PINE - Alpine Income Property Trust, Inc.

NYSE - NYSE Delayed Price. Currency in USD
19.10
-0.12 (-0.62%)
At close: 4:00PM EST
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Previous Close19.22
Open19.20
Bid19.02 x 1000
Ask19.06 x 900
Day's Range18.97 - 19.20
52 Week Range18.30 - 19.33
Volume47,201
Avg. Volume96,174
Market Cap174.318M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.23 (1.21%)
Ex-Dividend DateDec 17, 2019
1y Target Est22.00
  • GlobeNewswire

    Consolidated Tomoka Announces Sale of 31 Acres for Approximately $6.4 Million by Land JV

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company” or “CTO”) today announced the closing of the sale of approximately 38 acres (the “Land Sale”), for approximately $6.4 million, or approximately $167,000 per acre, to a regional developer of primarily multi-family residential projects. The Land Sale was completed by the venture that was formed in October 2019 when the Company sold the controlling interest in the entity that held the remaining land portfolio (the “Land JV”). Pursuant to the Land JV structure, the proceeds from the Land Sale will be distributed in accordance with the distribution priority in the applicable operating agreement of the Land JV.

  • GlobeNewswire

    Consolidated Tomoka Announces Acquisition of The Strand, A 212,000 Square Foot Shopping Center, in Jacksonville, Florida for $62.7 Million

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the purchase of The Strand, an approximately 212,000 square foot shopping center in Jacksonville, Florida (the “Strand”), for $62.7 million. The Strand is 95% occupied and has four anchor tenants: Hobby Lobby, Best Buy, 2nd & Charles and the PGA Superstore. The weighted average lease term for the leases of all 20 tenants at the Strand is approximately 9.5 years.

  • GlobeNewswire

    Consolidated Tomoka Announces Completion of Recently Announced $10 Million Share Buyback Program

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced that it has completed the $10 million share repurchase program announced in November 2019 (the “Completed Repurchase Program”), as a result of repurchasing approximately $10 million of its common stock in the last 30 days. In total, under the Completed Repurchase Program, the Company repurchased 158,625 shares at an average price of $63.04 per share. As a result of the Completed Repurchase Program, the Company’s shares outstanding currently totals 4,770,454.

  • GlobeNewswire

    Consolidated Tomoka Announces Sale of 31 Acres for $4.6 Million by Land JV

    Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company” or “CTO”) today announced the closing of the sale of approximately 31 acres (the “Unicorp Sale”), for approximately $4.6 million, or approximately $148,000 per acre, to Unicorp National Development, Inc. of Orlando Florida (“Unicorp”). The Unicorp Sale was completed by the venture that acquired the remaining land portfolio from CTO in October of 2019 (the “Land JV”). Pursuant to the Land JV structure, the proceeds from the Unicorp Sale will go to pay the amount of preferred return accrued to CTO’s partner in the Land JV, with the remaining proceeds distributed in accordance with the distribution priority in the applicable operating agreement of the Land JV.

  • GlobeNewswire

    Alpine Income Property Trust, Inc. Announces Closing of Initial Public Offering

    Alpine Income Property Trust, Inc. (the “Company” or “PINE”) announced today the closing of its initial public offering of 7,500,000 shares of common stock at an initial public offering price of $19.00 per share (the “Offering”). The Company has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions. The Company used approximately $125.9 million of the net proceeds of the Offering to acquire, from Consolidated-Tomoka Land Co., 15 of the 20 properties in the Company’s initial portfolio.

  • GlobeNewswire

    Alpine Income Property Trust, Inc. Prices Initial Public Offering

    DAYTONA BEACH, Fla., Nov. 21, 2019 -- Alpine Income Property Trust, Inc. (the “Company” or “PINE”) announced today that it has priced its initial public offering of 7,500,000.