Heartland Advisors Inc. Trims Position in Alpine Income Property Trust, Inc. (NYSE:PINE)

Heartland Advisors Inc. trimmed its holdings in Alpine Income Property Trust, Inc. (NYSE:PINE) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 630,750 shares of the company’s stock after selling 2,000 shares during the period. Heartland Advisors Inc.’s holdings in Alpine Income Property Trust were worth $10,590,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PINE. Sound Income Strategies LLC boosted its position in shares of Alpine Income Property Trust by 9.0% in the fourth quarter. Sound Income Strategies LLC now owns 866,916 shares of the company’s stock worth $14,556,000 after acquiring an additional 71,488 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in shares of Alpine Income Property Trust by 6.6% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 297,221 shares of the company’s stock worth $4,990,000 after buying an additional 18,293 shares during the last quarter. State Street Corp raised its position in shares of Alpine Income Property Trust by 18.7% in the 3rd quarter. State Street Corp now owns 272,081 shares of the company’s stock worth $4,952,000 after buying an additional 42,889 shares during the period. Raymond James Financial Inc. acquired a new position in Alpine Income Property Trust in the fourth quarter valued at $2,130,000. Finally, AlphaCentric Advisors LLC purchased a new stake in Alpine Income Property Trust during the fourth quarter valued at about $1,544,000. Hedge funds and other institutional investors own 60.50% of the company’s stock.

Insider Buying and Selling at Alpine Income Property Trust

In other news, Director Andrew C. Richardson sold 2,000 shares of Alpine Income Property Trust stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $16.64, for a total transaction of $33,280.00. Following the sale, the director now owns 17,143 shares in the company, valued at $285,259.52. This trade represents a 10.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.74% of the stock is currently owned by corporate insiders.

Alpine Income Property Trust Stock Performance

Alpine Income Property Trust stock opened at $16.51 on Friday. The company has a market cap of $242.54 million, a price-to-earnings ratio of 117.91, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82. Alpine Income Property Trust, Inc. has a 12 month low of $14.33 and a 12 month high of $19.42. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.94 and a quick ratio of 0.94. The stock’s 50-day moving average is $16.50 and its 200-day moving average is $17.20.

Alpine Income Property Trust (NYSE:PINE) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.04 by $0.40. Alpine Income Property Trust had a net margin of 3.96% and a return on equity of 0.76%. Equities analysts anticipate that Alpine Income Property Trust, Inc. will post 1.74 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be issued a $0.285 dividend. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 6.91%. The ex-dividend date of this dividend is Thursday, March 13th. Alpine Income Property Trust’s dividend payout ratio is currently 814.29%.

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.