Director Andrew Richardson sold 1,000 shares of Alpine Income Property Trust Inc (PINE, Financial) on September 30, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 21,143 shares of the company.
Alpine Income Property Trust Inc (PINE, Financial) is a publicly traded real estate investment trust that focuses on acquiring, owning, and operating a portfolio of high-quality single-tenant commercial properties.
Over the past year, Andrew Richardson has sold a total of 1,000 shares and has not made any purchases of the company's stock. This recent sale aligns with a broader pattern observed within the company, where insider transactions over the past year have included 7 insider buys and 2 insider sells.
Shares of Alpine Income Property Trust Inc were trading at $18.15 on the day of the transaction. The company has a market cap of approximately $241.28 million.
According to the GF Value, the stock is considered Fairly Valued with a price-to-GF-Value ratio of 1. The GF Value of $18.19 is derived from historical trading multiples, an adjustment factor based on the company's past performance, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of confidence levels concerning the company's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
