Alpine Income Property Trust, Inc. (NYSE:PINE) Major Shareholder Buys $23,751.00 in Stock

Alpine Income Property Trust, Inc. (NYSE:PINEGet Rating) major shareholder Cto Realty Growth, Inc. bought 1,300 shares of the stock in a transaction on Monday, May 9th. The shares were acquired at an average cost of $18.27 per share, for a total transaction of $23,751.00. Following the acquisition, the insider now directly owns 876,654 shares in the company, valued at $16,016,468.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, May 4th, Cto Realty Growth, Inc. bought 3,600 shares of Alpine Income Property Trust stock. The shares were acquired at an average cost of $18.48 per share, for a total transaction of $66,528.00.
  • On Monday, May 2nd, Cto Realty Growth, Inc. purchased 10,406 shares of Alpine Income Property Trust stock. The stock was purchased at an average cost of $18.32 per share, for a total transaction of $190,637.92.
  • On Wednesday, April 13th, Cto Realty Growth, Inc. purchased 9,551 shares of Alpine Income Property Trust stock. The stock was purchased at an average cost of $18.26 per share, for a total transaction 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 purchased at an average cost of $18.35 per share, for a total transaction of $135,790.00.
  • On Monday, March 28th, Cto Realty Growth, Inc. purchased 100 shares of Alpine Income Property Trust stock. The stock was purchased at an average cost of $18.39 per share, for a total transaction of $1,839.00.
  • On Friday, March 25th, Cto Realty Growth, Inc. purchased 1,191 shares of Alpine Income Property Trust stock. The stock was purchased at an average cost of $18.50 per share, for a total transaction of $22,033.50.

NYSE PINE opened at $18.24 on Tuesday. The company has a 50-day simple moving average of $18.84 and a two-hundred day simple moving average of $18.97. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.34. Alpine Income Property Trust, Inc. has a 12-month low of $17.30 and a 12-month high of $21.07. The firm has a market cap of $215.83 million, a price-to-earnings ratio of 22.80, a PEG ratio of 1.90 and a beta of 0.82.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders 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 yield of 5.92%. Alpine Income Property Trust’s payout ratio is 135.00%.

A number of hedge funds and other institutional investors have recently bought and sold shares of PINE. Balyasny Asset Management LLC raised its stake in shares of Alpine Income Property Trust by 0.3% during the third quarter. Balyasny Asset Management LLC now owns 143,374 shares of the company’s stock valued at $2,634,000 after acquiring an additional 500 shares during the last quarter. Black Swift Group LLC raised its stake in shares of Alpine Income Property Trust by 11.2% during the fourth quarter. Black Swift Group LLC now owns 12,175 shares of the company’s stock valued at $244,000 after acquiring an additional 1,225 shares during the last quarter. Royal Bank of Canada raised its stake in Alpine Income Property Trust by 17.0% in the second quarter. Royal Bank of Canada now owns 9,116 shares of the company’s stock worth $173,000 after buying an additional 1,327 shares in the last quarter. LPL Financial LLC raised its stake in Alpine Income Property Trust by 20.0% in the fourth quarter. LPL Financial LLC now owns 15,492 shares of the company’s stock worth $310,000 after buying an additional 2,579 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Alpine Income Property Trust by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 93,913 shares of the company’s stock worth $1,882,000 after buying an additional 2,617 shares in the last quarter. Institutional investors and hedge funds own 55.94% of the company’s stock.

Several research analysts recently issued reports on PINE shares. Truist Financial started coverage on shares of Alpine Income Property Trust in a research report on Thursday, January 27th. They issued a “hold” rating and a $20.00 target price for the company. Jonestrading started coverage on shares of Alpine Income Property Trust in a research report on Wednesday, February 2nd. They issued a “buy” rating and a $23.00 target price for the company. Finally, Zacks Investment Research lowered shares of Alpine Income Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price 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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Insider Buying and Selling by Quarter for Alpine Income Property Trust (NYSE:PINE)

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