CTO.NYSECto Realty Growth, INC

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

Sentiment:

SEC Form 4

📋All filings for Cto Realty Growth, INC
🔒Login to Follow

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. has filed a Form 4 detailing changes in beneficial ownership of Alpine Income Property Trust, Inc. (PINE).
  • On June 13, 2024, CTO Realty Growth purchased 830 shares of PINE common stock at a weighted-average price of $14.9866 per share.
  • On June 14, 2024, an additional 7,900 shares were purchased at a weighted-average price of $14.9184 per share.
  • Following these transactions, CTO Realty Growth indirectly owns 182,135 shares through its wholly-owned subsidiary, CTO TRS Crisp39 LLC, and directly owns 935,703 shares.
  • The purchases were executed under a Rule 10b5-1 trading plan adopted on February 28, 2023.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine filing related to pre-planned stock purchases. The increased stake could be viewed slightly positively, but it's not a major event.

Positives

  • CTO Realty Growth increasing its stake in Alpine Income Property Trust could be seen as a positive signal, indicating confidence in the REIT's future performance.

Risks

  • The Form 4 filing itself doesn't inherently indicate risks, but investors should consider the overall financial health and market conditions of both CTO Realty Growth and Alpine Income Property Trust.

Industry Context

REITs (Real Estate Investment Trusts) are often held by other companies or institutions as part of a diversified investment strategy. This filing indicates activity in that space.

Comparison to Industry Standards

  • Comparing CTO Realty Growth's investment in Alpine Income Property Trust to similar REIT investments by other companies would require analyzing the size of the investment relative to their overall portfolio and the performance of Alpine Income Property Trust compared to its peers.
  • Companies like Simon Property Group (SPG) or Prologis (PLD) are examples of large REITs that are often benchmarks for the industry.

Stakeholder Impact

  • Shareholders of Alpine Income Property Trust may view the increased stake by CTO Realty Growth positively.

Key Dates

DateDescription
February 28, 2023Date of adoption of Rule 10b5-1 trading plan by CTO Realty Growth.
June 13, 2024Date of purchase of 830 shares of Alpine Income Property Trust.
June 14, 2024Date of purchase of 7,900 shares of Alpine Income Property Trust.
June 17, 2024Date of signature of the Form 4 filing.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.