Alpine Income Property Trust, Inc. (NYSE:PINE) Director Wein Rachel Elias Sells 2,000 Shares

Alpine Income Property Trust, Inc. (NYSE:PINE) Director Wein Rachel Elias sold 2,000 shares of Alpine Income Property Trust stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $18.00, for a total value of $36,000.00. Following the completion of the transaction, the director now directly owns 9,492 shares in the company, valued at approximately $170,856. This represents a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Alpine Income Property Trust Price Performance

Shares of PINE opened at $18.00 on Monday. Alpine Income Property Trust, Inc. has a 12-month low of $14.32 and a 12-month high of $19.42. The business’s fifty day moving average is $17.88 and its 200 day moving average is $17.00. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 1.03. The stock has a market cap of $256.86 million, a P/E ratio of 81.82, a P/E/G ratio of 1.75 and a beta of 0.80.

Alpine Income Property Trust (NYSE:PINE) last issued its earnings results on Thursday, October 17th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.19). Alpine Income Property Trust had a return on equity of 1.23% and a net margin of 6.72%. The firm had revenue of $13.48 million during the quarter, compared to the consensus estimate of $12.08 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. Sell-side analysts anticipate that Alpine Income Property Trust, Inc. will post 1.71 earnings per share for the current fiscal year.

Alpine Income Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, December 12th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date is Thursday, December 12th. Alpine Income Property Trust’s payout ratio is currently 509.11%.

Institutional Investors Weigh In On Alpine Income Property Trust

A number of institutional investors and hedge funds have recently bought and sold shares of PINE. Public Employees Retirement System of Ohio purchased a new stake in Alpine Income Property Trust in the 3rd quarter valued at $64,000. Truvestments Capital LLC purchased a new stake in Alpine Income Property Trust in the 3rd quarter valued at $143,000. Virtu Financial LLC purchased a new stake in Alpine Income Property Trust in the 3rd quarter valued at $200,000. Quadrature Capital Ltd purchased a new stake in shares of Alpine Income Property Trust during the 3rd quarter valued at $239,000. Finally, Rhumbline Advisers increased its position in shares of Alpine Income Property Trust by 8.0% during the 2nd quarter. Rhumbline Advisers now owns 17,197 shares of the company’s stock valued at $268,000 after purchasing an additional 1,272 shares during the last quarter. 60.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Raymond James boosted their price target on Alpine Income Property Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, August 21st. Stifel Nicolaus boosted their price target on Alpine Income Property Trust from $19.75 to $20.25 and gave the company a “buy” rating in a research note on Monday, October 21st. Robert W. Baird boosted their price target on Alpine Income Property Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. UBS Group assumed coverage on Alpine Income Property Trust in a research note on Monday, October 14th. They issued a “neutral” rating and a $19.00 price target on the stock. Finally, Truist Financial boosted their price target on Alpine Income Property Trust from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.25.

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.