Cto Realty Growth, Inc. Buys 830 Shares of Alpine Income Property Trust, Inc. (NYSE:PINE) Stock

Alpine Income Property Trust, Inc. (NYSE:PINE) major shareholder Cto Realty Growth, Inc. purchased 830 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were acquired at an average cost of $14.99 per share, for a total transaction of $12,441.70. Following the completion of the purchase, the insider now directly owns 174,235 shares of the company’s stock, valued at approximately $2,611,782.65. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 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, May 28th, Cto Realty Growth, Inc. purchased 191 shares of Alpine Income Property Trust stock. The shares were acquired at an average cost of $15.00 per share, for a total transaction of $2,865.00.

Alpine Income Property Trust Stock Up 0.6 %

Shares of NYSE PINE opened at $15.47 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. Alpine Income Property Trust, Inc. has a 52 week low of $14.25 and a 52 week high of $17.72. The firm’s fifty day moving average is $15.30 and its 200 day moving average is $15.76. The company has a market cap of $210.70 million, a price-to-earnings ratio of -386.75, a PEG ratio of 1.61 and a beta of 0.79.

Alpine Income Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 7.11%. The ex-dividend date is Thursday, June 13th. Alpine Income Property Trust’s payout ratio is currently -2,750.00%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC increased its position in Alpine Income Property Trust by 7.6% during the 4th quarter. Sound Income Strategies LLC now owns 574,075 shares of the company’s stock valued at $9,708,000 after purchasing an additional 40,536 shares during the period. Exchange Traded Concepts LLC increased its position in Alpine Income Property Trust by 47.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 73,452 shares of the company’s stock valued at $1,242,000 after purchasing an additional 23,595 shares during the period. State of New Jersey Common Pension Fund D increased its position in Alpine Income Property Trust by 4.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 223,000 shares of the company’s stock valued at $3,771,000 after purchasing an additional 10,000 shares during the period. Penserra Capital Management LLC increased its position in 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 purchasing an additional 3,710 shares during the period. Finally, Truvestments Capital LLC increased its position in Alpine Income Property Trust by 2.1% during the 3rd quarter. Truvestments Capital LLC now owns 114,343 shares of the company’s stock valued at $1,871,000 after purchasing an additional 2,392 shares during the period. 60.50% of the stock is owned by hedge funds and other institutional investors.

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.