Alpine Income Property Trust Stock News

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State Street Corp trimmed its position in Alpine Income Property Trust, Inc. (NYSE:PINE) by 87.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,912 shares of the companys stock after selling 94,670 shares during the period. State Street Corp []

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With the refinancing of its credit facility, SL Green (SLG) extends the maturity date, and reduces the borrowing cost and the overall size of its unsecured corporate credit facility.

With its transition into a pure-play multifamily REIT, Mack-Cali (CLI) changes its name to Veris Residential.

Zacks Investment Research cut shares of Alpine Income Property Trust (NYSE:PINE) from a buy rating to a hold rating in a research report sent to investors on Saturday, Zacks.com reports. According to Zacks, Alpine Income Property Trust Inc. is a real estate investment trust. It owns and operates a portfolio of single-tenant net lease commercial []

Alpine Income Property Trust, Inc. (NYSE:PINE) major shareholder Cto Realty Growth, Inc. bought 4,916 shares of the companys stock in a transaction on Wednesday, December 1st. The stock was bought at an average price of $17.60 per share, for a total transaction of $86,521.60. The purchase was disclosed in a filing with the Securities & []

Alpine Income Property Trust, Inc. (NYSE:PINE) major shareholder Cto Realty Growth, Inc. bought 922 shares of the companys stock in a transaction dated Friday, December 3rd. The stock was bought at an average price of $17.71 per share, for a total transaction of $16,328.62. The acquisition was disclosed in a filing with the SEC, which []

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DAYTONA BEACH, Fla., Dec. 02, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE ) (the "Company") today announced the disposition of its single tenant office properties located in Orlando, Florida and net leased to Hilton Grand Vacations (the "Property"). The Property has five years of remaining lease term and was sold for $24.5 million, representing an exit cap rate of 7.5% and generating a gain on sale of $9.1 million. The Company anticipates utilizing the proceeds from the sale of the Property as part of a like-kind 1031 exchange. "The sale of our Hilton Grand Vacation office properties improves our overall weighted average lease term and is a meaningful step in our efforts to position our high-quality net lease portfolio as 100% retail," said John P. Albright, President and Chief Executive Officer of Alpine Income Property Trust. "As we look to redeploy the disposition proceeds, we''re focused on driving sustainable earnings by further improving our portfolio''s overall quality through increased geographic, sector and tenant diversity as we invest in retail net lease properties supported by strong underlying demographics and attractive real estate fundamentals." About Alpine Income

DAYTONA BEACH, Fla., Dec. 02, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced the disposition of its single tenant office properties loca

Alpine has a solid triple net property portfolio.

Equities research analysts expect that Alpine Income Property Trust, Inc. (NYSE:PINE) will announce $8.27 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Alpine Income Property Trusts earnings, with the lowest sales estimate coming in at $7.45 million and the highest estimate coming in at $9.18 []