Alpine Income Property Trust (NYSE:PINE) Director Sells $17,110.00 in Stock

Key Points

  • Director Andrew Richardson sold 1,000 shares on Dec. 11 at an average price of $17.11 for $17,110, reducing his stake by 5.22% to 18,160 shares (disclosed in an SEC Form 4).
  • Alpine reported a quarterly loss of ($0.09) per share versus a $0.43 consensus (negative net margin of 8.86% and negative ROE), but provided FY2025 EPS guidance of 1.820–1.850 while sell-side analysts expect about 1.74 EPS for the year.
  • The company announced a quarterly dividend of $0.285 payable Dec. 31 (ex-dividend Dec. 11), equal to a $1.14 annualized payout and a 6.7% yield, though the dividend payout ratio is an anomalous -325.71%.

Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) Director Andrew Richardson sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $17.11, for a total value of $17,110.00. Following the sale, the director directly owned 18,160 shares in the company, valued at $310,717.60. The trade was a 5.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Alpine Income Property Trust Trading Up 0.4%

PINE stock traded up $0.06 during midday trading on Friday, reaching $16.99. 182,070 shares of the company traded hands, compared to its average volume of 158,536. The firm has a market capitalization of $240.72 million, a price-to-earnings ratio of -48.55, a P/E/G ratio of 1.55 and a beta of 0.56. Alpine Income Property Trust, Inc. has a 52-week low of $13.10 and a 52-week high of $17.88. The business has a 50 day moving average of $15.49 and a 200-day moving average of $15.00. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.74 and a current ratio of 0.74.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last released its earnings results on Thursday, October 23rd. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $14.67 million. Alpine Income Property Trust has set its FY 2025 guidance at 1.820-1.850 EPS. As a group, sell-side analysts expect that Alpine Income Property Trust, Inc. will post 1.74 earnings per share for the current fiscal year.

Alpine Income Property Trust Dividend Announcement




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

Hedge Funds Weigh In On Alpine Income Property Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC boosted its holdings in shares of Alpine Income Property Trust by 85.5% in the first quarter. Hsbc Holdings PLC now owns 19,588 shares of the company's stock valued at $328,000 after purchasing an additional 9,028 shares during the period. Crossingbridge Advisors LLC increased its holdings in Alpine Income Property Trust by 22.5% during the 1st quarter. Crossingbridge Advisors LLC now owns 112,674 shares of the company's stock worth $1,872,000 after purchasing an additional 20,694 shares during the period. Acadian Asset Management LLC bought a new stake in Alpine Income Property Trust during the 1st quarter valued at $1,112,000. Rhumbline Advisers raised its position in Alpine Income Property Trust by 3.7% during the 1st quarter. Rhumbline Advisers now owns 20,652 shares of the company's stock valued at $345,000 after purchasing an additional 736 shares in the last quarter. Finally, Truvestments Capital LLC lifted its holdings in shares of Alpine Income Property Trust by 2,385.0% in the 1st quarter. Truvestments Capital LLC now owns 192,363 shares of the company's stock worth $3,216,000 after buying an additional 184,622 shares during the period. 60.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on PINE shares. Jones Trading reaffirmed 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. Industrial Alliance Securities set a $18.50 price objective on shares of Alpine Income Property Trust in a research note on Monday, November 17th. Alliance Global Partners reaffirmed a "neutral" rating on shares of Alpine Income Property Trust in a research note on Monday, November 17th. Stifel Nicolaus increased their price target on Alpine Income Property Trust from $17.50 to $19.00 and gave the stock a "buy" rating in a report on Wednesday, November 26th. Finally, Zacks Research upgraded Alpine Income Property Trust from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.88.

Check Out Our Latest Stock Analysis on Alpine Income Property Trust

Alpine Income Property Trust Company Profile

(Get Free Report)

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.

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