Alpine Income Property Trust, Inc. (NYSE:PINE) Major Shareholder Cto Realty Growth, Inc. Acquires 7,959 Shares

Alpine Income Property Trust, Inc. (NYSE:PINE) major shareholder Cto Realty Growth, Inc. purchased 7,959 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was acquired at an average cost of $14.97 per share, for a total transaction of $119,146.23. Following the completion of the purchase, the insider now owns 190,094 shares of the company’s stock, valued at approximately $2,845,707.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Cto Realty Growth, Inc. also recently made the following trade(s):

• On Thursday, June 13th, Cto Realty Growth, Inc. purchased 830 shares of Alpine Income Property Trust stock. The stock was acquired at an average cost of $14.99 per share, for a total transaction of $12,441.70.
• On Tuesday, May 28th, Cto Realty Growth, Inc. purchased 191 shares of Alpine Income Property Trust stock. The stock was bought at an average cost of $15.00 per share, with a total value of $2,865.00.

Alpine Income Property Trust Stock Performance

PINE stock opened at $15.54 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00. Alpine Income Property Trust, Inc. has a fifty-two week low of $14.25 and a fifty-two week high of $17.72. The stock has a fifty day moving average of $15.37 and a 200-day moving average of $15.69.

Alpine Income Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were paid a $0.275 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.10 dividend on an annualized basis and a yield of 7.08%. Alpine Income Property Trust’s dividend payout ratio is -2,750.00%.

Institutional Investors Weigh In On Alpine Income Property Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of PINE. Tower Research Capital LLC TRC grew its position in shares of Alpine Income Property Trust by 312.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,910 shares of the company’s stock valued at $49,000 after purchasing an additional 2,205 shares in the last quarter. SG Americas Securities LLC bought a new position in Alpine Income Property Trust in the 4th quarter worth about $117,000. Tidal Investments LLC grew its holdings 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 buying an additional 1,064 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of Alpine Income Property Trust by 14.4% during the third quarter. Penserra Capital Management LLC now owns 29,426 shares of the company’s stock valued at $481,000 after buying an additional 3,710 shares during the period. Finally, Guardian Wealth Management Inc. lifted its holdings in shares of Alpine Income Property Trust by 3.0% in the fourth quarter. Guardian Wealth Management Inc. now owns 38,927 shares of the company’s stock worth $658,000 after buying an additional 1,138 shares in the last quarter. Institutional investors own 60.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in 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 for the company in a research note on Monday, April 22nd. Alliance Global Partners began coverage on shares of Alpine Income Property Trust in a research note on Thursday, April 11th. They issued a “buy” rating and a $19.00 price objective on the stock. Jonestrading lowered their price objective on Alpine Income Property Trust from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Finally, Stifel Nicolaus lowered their price objective on Alpine Income Property Trust from $19.00 to $18.75 and set a “buy” rating for the company in a research note on Friday, April 19th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $18.69.

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.