Alpine Income Property Trust, Inc. (NYSE:PINE) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in Alpine Income Property Trust, Inc. (NYSE:PINE) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,157 shares of the company’s stock after buying an additional 1,977 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.25% of Alpine Income Property Trust worth $607,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new position in shares of Alpine Income Property Trust in the 3rd quarter valued at approximately $64,000. JPMorgan Chase & Co. increased its stake in Alpine Income Property Trust by 26.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company’s stock valued at $129,000 after purchasing an additional 1,483 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Alpine Income Property Trust in the third quarter worth $200,000. Quadrature Capital Ltd acquired a new stake in shares of Alpine Income Property Trust during the third quarter worth $239,000. Finally, Barclays PLC grew its holdings in shares of Alpine Income Property Trust by 282.4% during the third quarter. Barclays PLC now owns 16,411 shares of the company’s stock valued at $299,000 after buying an additional 12,119 shares during the last quarter. Institutional investors and hedge funds own 60.50% of the company’s stock.

Insider Activity

In related news, Director Andrew C. Richardson sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $16.64, for a total transaction of $33,280.00. Following the sale, the director now directly owns 17,143 shares of the company’s stock, valued at $285,259.52. This trade represents a 10.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.74% of the company’s stock.

Alpine Income Property Trust Price Performance

NYSE PINE opened at $16.71 on Tuesday. The company has a market cap of $245.55 million, a price-to-earnings ratio of 119.38, a PEG ratio of 1.58 and a beta of 0.82. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.94 and a quick ratio of 0.94. The stock’s fifty day moving average price is $16.49 and its 200 day moving average price is $17.16. Alpine Income Property Trust, Inc. has a 1 year low of $14.33 and a 1 year high of $19.42.

Alpine Income Property Trust (NYSE:PINE) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.44 earnings per share for the quarter, beating 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, equities research analysts forecast that Alpine Income Property Trust, Inc. will post 1.74 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 13th were paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 6.82%. This is a boost from Alpine Income Property Trust’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, March 13th. Alpine Income Property Trust’s payout ratio is presently 814.29%.

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.