Alpine Income Property Trust, Inc. (NYSE:PINE) Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. decreased its position in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 630,750 shares of the company’s stock after selling 2,000 shares during the quarter. Heartland Advisors Inc. owned 4.42% of Alpine Income Property Trust worth $10,590,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Alpine Income Property Trust during the 3rd quarter worth about $64,000. PNC Financial Services Group Inc. boosted its stake in shares of Alpine Income Property Trust by 25.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the company’s stock worth $72,000 after acquiring an additional 867 shares during the last quarter. JPMorgan Chase & Co. raised its stake in 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 during the last quarter. Virtu Financial LLC purchased a new position in Alpine Income Property Trust in the 3rd quarter valued at $200,000. Finally, Sei Investments Co. acquired a new stake in Alpine Income Property Trust during the 4th quarter worth $219,000. 60.50% of the stock is owned by hedge funds and other institutional investors.

Alpine Income Property Trust Stock Performance

NYSE:PINE opened at $16.51 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $242.54 million, a price-to-earnings ratio of 117.91, a PEG ratio of 1.58 and a beta of 0.82. The company’s 50-day moving average is $16.50 and its two-hundred day moving average is $17.20. Alpine Income Property Trust, Inc. has a 1-year low of $14.33 and a 1-year high of $19.42.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.44 earnings per share for the quarter, beating 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%. Analysts forecast that Alpine Income Property Trust, Inc. 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 paid a $0.285 dividend. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, March 13th. This represents a $1.14 annualized dividend and a dividend yield of 6.91%. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently 814.29%.

Insider Activity at Alpine Income Property Trust

In other news, Director Andrew C. Richardson sold 2,000 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $16.64, for a total transaction of $33,280.00. Following the completion of the transaction, the director now directly owns 17,143 shares of the company’s stock, valued at approximately $285,259.52. This represents 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. Company insiders own 0.74% 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.