Alpine Income Property Trust, Inc. (NYSE:PINE) Major Shareholder Buys $66,528.00 in Stock

Alpine Income Property Trust, Inc. (NYSE:PINE – Get Rating) major shareholder Cto Realty Growth, Inc. acquired 3,600 shares of the stock in a transaction that occurred on Wednesday, May 4th. The shares were bought at an average price of $18.48 per share, with a total value of $66,528.00. Following the completion of the purchase, the insider now owns 872,688 shares in the company, valued at $16,127,274.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, May 2nd, Cto Realty Growth, Inc. acquired 10,406 shares of Alpine Income Property Trust stock. The shares were bought at an average price of $18.32 per share, with a total value of $190,637.92.
• On Wednesday, April 13th, Cto Realty Growth, Inc. acquired 9,551 shares of Alpine Income Property Trust stock. The shares were bought at an average price of $18.26 per share, with a total value of $174,401.26.
• On Monday, April 11th, Cto Realty Growth, Inc. purchased 7,400 shares of Alpine Income Property Trust stock. The stock was acquired at an average cost of $18.35 per share, with a total value of $135,790.00.
• On Monday, March 28th, Cto Realty Growth, Inc. bought 100 shares of Alpine Income Property Trust stock. The shares were purchased at an average cost of $18.39 per share, with a total value of $1,839.00.
• On Friday, March 25th, Cto Realty Growth, Inc. bought 1,191 shares of Alpine Income Property Trust stock. The shares were purchased at an average cost of $18.50 per share, with a total value of $22,033.50.

Alpine Income Property Trust stock opened at $18.50 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market capitalization of $218.86 million, a PE ratio of 23.13, a price-to-earnings-growth ratio of 1.89 and a beta of 0.82. Alpine Income Property Trust, Inc. has a one year low of $17.30 and a one year high of $21.07. The business has a 50 day simple moving average of $18.87 and a 200 day simple moving average of $18.98.

Alpine Income Property Trust (NYSE:PINE – Get Rating) last posted its earnings results on Thursday, April 21st. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.37). Alpine Income Property Trust had a return on equity of 4.58% and a net margin of 29.48%. During the same period in the prior year, the company posted $0.42 EPS. Equities analysts anticipate that Alpine Income Property Trust, Inc. will post 1.62 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Thursday, March 10th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 9th. This represents a $1.08 annualized dividend and a dividend yield of 5.84%. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently 135.00%.

Institutional investors have recently bought and sold shares of the stock. Daiwa Securities Group Inc. bought a new position in Alpine Income Property Trust in the 3rd quarter valued at $48,000. JPMorgan Chase & Co. bought a new position in Alpine Income Property Trust in the 4th quarter valued at $58,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in Alpine Income Property Trust in the 3rd quarter valued at $77,000. Penserra Capital Management LLC bought a new position in Alpine Income Property Trust in the 3rd quarter valued at $86,000. Finally, State of Alaska Department of Revenue bought a new position in Alpine Income Property Trust in the 4th quarter valued at $103,000. Institutional investors and hedge funds own 55.94% of the company’s stock.

Several brokerages have recently commented on PINE. Jonestrading began coverage on Alpine Income Property Trust in a report on Wednesday, February 2nd. They set a “buy” rating and a $23.00 target price for the company. Zacks Investment Research downgraded Alpine Income Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Finally, Truist Financial started coverage on Alpine Income Property Trust in a research note on Thursday, January 27th. They set a “hold” rating and a $20.00 price target for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $20.75.

Alpine Income Property Trust Company Profile (Get Rating)

Alpine Income Property Trust, Inc (NYSE: PINE) is a publicly traded real estate investment trust that acquires, owns and operates a portfolio of high-quality single-tenant net leased commercial income properties.

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