Alpine Income Property Trust, Inc. (NYSE:PINE) Sees Significant Growth in Short Interest

Alpine Income Property Trust, Inc. (NYSE:PINE) saw 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 trading volume of 88,600 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.4% of the company’s stock are sold short.

Alpine Income Property Trust Stock Performance

Alpine Income Property Trust stock traded up $0.14 on Friday, reaching $16.62. 54,771 shares of the stock were exchanged, compared to its average volume of 71,872. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09. Alpine Income Property Trust has a twelve month low of $14.33 and a twelve month high of $19.42. The firm has a fifty day moving average price of $16.49 and a two-hundred day moving average price of $17.17. The stock has a market cap of $244.20 million, a PE ratio of 118.72, a PEG ratio of 1.58 and a beta of 0.82.

Alpine Income Property Trust (NYSE:PINE) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.44 EPS for the quarter, topping 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 year.

Alpine Income Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be given a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 6.86%. This is a boost 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 dividend payout ratio is currently 814.29%.

Insider Transactions at Alpine Income Property Trust

In other news, Director Andrew C. Richardson sold 2,000 shares of the business’s stock in a transaction on 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 directly owns 17,143 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.74% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Alpine Income Property Trust

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