Cto Realty Growth, Inc. Purchases 6,824 Shares of Alpine Income Property Trust, Inc. (NYSE: PINE) Stock


Alpine Income Property Trust, Inc. (NYSE: PINE – Get Rating) major shareholder Cto Realty Growth, Inc. acquired 6,824 shares of the firm’s stock in a transaction on Friday, June 17th. The stock was purchased at an average price of $ 16.93 per share, with a total value of $ 115,530.32. Following the purchase, the insider now owns 913,082 shares in the company, valued at approximately $ 15,458,478.26. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, June 21st, Cto Realty Growth, Inc. acquired 3,422 shares of Alpine Income Property Trust stock. The stock was acquired at an average cost of $ 17.54 per share, with a total value of $ 60,021.88.
  • On Wednesday, June 15th, Cto Realty Growth, Inc. purchased 5,410 shares of Alpine Income Property Trust stock. The stock was purchased at an average cost of $ 17.74 per share, with a total value of $ 95,973.40.
  • On Monday, June 13th, Cto Realty Growth, Inc. acquired 7,329 shares of Alpine Income Property Trust stock. The shares were bought at an average price of $ 17.86 per share, for a total transaction of $ 130,895.94.
  • On Thursday, June 9th, Cto Realty Growth, Inc. bought 100 shares of Alpine Income Property Trust stock. The stock was acquired at an average price of $ 18.00 per share, for a total transaction of $ 1,800.00.
  • On Wednesday, May 11th, Cto Realty Growth, Inc. acquired 216 shares of Alpine Income Property Trust stock. The stock was purchased at an average price of $ 17.95 per share, for a total transaction of $ 3,877.20.
  • On Monday, May 9th, Cto Realty Growth, Inc. bought 1,300 shares of Alpine Income Property Trust stock. The shares were bought at an average cost of $ 18.27 per share, for a total transaction of $ 23,751.00.
  • On Wednesday, May 4th, Cto Realty Growth, Inc. acquired 3,600 shares of Alpine Income Property Trust stock. The shares were acquired at an average cost of $ 18.48 per share, for a total transaction of $ 66,528.00.
  • On Monday, May 2nd, Cto Realty Growth, Inc. acquired 10,406 shares of Alpine Income Property Trust stock. The shares were acquired at an average cost of $ 18.32 per share, for a total transaction of $ 190,637.92.
  • On Wednesday, April 13th, Cto Realty Growth, Inc. bought 9,551 shares of Alpine Income Property Trust stock. The stock was purchased at an average price of $ 18.26 per share, for a total transaction of $ 174,401.26.
  • On Monday, April 11th, Cto Realty Growth, Inc. acquired 7,400 shares of Alpine Income Property Trust stock. The shares were bought at an average cost of $ 18.35 per share, with a total value of $ 135,790.00.

Shares of PINE stock opened at $ 17.54 on Friday. Alpine Income Property Trust, Inc. has a 12 month low of $ 16.61 and a 12 month high of $ 21.07. The stock has a market cap of $ 207.55 million, a P / E ratio of 21.93, a P / E / G ratio of 1.80 and a beta of 0.82. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.34. The company has a 50 day simple moving average of $ 18.44 and a two-hundred day simple moving average of $ 18.92.

Alpine Income Property Trust (NYSE: PINE – Get Rating) last posted its quarterly earnings results on Thursday, April 21st. The company reported $ 0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $ 0.43 by ($ 0.37). Alpine Income Property Trust had a return on equity of 4.58% and a net margin of 29.48%. During the same quarter in the prior year, the business earned $ 0.42 earnings per share. As a group, equities analysts forecast that Alpine Income Property Trust, Inc. will post 1.63 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 9th will be given a $ 0.27 dividend. The ex-dividend date of this dividend is Wednesday, June 8th. This represents a $ 1.08 dividend on an annualized basis and a dividend yield of 6.16%. Alpine Income Property Trust’s payout ratio is currently 135.00%.

Several institutional investors and hedge funds have recently bought and sold shares of PINE. State of Alaska Department of Revenue bought a new position in shares of Alpine Income Property Trust during the fourth quarter worth $ 103,000. RiverPark Advisors LLC bought a new position in shares of Alpine Income Property Trust during the first quarter worth $ 137,000. Guardian Wealth Management Inc. bought a new position in shares of Alpine Income Property Trust during the fourth quarter worth $ 170,000. Diligent Investors LLC bought a new position in shares of Alpine Income Property Trust during the fourth quarter worth $ 208,000. Finally, Royal Bank of Canada boosted its position in shares of Alpine Income Property Trust by 5.6% during the first quarter. Royal Bank of Canada now owns 11,410 shares of the company’s stock worth $ 214,000 after acquiring an additional 610 shares during the last quarter. Institutional investors and hedge funds own 55.94% of the company’s stock.

Separately, TheStreet cut shares of Alpine Income Property Trust from a “c” rating to a “d +” rating in a report on Friday, May 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Alpine Income Property Trust has an average rating of “Moderate Buy” and an average target price of $ 20.70.

Alpine Income Property Trust Company Profile (Get Rating)

Alpine Income Property Trust, Inc (NYSE: PINE) is a publicly traded real estate investment trust that acquires, owns and operates a portfolio of high-quality single-tenant net leased commercial income properties.

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