Alpine Income Property Trust, Inc. (NYSE:PINE) Short Interest Update

Alpine Income Property Trust, Inc. (NYSE:PINE) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 108,800 shares, a decrease of 31.7% from the August 31st total of 159,300 shares. Based on an average trading volume of 61,400 shares, the days-to-cover ratio is currently 1.8 days.

Alpine Income Property Trust Trading Up 0.4 %

Shares of Alpine Income Property Trust stock traded up $0.07 on Friday, reaching $18.25. The company had a trading volume of 127,513 shares, compared to its average volume of 97,853. The firm has a market cap of $248.75 million, a price-to-earnings ratio of -456.25, a P/E/G ratio of 1.83 and a beta of 0.80. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.88 and a quick ratio of 0.88. The firm’s 50-day moving average price is $17.89 and its two-hundred day moving average price is $16.26. Alpine Income Property Trust has a 1 year low of $14.25 and a 1 year high of $19.42.

Alpine Income Property Trust (NYSE:PINE) last announced its earnings results on Thursday, July 18th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.38). The company had revenue of $12.49 million during the quarter, compared to analysts’ expectations of $12.10 million. Alpine Income Property Trust had a negative return on equity of 0.20% and a negative net margin of 1.16%. During the same quarter last year, the firm posted $0.37 EPS. As a group, research analysts predict that Alpine Income Property Trust will post 1.64 earnings per share for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 12th will be paid a dividend of $0.28 per share. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.28. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date is Thursday, September 12th. Alpine Income Property Trust’s dividend payout ratio (DPR) is currently -2,800.00%.

Insider Buying and Selling at Alpine Income Property Trust

In related news, major shareholder Cto Realty Growth, Inc. acquired 6,262 shares of the firm’s stock in a transaction dated Friday, July 5th. The shares were purchased at an average price of $15.00 per share, with a total value of $93,930.00. Following the completion of the purchase, the insider now directly owns 196,356 shares of the company’s stock, valued at $2,945,340. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.74% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alpine Income Property Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC raised its position in Alpine Income Property Trust by 5.8% during the 1st quarter. Tidal Investments LLC now owns 19,466 shares of the company’s stock valued at $297,000 after purchasing an additional 1,064 shares in the last quarter. Guardian Wealth Management Inc. raised its position in Alpine Income Property Trust by 3.0% during the 4th quarter. Guardian Wealth Management Inc. now owns 38,927 shares of the company’s stock valued at $658,000 after purchasing an additional 1,138 shares in the last quarter. Rhumbline Advisers raised its position in 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 in the last quarter. ClariVest Asset Management LLC raised its position in Alpine Income Property Trust by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 54,299 shares of the company’s stock valued at $845,000 after purchasing an additional 1,516 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Alpine Income Property Trust by 5.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 94,923 shares of the company’s stock valued at $1,477,000 after purchasing an additional 4,723 shares in the last quarter. 60.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PINE shares. Truist Financial raised their price objective on Alpine Income Property Trust from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. Stifel Nicolaus increased their target price on Alpine Income Property Trust from $18.00 to $19.25 and gave the stock a “buy” rating in a research report on Friday, July 19th. B. Riley reiterated a “buy” rating and set a $20.00 target price (up previously from $19.50) on shares of Alpine Income Property Trust in a research report on Wednesday, July 24th. Finally, Raymond James increased their target price on Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.89.

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.