Alpine Income Property Trust, Inc. (NYSE:PINE) Short Interest Update

Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 179,600 shares, a decrease of 33.1% from the March 15th total of 268,600 shares. Based on an average trading volume of 52,200 shares, the short-interest ratio is presently 3.4 days.

Institutional Trading of Alpine Income Property Trust

Several hedge funds and other institutional investors have recently made changes to their positions in PINE. Sound Income Strategies LLC raised its stake in Alpine Income Property Trust by 7.6% in the 4th quarter. Sound Income Strategies LLC now owns 574,075 shares of the company's stock worth $9,708,000 after acquiring an additional 40,536 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Alpine Income Property Trust by 47.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 73,452 shares of the company's stock worth $1,242,000 after acquiring an additional 23,595 shares during the last quarter. Penserra Capital Management LLC raised its stake in Alpine Income Property Trust by 14.4% in the 3rd quarter. Penserra Capital Management LLC now owns 29,426 shares of the company's stock worth $481,000 after acquiring an additional 3,710 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Alpine Income Property Trust during the 3rd quarter valued at about $70,000. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of Alpine Income Property Trust by 4.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 213,000 shares of the company's stock valued at $3,485,000 after buying an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 60.50% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on PINE shares. Alliance Global Partners started coverage on Alpine Income Property Trust in a research report on Thursday. They set a "buy" rating and a $19.00 price objective on the stock. Jonestrading decreased their price objective on Alpine Income Property Trust from $20.00 to $19.00 and set a "buy" rating on the stock in a research report on Monday, February 12th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Alpine Income Property Trust currently has a consensus rating of "Buy" and a consensus price target of $19.60.

Alpine Income Property Trust Stock Down 0.4 %

NYSE PINE traded down $0.06 during midday trading on Friday, hitting $15.23. 23,788 shares of the company traded hands, compared to its average volume of 51,776. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.64 and a quick ratio of 2.64. The company has a market cap of $207.40 million, a PE ratio of 80.16, a price-to-earnings-growth ratio of 1.61 and a beta of 0.80. The company's 50-day simple moving average is $15.49 and its 200-day simple moving average is $15.98. Alpine Income Property Trust has a 52 week low of $14.25 and a 52 week high of $17.72.

Alpine Income Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.10 annualized dividend and a dividend yield of 7.22%. Alpine Income Property Trust's dividend payout ratio is presently 578.95%.

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.

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