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CTO Realty Growth, Inc. purchased shares of Alpine Income Property Trust, Inc. (NASDAQ:PINE) in three separate transactions. The purchases, totaling $563488, occurred between August 1 and August 5, 2025, with prices ranging from $14.1121 to $14.3461. According to InvestingPro data, PINE currently trades at $14.31, near its 52-week low of $13.95, while offering a substantial 7.97% dividend yield.
On August 1, CTO Realty Growth acquired 17,733 shares at a weighted-average price of $14.1121. These shares were bought in multiple transactions priced between $14.02 and $14.17. On August 4, the company purchased 12,757 shares at a weighted-average price of $14.3461, in a range from $14.23 to $14.40. Finally, on August 5, CTO Realty Growth bought 9,090 shares at a weighted-average price of $14.3262, with prices ranging from $14.17 to $14.37. PINE has maintained a strong dividend track record, raising dividends for 6 consecutive years.
Following these transactions, CTO Realty Growth directly owns 935,703 shares and indirectly owns 311,999 shares of Alpine Income Property Trust through its wholly-owned subsidiary, CTO TRS Crisp39 LLC.
The purchases were executed under a Rule 10b5-1 trading plan adopted on July 28, 2025.
In other recent news, Alpine Income Property Trust Inc (NYSE:PINE) reported its Q2 2025 earnings, revealing a mixed financial performance. The company’s earnings per share (EPS) significantly missed expectations, posting a figure of -$0.12 compared to the anticipated -$0.03, representing a 300% negative surprise. However, Alpine Income achieved a revenue of $14.86 million, which exceeded forecasts by 3.7%. Despite the EPS miss, the revenue beat indicates some positive momentum in the company’s operations. There were no new developments regarding mergers or acquisitions. Additionally, no recent analyst upgrades or downgrades were reported for Alpine Income. These developments provide a snapshot of the company’s current financial standing and recent activities.
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