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

Alpine Income Property Trust, Inc. (NYSE:PINE) Director Andrew C. Richardson sold 2,000 shares of Alpine Income Property Trust stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $16.64, for a total transaction of $33,280.00. Following the completion of the transaction, the director now directly owns 17,143 shares of the company’s stock, valued at $285,259.52. This trade represents a 10.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Alpine Income Property Trust Stock Performance

NYSE PINE traded up $0.00 during trading hours on Wednesday, hitting $16.58. The company’s stock had a trading volume of 62,454 shares, compared to its average volume of 91,553. Alpine Income Property Trust, Inc. has a 12 month low of $14.32 and a 12 month high of $19.42. The company’s 50 day simple moving average is $16.60 and its two-hundred day simple moving average is $17.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $243.64 million, a P/E ratio of 118.45, a price-to-earnings-growth ratio of 1.58 and a beta of 0.80.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings data 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 net margin of 3.96% and a return on equity of 0.76%. As a group, sell-side analysts expect that Alpine Income Property Trust, Inc. 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 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. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date of this dividend is Thursday, March 13th. Alpine Income Property Trust’s payout ratio is currently 814.29%.

Hedge Funds Weigh In On Alpine Income Property Trust

Institutional investors have recently made changes to their positions in the business. Ameriflex Group Inc. purchased a new stake in Alpine Income Property Trust during the fourth quarter valued at approximately $43,000. BNP Paribas Financial Markets bought a new stake in shares of Alpine Income Property Trust during the 4th quarter valued at $44,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Alpine Income Property Trust in the 3rd quarter worth $64,000. PNC Financial Services Group Inc. raised its holdings in Alpine Income Property Trust by 25.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the company’s stock worth $72,000 after purchasing an additional 867 shares during the period. Finally, Resona Asset Management Co. Ltd. bought a new position in Alpine Income Property Trust in the 4th quarter worth $75,000. Institutional investors 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.