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. under a pre-arranged trading plan.

Summary

• CTO Realty Growth, Inc. has reported changes in its beneficial ownership of Alpine Income Property Trust, Inc. (PINE) common stock.
• On May 28, 2024, CTO Realty Growth acquired 191 shares of PINE at a price of $15 per share.
• On May 29, 2024, the company acquired an additional 103 shares at $14.97 per share.
• Following these transactions, CTO Realty Growth directly owns 935,703 shares and indirectly owns 173,405 shares through its wholly-owned subsidiary, CTO TRS Crisp39 LLC.
• The purchases were executed under a Rule 10b5-1 trading plan adopted on February 28, 2023.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing simply reports stock purchases under a pre-arranged plan. It indicates continued investment but doesn't necessarily signal strong positive or negative sentiment.

Positives

• The increased stake demonstrates CTO Realty Growth's continued investment in Alpine Income Property Trust.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, providing transparency to the market.

Stakeholder Impact

• The increased stake could be viewed positively by shareholders as it signals confidence from a major shareholder.

Key Dates