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

Alpine Income Property Trust, Inc. (NYSE:PINE) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 243,203 shares, a drop of 19.3% from the December 31st total of 301,378 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average daily volume of 157,757 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily volume of 157,757 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Atlantic Union Bankshares Corp acquired a new stake in Alpine Income Property Trust in the 3rd quarter valued at about $25,000. Key Capital Management INC bought a new stake in shares of Alpine Income Property Trust in the 4th quarter worth approximately $38,000. Strs Ohio bought a new stake in shares of Alpine Income Property Trust in the 1st quarter worth approximately $42,000. BNP Paribas Financial Markets lifted its stake in Alpine Income Property Trust by 197.5% during the third quarter. BNP Paribas Financial Markets now owns 6,677 shares of the company’s stock valued at $95,000 after purchasing an additional 4,433 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Alpine Income Property Trust by 36.7% during the fourth quarter. State of Alaska Department of Revenue now owns 8,383 shares of the company’s stock worth $138,000 after buying an additional 2,249 shares in the last quarter. 60.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PINE has been the topic of several analyst reports. Weiss Ratings upgraded shares of Alpine Income Property Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 27th. Zacks Research upgraded Alpine Income Property Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. Alliance Global Partners reaffirmed a “neutral” rating on shares of Alpine Income Property Trust in a research note on Monday, November 17th. Stifel Nicolaus boosted their price target on Alpine Income Property Trust from $17.50 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Finally, Industrial Alliance Securities set a $18.50 price target on Alpine Income Property Trust in a report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.88.

Alpine Income Property Trust Price Performance

PINE traded up $0.06 during trading on Monday, reaching $17.68. The stock had a trading volume of 150,765 shares, compared to its average volume of 143,929. The stock has a 50 day moving average of $17.15 and a two-hundred day moving average of $15.54. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $250.37 million, a price-to-earnings ratio of -50.50 and a beta of 0.58. Alpine Income Property Trust has a 1-year low of $13.10 and a 1-year high of $18.32.

Alpine Income Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Thursday, December 11th were issued a $0.285 dividend. The ex-dividend date was Thursday, December 11th. This represents a $1.14 annualized dividend and a dividend yield of 6.4%. Alpine Income Property Trust’s dividend payout ratio is -325.71%.

Alpine Income Property Trust Company Profile

Alpine Income Property Trust, Inc is a publicly traded real estate investment trust that specializes in acquiring, owning and managing single-tenant net lease properties. The company focuses on sale-leaseback and build-to-suit transactions with food and beverage companies, targeting facilities that support production, distribution and processing operations. By structuring long-term, triple-net leases, Alpine Income Property Trust seeks to deliver stable, predictable cash flow while allowing tenants to unlock capital from real estate assets and reinvest in their core businesses.

The company’s portfolio is diversified across multiple U.S.