Alpine Income Property Trust, Inc. (NYSE:PINE) Stake Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in Alpine Income Property Trust, Inc. (NYSE:PINE) by 7.6% during the second quarter, HoldingsChannel reports. The fund owned 117,280 shares of the company’s stock after purchasing an additional 8,332 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Alpine Income Property Trust were worth $1,825,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PINE. Vanguard Group Inc. grew its stake in Alpine Income Property Trust by 0.9% in the first quarter. Vanguard Group Inc. now owns 755,563 shares of the company’s stock valued at $11,545,000 after purchasing an additional 6,522 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of Alpine Income Property Trust by 12.3% during the 2nd quarter. Sound Income Strategies LLC now owns 734,769 shares of the company’s stock worth $11,433,000 after purchasing an additional 80,725 shares in the last quarter. Heartland Advisors Inc. raised its stake in shares of Alpine Income Property Trust by 53.0% during the 1st quarter. Heartland Advisors Inc. now owns 611,900 shares of the company’s stock worth $9,350,000 after purchasing an additional 211,900 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Alpine Income Property Trust by 7.7% during the 1st quarter. Russell Investments Group Ltd. now owns 493,508 shares of the company’s stock worth $7,541,000 after purchasing an additional 35,151 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its stake in shares of Alpine Income Property Trust by 18.6% during the 1st quarter. Kennedy Capital Management LLC now owns 380,475 shares of the company’s stock worth $5,814,000 after purchasing an additional 59,674 shares in the last quarter. 60.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Raymond James raised their price target on Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Stifel Nicolaus raised their price target on Alpine Income Property Trust from $18.00 to $19.25 and gave the stock a “buy” rating in a research note on Friday, July 19th. B. Riley reaffirmed a “buy” rating and set a $20.00 price target (up from $19.50) on shares of Alpine Income Property Trust in a research note on Wednesday, July 24th. Finally, Truist Financial raised their price objective on Alpine Income Property Trust from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.89.

Alpine Income Property Trust Stock Performance

Shares of NYSE PINE opened at $17.90 on Friday. 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 business’s 50 day moving average is $17.96 and its two-hundred day moving average is $16.41. The company has a market cap of $243.98 million, a P/E ratio of -447.50, a P/E/G ratio of 1.76 and a beta of 0.80. Alpine Income Property Trust, Inc. has a 12 month low of $14.25 and a 12 month high of $19.42.

Alpine Income Property Trust (NYSE:PINE) last announced its quarterly earnings data on Thursday, July 18th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.38). Alpine Income Property Trust had a negative return on equity of 0.20% and a negative net margin of 1.16%. The firm had revenue of $12.49 million for the quarter, compared to analyst estimates of $12.10 million. During the same period in the previous year, the business posted $0.37 EPS. On average, equities analysts expect that Alpine Income Property Trust, Inc. will post 1.65 EPS for the current year.

Alpine Income Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 12th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 6.26%. The ex-dividend date of this dividend was Thursday, September 12th. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.28. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently -2,800.00%.

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.