Alpine Income Property Trust, Inc. (NYSE:PINE) Major Shareholder Buys $93,930.00 in Stock

Alpine Income Property Trust, Inc. (NYSE:PINE) major shareholder Cto Realty Growth, Inc. acquired 6,262 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The stock was bought at an average price of $15.00 per share, with a total value of $93,930.00. Following the transaction, the insider now directly owns 196,356 shares in the company, valued at $2,945,340. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Cto Realty Growth, Inc. also recently made the following trade(s):

• On Tuesday, July 9th, Cto Realty Growth, Inc. bought 6,562 shares of Alpine Income Property Trust stock. The stock was purchased at an average cost of $14.99 per share, with a total value of $98,364.38.
• On Thursday, June 27th, Cto Realty Growth, Inc. purchased 7,959 shares of Alpine Income Property Trust stock. The stock was purchased at an average price of $14.97 per share, for a total transaction of $119,146.23.
• On Thursday, June 13th, Cto Realty Growth, Inc. acquired 830 shares of Alpine Income Property Trust stock. The shares were purchased at an average cost of $14.99 per share, with a total value of $12,441.70.
• On Tuesday, May 28th, Cto Realty Growth, Inc. purchased 191 shares of Alpine Income Property Trust stock. The shares were acquired at an average price of $15.00 per share, with a total value of $2,865.00.

Alpine Income Property Trust Stock Up 3.9 %

NYSE:PINE opened at $15.70 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a 50-day moving average price of $15.39 and a two-hundred day moving average price of $15.58. Alpine Income Property Trust, Inc. has a 1 year low of $14.25 and a 1 year high of $17.72.

Alpine Income Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were issued a dividend of $0.275 per share. The ex-dividend date was Thursday, June 13th. This represents a $1.10 annualized dividend and a yield of 7.01%. Alpine Income Property Trust’s dividend payout ratio (DPR) is currently -2,750.00%.

Analysts Set New Price Targets

A number of research firms have commented on PINE. Jonestrading lowered their target price on shares of Alpine Income Property Trust from $19.00 to $18.00 and set a “buy” rating for the company in a report on Friday, April 19th. BTIG Research decreased their price objective on Alpine Income Property Trust from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Stifel Nicolaus reduced their target price on Alpine Income Property Trust from $19.00 to $18.75 and set a “buy” rating on the stock in a report on Friday, April 19th. Finally, Alliance Global Partners began coverage on Alpine Income Property Trust in a research note on Thursday, April 11th. They issued a “buy” rating and a $19.00 price target for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Alpine Income Property Trust presently has an average rating of “Buy” and an average target price of $18.69.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC raised its holdings in shares of Alpine Income Property Trust by 5.8% during the first quarter. Tidal Investments LLC now owns 19,466 shares of the company’s stock worth $297,000 after acquiring an additional 1,064 shares during the period. Kennedy Capital Management LLC increased its holdings in Alpine Income Property Trust by 18.6% during the 1st quarter. Kennedy Capital Management LLC now owns 380,475 shares of the company’s stock worth $5,814,000 after purchasing an additional 59,674 shares in the last quarter. Carlson Capital L P acquired a new stake in shares of Alpine Income Property Trust in the 1st quarter valued at about $1,202,000. Vanguard Group Inc. lifted its holdings in shares of Alpine Income Property Trust by 0.9% in the first quarter. Vanguard Group Inc. now owns 755,563 shares of the company’s stock valued at $11,545,000 after purchasing an additional 6,522 shares in the last quarter. Finally, Foundry Partners LLC boosted its position in shares of Alpine Income Property Trust by 14.9% during the first quarter. Foundry Partners LLC now owns 180,035 shares of the company’s stock worth $2,751,000 after buying an additional 23,405 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.