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

Alpine Income Property Trust, Inc. (NYSE:PINE) major shareholder Cto Realty Growth, Inc. purchased 6,262 shares of the business’s stock in a transaction on Friday, July 5th. The shares were bought at an average price of $15.00 per share, with a total value of $93,930.00. Following the purchase, the insider now directly owns 196,356 shares in the company, valued at approximately $2,945,340. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases 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 shares were bought at an average cost of $14.99 per share, for a total transaction of $98,364.38.
• On Thursday, June 27th, Cto Realty Growth, Inc. acquired 7,959 shares of Alpine Income Property Trust stock. The shares were bought 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. bought 830 shares of Alpine Income Property Trust stock. The stock was purchased at an average price 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 purchased at an average price of $15.00 per share, for a total transaction of $2,865.00.

Alpine Income Property Trust Trading Up 3.9 %

NYSE:PINE opened at $15.70 on Friday. Alpine Income Property Trust, Inc. has a 12 month low of $14.25 and a 12 month high of $17.72. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. The firm’s 50 day moving average is $15.39 and its 200 day moving average is $15.58.

Alpine Income Property Trust Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in Alpine Income Property Trust by 312.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,910 shares of the company’s stock valued at $49,000 after acquiring an additional 2,205 shares during the period. SG Americas Securities LLC purchased a new position in shares of Alpine Income Property Trust in the fourth quarter worth about $117,000. Tidal Investments LLC raised its position in shares of Alpine Income Property Trust by 5.8% in the first quarter. Tidal Investments LLC now owns 19,466 shares of the company’s stock valued at $297,000 after purchasing an additional 1,064 shares during the period. Penserra Capital Management LLC lifted its stake in shares of Alpine Income Property Trust by 14.4% during the 3rd quarter. Penserra Capital Management LLC now owns 29,426 shares of the company’s stock valued at $481,000 after buying an additional 3,710 shares in the last quarter. Finally, Guardian Wealth Management Inc. boosted its holdings in Alpine Income Property Trust by 3.0% in the 4th quarter. Guardian Wealth Management Inc. now owns 38,927 shares of the company’s stock worth $658,000 after buying an additional 1,138 shares during the period. Institutional investors own 60.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About Alpine Income Property Trust

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.