CTO Realty Growth buys Alpine Income Property Trust (PINE) shares

Published 01/08/2025, 06:54
CTO Realty Growth buys Alpine Income Property Trust (PINE) shares

CTO Realty Growth, Inc. purchased shares of Alpine Income Property Trust, Inc. (NASDAQ:PINE) in three transactions valued at $990360. The purchases were executed between July 29 and July 31, 2025, with prices ranging from $14.0598 to $14.4334. According to InvestingPro data, PINE currently trades at $14.05, near its 52-week low of $13.95, while offering an attractive 8.11% dividend yield.

On July 29, CTO Realty Growth acquired 25,326 shares at a weighted-average price of $14.4334, for a total value of $365,548. These shares were purchased in multiple transactions at prices ranging from $14.07 to $14.62, inclusive.

On July 30, the company bought 23,334 shares at a weighted-average price of $14.2196, for a total value of $331,791. The prices for these shares ranged from $14.03 to $14.41.

The final purchase occurred on July 31, with 20,841 shares acquired at a weighted-average price of $14.0598, for a total value of $292,992. These shares were purchased in multiple transactions at prices ranging from $13.96 to $14.145.

Following these transactions, CTO Realty Growth directly owns 935,703 shares and indirectly owns 272,419 shares of Alpine Income Property Trust, Inc.

The purchases were effected pursuant to a Rule 10b5-1 trading plan adopted by CTO Realty Growth on July 28, 2025. The indirectly held shares are owned directly by CTO TRS Crisp39 LLC, a wholly-owned subsidiary of CTO Realty Growth, Inc., making CTO Realty Growth an indirect beneficial owner of the reported securities.

In other recent news, Alpine Income Property Trust Inc (NYSE:PINE) reported its Q2 2025 earnings, revealing a mixed performance. The company experienced a significant earnings per share (EPS) miss, posting an EPS of -$0.12 compared to the expected -$0.03, which represents a 300% negative surprise. However, on a positive note, Alpine Income achieved a revenue of $14.86 million, exceeding forecasts by 3.7%. Despite the EPS miss, the revenue beat indicates strong sales performance. These earnings results were among the key developments for the company recently. Investors may find interest in the revenue growth, even as the EPS fell short of expectations. The contrasting earnings and revenue outcomes highlight the company’s current financial dynamics.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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