Short Interest in Alpine Income Property Trust, Inc. (NYSE:PINE) Declines By 21.2%

Alpine Income Property Trust, Inc. (NYSE:PINE) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 42,800 shares, a drop of 21.2% from the February 13th total of 54,300 shares. Based on an average daily volume of 88,800 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock 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 the business’s 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 owns 17,143 shares of the company’s stock, valued at approximately $285,259.52. The trade was a 10.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.74% of the company’s stock.

Institutional Trading of Alpine Income Property Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriflex Group Inc. acquired a new position in shares of Alpine Income Property Trust in the fourth quarter worth approximately $43,000. Public Employees Retirement System of Ohio raised its holdings in 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 worth $150,000 after purchasing an additional 5,422 shares during the last quarter. Virtus Investment Advisers Inc. acquired a new position in shares of Alpine Income Property Trust in the 4th quarter worth approximately $94,000. Two Sigma Advisers LP bought a new stake in shares of Alpine Income Property Trust in the 4th quarter valued at $452,000. Finally, Two Sigma Investments LP increased its position in shares of 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 worth $538,000 after buying an additional 12,566 shares during the period. 60.50% of the stock is currently owned by institutional investors and hedge funds.

Alpine Income Property Trust Price Performance

NYSE:PINE traded up $0.08 on Tuesday, hitting $16.29. The company had a trading volume of 55,118 shares, compared to its average volume of 70,255. Alpine Income Property Trust has a 52 week low of $14.33 and a 52 week high of $19.42. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $239.26 million, a price-to-earnings ratio of 116.32, a PEG ratio of 1.58 and a beta of 0.82. The firm has a 50 day moving average of $16.54 and a two-hundred day moving average of $17.30.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.44 earnings per share for the quarter, beating 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%. On average, research analysts anticipate that Alpine Income Property Trust will post 1.74 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 7.00%. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, March 13th. Alpine Income Property Trust’s payout ratio is presently 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.