Cottage Street Advisors LLC Has $729,000 Stake in Alpine Income Property Trust, Inc. (NYSE:PINE)

Cottage Street Advisors LLC increased its stake in Alpine Income Property Trust, Inc. (NYSE:PINE) by 124.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,437 shares of the company’s stock after purchasing an additional 24,127 shares during the period. Cottage Street Advisors LLC owned approximately 0.30% of Alpine Income Property Trust worth $729,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in PINE. Sei Investments Co. bought a new stake in shares of Alpine Income Property Trust in the fourth quarter worth $219,000. Thrivent Financial for Lutherans acquired a new stake in Alpine Income Property Trust in the 4th quarter valued at $493,000. PNC Financial Services Group Inc. lifted its position in Alpine Income Property Trust by 25.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the company’s stock worth $72,000 after buying an additional 867 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Alpine Income Property Trust during the 4th quarter worth about $2,130,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Alpine Income Property Trust by 5.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 36,157 shares of the company’s stock valued at $607,000 after acquiring an additional 1,977 shares in the last quarter. Institutional investors own 60.50% of the company’s stock.

Insider Activity

In other news, Director Andrew C. Richardson sold 2,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $16.64, for a total value of $33,280.00. Following the transaction, the director now directly owns 17,143 shares of the company’s stock, valued at $285,259.52. This represents a 10.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.74% of the stock is owned by insiders.

Alpine Income Property Trust Stock Performance

PINE opened at $16.31 on Wednesday. The business’s 50-day simple moving average is $16.51 and its 200 day simple moving average is $17.21. Alpine Income Property Trust, Inc. has a 52-week low of $14.33 and a 52-week high of $19.42. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $239.63 million, a PE ratio of 116.50, a PEG ratio of 1.58 and a beta of 0.82.

Alpine Income Property Trust (NYSE:PINE) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.40. Alpine Income Property Trust had a return on equity of 0.76% and a net margin of 3.96%. As a group, sell-side analysts expect that Alpine Income Property Trust, Inc. will post 1.74 earnings per share for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.285 per share. The ex-dividend date is Thursday, March 13th. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 6.99%. Alpine Income Property Trust’s payout ratio is currently 814.29%.

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.