Pacific Ridge Capital Partners LLC Has $4.99 Million Holdings in Alpine Income Property Trust, Inc. (NYSE:PINE)

Pacific Ridge Capital Partners LLC raised its stake in Alpine Income Property Trust, Inc. (NYSE:PINE) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 297,221 shares of the company’s stock after purchasing an additional 18,293 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in Alpine Income Property Trust were worth $4,990,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PINE. Public Employees Retirement System of Ohio bought a new stake in shares of Alpine Income Property Trust in the third quarter valued at about $64,000. PNC Financial Services Group Inc. raised its position 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 valued at $72,000 after purchasing an additional 867 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Alpine Income Property Trust by 26.6% in the third quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company’s stock valued at $129,000 after buying an additional 1,483 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Alpine Income Property Trust in the third quarter valued at about $143,000. Finally, Virtu Financial LLC bought a new position in shares of Alpine Income Property Trust in the third quarter valued at about $200,000. 60.50% of the stock is currently owned by institutional investors and hedge funds.

Alpine Income Property Trust Stock Up 1.2 %

Shares of NYSE:PINE opened at $16.51 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.09. The firm has a market cap of $242.61 million, a P/E ratio of 117.95, a P/E/G ratio of 1.58 and a beta of 0.82. Alpine Income Property Trust, Inc. has a 12 month low of $14.33 and a 12 month high of $19.42. The company’s 50-day moving average price is $16.51 and its two-hundred day moving average price is $17.21.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.44 EPS for the quarter, beating the consensus estimate 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, research analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.285 per share. The ex-dividend date is Thursday, March 13th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.90%. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.28. Alpine Income Property Trust’s payout ratio is presently 814.29%.

Insider Transactions at Alpine Income Property Trust

In related news, 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 value of $33,280.00. Following the completion of the sale, the director now directly owns 17,143 shares in the company, valued at $285,259.52. This trade represents a 10.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.74% of the stock is currently owned by corporate insiders.

Alpine Income Property Trust 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.