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

CTO Realty Growth, Inc. reports purchasing additional shares of Alpine Income Property Trust, Inc. through a pre-arranged trading plan.

Summary

• CTO Realty Growth, Inc. filed a Form 4 detailing changes in beneficial ownership of Alpine Income Property Trust, Inc. (PINE).
• On June 27, 2024, CTO Realty Growth purchased 7,959 shares of PINE common stock at a weighted-average price of $14.9693 per share, with individual prices ranging from $14.89 to $15.00.
• Following the transaction, CTO Realty Growth directly owns 935,703 shares and indirectly owns 190,094 shares through its wholly-owned subsidiary, CTO TRS Crisp39 LLC.
• The purchase was executed under a Rule 10b5-1 trading plan adopted on February 28, 2023.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The purchase indicates continued investment, but it's part of a pre-planned strategy, so it's not necessarily a strong signal of increased confidence.

Positives

• The purchase demonstrates CTO Realty Growth's continued investment in Alpine Income Property Trust.
• The use of a 10b5-1 trading plan suggests a structured and pre-planned investment strategy.

Future Outlook

The document does not contain specific forward-looking statements, but the continued purchases suggest a positive outlook from CTO Realty Growth regarding Alpine Income Property Trust.

Industry Context

Form 4 filings are routine disclosures for significant shareholders and provide transparency into their investment activities. This filing indicates CTO Realty Growth's ongoing interest in Alpine Income Property Trust, which could be viewed positively by the market.

Stakeholder Impact

• The increased stake by CTO Realty Growth could be viewed positively by shareholders of Alpine Income Property Trust.
• The transaction has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates