New Price Targets

PINE has been the subject of several recent research reports. Alliance Global Partners began coverage on Alpine Income Property Trust in a report on Thursday, April 11th. They set a “buy” rating and a $19.00 price objective for the company. Stifel Nicolaus decreased their price target on shares of Alpine Income Property Trust from $19.00 to $18.75 and set a “buy” rating for the company in a research note on Friday, April 19th. BTIG Research dropped their price objective on shares of Alpine Income Property Trust from $23.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Finally, Jonestrading reduced their price objective on shares of Alpine Income Property Trust from $19.00 to $18.00 and set a “buy” rating for the company in a report on Friday, April 19th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $18.69.

View Our Latest Stock Report on Alpine Income Property Trust

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its position in Alpine Income Property Trust by 312.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,910 shares of the company’s stock worth $49,000 after purchasing an additional 2,205 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Alpine Income Property Trust in the 4th quarter worth approximately $117,000. Tidal Investments LLC grew its holdings in shares of Alpine Income Property Trust by 5.8% in the first quarter. Tidal Investments LLC now owns 19,466 shares of the company’s stock valued at $297,000 after acquiring an additional 1,064 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of Alpine Income Property Trust by 14.4% during the third quarter. Penserra Capital Management LLC now owns 29,426 shares of the company’s stock valued at $481,000 after acquiring an additional 3,710 shares during the last quarter. Finally, Guardian Wealth Management Inc. lifted its holdings in Alpine Income Property Trust by 3.0% during the fourth quarter. Guardian Wealth Management Inc. now owns 38,927 shares of the company’s stock worth $658,000 after acquiring an additional 1,138 shares during the period. 60.50% of the stock is owned by institutional investors.

About Alpine Income Property Trust

(Get Free Report)

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.

Further Reading

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