Charles Schwab Investment Management Inc. Raises Stock Holdings in Alpine Income Property Trust, Inc. (NYSE:PINE)

Charles Schwab Investment Management Inc. raised its holdings in Alpine Income Property Trust, Inc. (NYSE:PINE) by 5.8% during the 4th quarter, Holdings Channel reports. The firm owned 36,157 shares of the company’s stock after buying an additional 1,977 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Alpine Income Property Trust were worth $607,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PINE. JPMorgan Chase & Co. increased its stake in shares of Alpine Income Property Trust by 26.6% during the third quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company’s stock worth $129,000 after purchasing an additional 1,483 shares in the last quarter. Tidal Investments LLC boosted its holdings in Alpine Income Property Trust by 7.4% in the 3rd quarter. Tidal Investments LLC now owns 22,906 shares of the company’s stock worth $417,000 after buying an additional 1,578 shares during the last quarter. Rhumbline Advisers increased its stake in Alpine Income Property Trust by 11.7% during the 4th quarter. Rhumbline Advisers now owns 19,916 shares of the company’s stock worth $334,000 after buying an additional 2,081 shares in the last quarter. Guardian Wealth Management Inc. raised its holdings in shares of Alpine Income Property Trust by 4.7% during the third quarter. Guardian Wealth Management Inc. now owns 47,835 shares of the company’s stock valued at $871,000 after acquiring an additional 2,154 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Alpine Income Property Trust during the third quarter valued at approximately $64,000. 60.50% of the stock is currently owned by hedge funds and other institutional investors.

Alpine Income Property Trust Stock Performance

Shares of NYSE:PINE opened at $16.71 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.94 and a quick ratio of 0.94. Alpine Income Property Trust, Inc. has a 1 year low of $14.33 and a 1 year high of $19.42. The firm has a market capitalization of $245.55 million, a PE ratio of 119.38, a P/E/G ratio of 1.58 and a beta of 0.82. The business’s 50 day moving average price is $16.49 and its 200-day moving average price is $17.16.

Alpine Income Property Trust (NYSE:PINE) last announced its earnings results on Thursday, February 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.40. Alpine Income Property Trust had a net margin of 3.96% and a return on equity of 0.76%. As a group, equities research analysts expect that Alpine Income Property Trust, Inc. will post 1.74 earnings per share for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors 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%. The ex-dividend date was Thursday, March 13th. This is a boost from Alpine Income Property Trust’s previous quarterly dividend of $0.28. Alpine Income Property Trust’s dividend payout ratio is currently 814.29%.

Insider Buying and Selling at Alpine Income Property Trust

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 2,000 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $16.64, for a total transaction of $33,280.00. Following the transaction, the director now owns 17,143 shares of the company’s stock, valued at approximately $285,259.52. The trade was a 10.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.74% of the stock is owned by insiders.

About Alpine Income Property Trust

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.