Alpine Income Property Trust, Inc. (NYSE:PINE) Short Interest Up 43.5% in March

Alpine Income Property Trust, Inc. (NYSE:PINE) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 61,400 shares, an increase of 43.5% from the February 28th total of 42,800 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 88,600 shares, the short-interest ratio is presently 0.7 days.

Alpine Income Property Trust Price Performance

Shares of PINE stock traded up $0.10 on Monday, reaching $16.71. The company’s stock had a trading volume of 96,316 shares, compared to its average volume of 71,970. The stock’s fifty day simple moving average is $16.49 and its 200-day simple moving average is $17.16. Alpine Income Property Trust has a 1 year low of $14.33 and a 1 year high of $19.42. The company has a market capitalization of $245.55 million, a price-to-earnings ratio of 119.38, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates 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%. Analysts forecast that Alpine Income Property Trust will post 1.74 earnings per share for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.285 per share. The ex-dividend date is Thursday, March 13th. This represents a $1.14 annualized dividend and a dividend yield of 6.82%. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.28. Alpine Income Property Trust’s payout ratio is currently 814.29%.

Insider Buying and Selling at Alpine Income Property Trust

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

Institutional Trading of Alpine Income Property Trust

A number of institutional investors have recently bought and sold shares of the stock. Ameriflex Group Inc. bought a new stake in shares of Alpine Income Property Trust in the 4th quarter worth about $43,000. Public Employees Retirement System of Ohio grew its stake in shares of Alpine Income Property Trust by 153.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 8,960 shares of the company’s stock valued at $150,000 after buying an additional 5,422 shares during the last quarter. Virtus Investment Advisers Inc. bought a new position in shares of Alpine Income Property Trust during the fourth quarter valued at approximately $94,000. Two Sigma Advisers LP purchased a new stake in shares of Alpine Income Property Trust in the fourth quarter worth approximately $452,000. Finally, Two Sigma Investments LP lifted its stake in shares of Alpine Income Property Trust by 64.4% during the 4th quarter. Two Sigma Investments LP now owns 32,071 shares of the company’s stock worth $538,000 after acquiring an additional 12,566 shares during the last quarter. 60.50% of the stock is currently owned by institutional investors.

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.