Cottage Street Advisors LLC Purchases 24,127 Shares of Alpine Income Property Trust, Inc. (NYSE:PINE)

Cottage Street Advisors LLC lifted its position in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) by 124.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,437 shares of the company’s stock after buying an additional 24,127 shares during the quarter. Cottage Street Advisors LLC’s holdings in Alpine Income Property Trust were worth $729,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PINE. State Street Corp grew its holdings in shares of Alpine Income Property Trust by 18.7% during the 3rd quarter. State Street Corp now owns 272,081 shares of the company’s stock worth $4,952,000 after purchasing an additional 42,889 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Alpine Income Property Trust by 26.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company’s stock valued at $129,000 after purchasing an additional 1,483 shares in the last quarter. Barclays PLC raised its holdings in shares of Alpine Income Property Trust by 282.4% during the 3rd quarter. Barclays PLC now owns 16,411 shares of the company’s stock worth $299,000 after buying an additional 12,119 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Alpine Income Property Trust by 216.2% during the 3rd quarter. Jane Street Group LLC now owns 43,486 shares of the company’s stock worth $791,000 after buying an additional 29,735 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of Alpine Income Property Trust by 9.0% during the 4th quarter. Sound Income Strategies LLC now owns 866,916 shares of the company’s stock worth $14,556,000 after buying an additional 71,488 shares during the last quarter. Institutional investors own 60.50% of the company’s stock.

Alpine Income Property Trust Stock Performance

Alpine Income Property Trust stock opened at $16.31 on Wednesday. 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 stock has a market cap of $239.63 million, a PE ratio of 116.50, 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 business’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 data on Thursday, February 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, analysts expect that Alpine Income Property Trust, Inc. will post 1.74 earnings per share for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be issued a dividend of $0.285 per share. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.14 annualized dividend and a dividend yield of 6.99%. Alpine Income Property Trust’s dividend payout ratio (DPR) is 814.29%.

Insider Buying and Selling

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $16.64, for a total transaction of $33,280.00. Following the sale, the director now directly owns 17,143 shares of the company’s stock, valued at $285,259.52. The trade was a 10.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.