4/A: CTO Realty Growth Increases Stake in Alpine Income Property Trust

CTO Realty Growth, Inc. reports additional purchases of Alpine Income Property Trust (PINE) stock, increasing its indirect beneficial ownership.

Summary

• CTO Realty Growth, Inc. filed an amended Form 4 with the SEC regarding changes in beneficial ownership of Alpine Income Property Trust, Inc. (PINE).
• The filing reports purchases of PINE common stock on May 28, 2024, and May 29, 2024.
• On May 28, 2024, 191 shares were purchased at $15 per share.
• On May 29, 2024, 103 shares were purchased at $14.97 per share.
• Following these transactions, CTO Realty Growth, Inc. indirectly beneficially owns 173,405 shares of PINE common stock.
• CTO Realty Growth, Inc. also directly owns 935,703 shares of PINE common stock.
• The purchases were made pursuant to a Rule 10b5-1 trading plan adopted on February 28, 2023.
• The filing amends a previous Form 4 filed on May 30, 2024, to correct the date of the earliest transaction.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to stock purchases under a pre-existing plan. There's no indication of significant positive or negative news.

Positives

• CTO Realty Growth, Inc.'s increased investment in Alpine Income Property Trust (PINE) could signal confidence in PINE's future performance.

Industry Context

This filing indicates continued investment by CTO Realty Growth in Alpine Income Property Trust, suggesting a strategic relationship or belief in the REIT's prospects within the real estate investment sector.

Stakeholder Impact

• The increased stake by CTO Realty Growth in Alpine Income Property Trust could be viewed positively by shareholders of both companies.

Key Dates