Los Angeles Capital Management LLC Purchases Shares of 22,614 Alpine Income Property Trust, Inc. (NYSE:PINE)

Los Angeles Capital Management LLC purchased a new stake in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) in the second quarter, Holdings Channel.com reports. The firm purchased 22,614 shares of the company’s stock, valued at approximately $352,000.

Several other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its position in Alpine Income Property Trust by 7.7% during the first quarter. Russell Investments Group Ltd. now owns 493,508 shares of the company’s stock worth $7,541,000 after buying an additional 35,151 shares in the last quarter. Sound Income Strategies LLC raised its stake in Alpine Income Property Trust by 13.9% in the first quarter. Sound Income Strategies LLC now owns 654,044 shares of the company’s stock valued at $9,994,000 after purchasing an additional 79,969 shares in the last quarter. Kennedy Capital Management LLC lifted its position in Alpine Income Property Trust by 18.6% during the first quarter. Kennedy Capital Management LLC now owns 380,475 shares of the company’s stock valued at $5,814,000 after purchasing an additional 59,674 shares during the last quarter. Vanguard Group Inc. grew its stake in Alpine Income Property Trust by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 755,563 shares of the company’s stock worth $11,545,000 after buying an additional 6,522 shares in the last quarter. Finally, Guardian Wealth Management Inc. increased its holdings in shares of Alpine Income Property Trust by 3.0% in the 4th quarter. Guardian Wealth Management Inc. now owns 38,927 shares of the company’s stock worth $658,000 after buying an additional 1,138 shares during the last quarter. Institutional investors own 60.50% of the company’s stock.

Insider Transactions at Alpine Income Property Trust

In other Alpine Income Property Trust news, major shareholder Cto Realty Growth, Inc. bought 6,262 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was bought at an average price of $15.00 per share, for a total transaction of $93,930.00. Following the completion of the acquisition, the insider now directly owns 196,356 shares in the company, valued at $2,945,340. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have acquired 20,783 shares of company stock worth $311,441. 0.74% of the stock is currently owned by insiders.

Alpine Income Property Trust Stock Up 0.5 %

Shares of NYSE PINE opened at $18.40 on Friday. The firm’s fifty day moving average is $17.44 and its 200 day moving average is $16.08. Alpine Income Property Trust, Inc. has a 52 week low of $14.25 and a 52 week high of $19.42. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.00. The company has a market cap of $250.66 million, a price-to-earnings ratio of -460.00, a PEG ratio of 1.89 and a beta of 0.80.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings data on Thursday, July 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.38). The firm had revenue of $12.49 million during the quarter, compared to analysts’ expectations of $12.10 million. Alpine Income Property Trust had a negative net margin of 1.16% and a negative return on equity of 0.20%. During the same quarter in the previous year, the firm posted $0.37 EPS. On average, equities research analysts expect that Alpine Income Property Trust, Inc. will post 1.64 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 12th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.12 annualized dividend and a yield of 6.09%. This is a boost from Alpine Income Property Trust’s previous quarterly dividend of $0.28. Alpine Income Property Trust’s dividend payout ratio (DPR) is -2,800.00%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PINE. Raymond James lifted their price objective on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Truist Financial lifted their price target on Alpine Income Property Trust from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. Stifel Nicolaus increased their price objective on Alpine Income Property Trust from $18.00 to $19.25 and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, B. Riley restated a “buy” rating and issued a $20.00 target price (up previously from $19.50) on shares of Alpine Income Property Trust in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $18.89.

Alpine Income Property Trust Company Profile

Alpine Income Property Trust, Inc (NYSE: PINE) is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased properties that are predominately leased to high-quality publicly traded and credit-rated tenants.