Alpine Income Property Trust (NYSE:PINE) Director Andrew Richardson Sells 1,000 Shares of Stock

Alpine Income Property Trust, Inc. (NYSE:PINE) Director Andrew Richardson sold 1,000 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $17.11, for a total value of $17,110.00. Following the transaction, the director directly owned 18,160 shares in the company, valued at approximately $310,717.60. The trade was a 5.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Alpine Income Property Trust Stock Performance

Shares of Alpine Income Property Trust stock traded up $0.06 during trading on Friday, hitting $16.99. 182,070 shares of the company’s stock traded hands, compared to its average volume of 158,536. Alpine Income Property Trust, Inc. has a 1 year low of $13.10 and a 1 year high of $17.88. The business has a 50-day simple moving average of $15.49 and a 200-day simple moving average of $15.00. The stock has a market capitalization of $240.72 million, a P/E ratio of -48.55, a PEG ratio of 1.55 and a beta of 0.56. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.74 and a quick ratio of 0.74.

Alpine Income Property Trust (NYSE:PINE) last announced its quarterly earnings results on Thursday, October 23rd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.52). Alpine Income Property Trust had a negative net margin of 8.86% and a negative return on equity of 1.96%. The company had revenue of $14.56 million for the quarter, compared to analysts’ expectations of $14.67 million. Alpine Income Property Trust has set its FY 2025 guidance at 1.820-1.850 EPS. As a group, analysts forecast that Alpine Income Property Trust, Inc. will post 1.74 EPS for the current year.

Alpine Income Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th will be paid a dividend of $0.285 per share. The ex-dividend date is Thursday, December 11th. This represents a $1.14 dividend on an annualized basis and a yield of 6.7%. Alpine Income Property Trust’s payout ratio is currently -325.71%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PINE shares. Weiss Ratings restated a “sell (d+)” rating on shares of Alpine Income Property Trust in a research note on Monday. Alliance Global Partners reissued a “neutral” rating on shares of Alpine Income Property Trust in a research report on Monday, November 17th. Jones Trading restated a “buy” rating and set a $19.00 price target on shares of Alpine Income Property Trust in a research note on Monday, October 27th. Stifel Nicolaus upped their price target on shares of Alpine Income Property Trust from $17.50 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Finally, Industrial Alliance Securities set a $18.50 price objective on shares of Alpine Income Property Trust in a report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.88.

Hedge Funds Weigh In On Alpine Income Property Trust

Hedge funds have recently modified their holdings of the stock. Sound Income Strategies LLC grew its stake in Alpine Income Property Trust by 7.6% during the third quarter. Sound Income Strategies LLC now owns 1,126,174 shares of the company’s stock valued at $15,001,000 after acquiring an additional 79,119 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Alpine Income Property Trust by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 772,504 shares of the company’s stock valued at $10,946,000 after purchasing an additional 5,681 shares during the last quarter. Heartland Advisors Inc. grew its position in shares of Alpine Income Property Trust by 25.1% during the third quarter. Heartland Advisors Inc. now owns 692,400 shares of the company’s stock valued at $9,811,000 after purchasing an additional 138,770 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Alpine Income Property Trust by 3.7% during the second quarter. Russell Investments Group Ltd. now owns 332,426 shares of the company’s stock valued at $4,890,000 after purchasing an additional 11,712 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Alpine Income Property Trust by 5.8% in the second quarter. Geode Capital Management LLC now owns 327,734 shares of the company’s stock worth $4,822,000 after purchasing an additional 17,947 shares during the last quarter. Hedge funds and other institutional investors own 60.50% of the company’s stock.

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.