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

Alpine Income Property Trust, Inc. (NYSE:PINE) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 42,800 shares, a decrease of 21.2% from the February 13th total of 54,300 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 88,800 shares, the short-interest ratio is currently 0.5 days.

Alpine Income Property Trust Stock Performance

NYSE:PINE traded up $0.09 during trading hours on Monday, reaching $16.26. 63,504 shares of the stock were exchanged, compared to its average volume of 70,208. 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 50 day simple moving average of $16.56 and a 200-day simple moving average of $17.34. Alpine Income Property Trust has a 52 week low of $14.33 and a 52 week high of $19.42. The stock has a market capitalization of $238.82 million, a P/E ratio of 116.11, a P/E/G ratio of 1.58 and a beta of 0.82.

Alpine Income Property Trust (NYSE:PINE) last released its earnings results 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%. As a group, sell-side analysts forecast that Alpine Income Property Trust will post 1.74 earnings per share 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. 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 7.01%. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.28. Alpine Income Property Trust’s dividend payout ratio (DPR) is currently 814.29%.

Insider Activity at Alpine Income Property Trust

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 2,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $16.64, for a total transaction of $33,280.00. Following the transaction, the director now owns 17,143 shares of the company’s stock, valued at $285,259.52. This trade represents a 10.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.74% of the stock is currently owned by company insiders.

Institutional Trading of Alpine Income Property Trust

Several hedge funds have recently made changes to their positions in the stock. Sound Income Strategies LLC lifted its holdings in shares of 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 worth $14,556,000 after purchasing an additional 71,488 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its position in Alpine Income Property Trust by 6.6% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 297,221 shares of the company’s stock valued at $4,990,000 after acquiring an additional 18,293 shares during the period. State Street Corp increased its position in Alpine Income Property Trust by 18.7% in the 3rd quarter. State Street Corp now owns 272,081 shares of the company’s stock valued at $4,952,000 after acquiring an additional 42,889 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Alpine Income Property Trust by 15.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 198,906 shares of the company’s stock valued at $3,340,000 after acquiring an additional 26,305 shares during the period. Finally, Nuveen Asset Management LLC increased its position in Alpine Income Property Trust by 127.9% in the 4th 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 own 60.50% of the company’s stock.

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.