Alpine Income Property Trust, Inc. (NYSE:PINE) Director Sells $36,000.00 in Stock

Alpine Income Property Trust, Inc. (NYSE:PINE) Director Wein Rachel Elias sold 2,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $18.00, for a total value of $36,000.00. Following the completion of the transaction, the director now directly owns 9,492 shares of the company’s stock, valued at approximately $170,856. This trade represents a 17.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Alpine Income Property Trust Stock Performance

NYSE:PINE opened at $18.00 on Monday. The stock has a market cap of $256.86 million, a P/E ratio of 81.82, a price-to-earnings-growth ratio of 1.75 and a beta of 0.80. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 1.03. The stock’s 50-day moving average is $17.88 and its 200-day moving average is $17.00. Alpine Income Property Trust, Inc. has a 1-year low of $14.32 and a 1-year high of $19.42.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings results on Thursday, October 17th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.19). The firm had revenue of $13.48 million for the quarter, compared to the consensus estimate of $12.08 million. Alpine Income Property Trust had a return on equity of 1.23% and a net margin of 6.72%. During the same quarter last year, the firm posted $0.37 earnings per share. Equities research analysts anticipate that Alpine Income Property Trust, Inc. will post 1.71 earnings per share for the current year.

Alpine Income Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 6.22%. The ex-dividend date of this dividend is Thursday, December 12th. Alpine Income Property Trust’s dividend payout ratio (DPR) is currently 509.11%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PINE. UBS Group began coverage on Alpine Income Property Trust in a research note on Monday, October 14th. They issued a “neutral” rating and a $19.00 price target for the company. Raymond James lifted their target price on Alpine Income Property Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Stifel Nicolaus lifted their target price on Alpine Income Property Trust from $19.75 to $20.25 and gave the company a “buy” rating in a research report on Monday, October 21st. Alliance Global Partners lifted their target price on Alpine Income Property Trust from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Robert W. Baird lifted their target price on Alpine Income Property Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.25.

Institutional Trading of Alpine Income Property Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in shares of Alpine Income Property Trust during the third quarter worth about $200,000. Barclays PLC lifted its stake in shares of Alpine Income Property Trust by 282.4% in the third quarter. Barclays PLC now owns 16,411 shares of the company’s stock worth $299,000 after acquiring an additional 12,119 shares during the period. Guardian Wealth Management Inc. lifted its stake in shares of Alpine Income Property Trust by 4.7% in the third quarter. Guardian Wealth Management Inc. now owns 47,835 shares of the company’s stock worth $871,000 after acquiring an additional 2,154 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Alpine Income Property Trust in the third quarter worth approximately $64,000. Finally, Jane Street Group LLC lifted its stake in shares of Alpine Income Property Trust by 216.2% in the third quarter. Jane Street Group LLC now owns 43,486 shares of the company’s stock worth $791,000 after acquiring an additional 29,735 shares during the period. 60.50% of the stock is currently owned by institutional investors.

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.