Alpine Income Property Trust, Inc. (NYSE:PINE) Shares Bought by Tidal Investments LLC

Tidal Investments LLC raised its position in Alpine Income Property Trust, Inc. (NYSE:PINE) by 7.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,906 shares of the company’s stock after buying an additional 1,578 shares during the period. Tidal Investments LLC owned about 0.16% of Alpine Income Property Trust worth $417,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PINE. Public Employees Retirement System of Ohio acquired a new position in Alpine Income Property Trust in the 3rd quarter worth about $64,000. Truvestments Capital LLC acquired a new position in shares of Alpine Income Property Trust during the 3rd quarter worth approximately $143,000. Virtu Financial LLC purchased a new position in shares of Alpine Income Property Trust during the 3rd quarter valued at approximately $200,000. Quadrature Capital Ltd acquired a new stake in Alpine Income Property Trust in the 3rd quarter valued at $239,000. Finally, Rhumbline Advisers increased its holdings in Alpine Income Property Trust by 8.0% in the 2nd quarter. Rhumbline Advisers now owns 17,197 shares of the company’s stock worth $268,000 after acquiring an additional 1,272 shares in the last quarter. Institutional investors and hedge funds own 60.50% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on PINE. Robert W. Baird increased their price objective on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Monday, October 21st. UBS Group started coverage on Alpine Income Property Trust in a report on Monday, October 14th. They issued a “neutral” rating and a $19.00 price objective on the stock. Stifel Nicolaus upped their target price on shares of Alpine Income Property Trust from $19.75 to $20.25 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Alliance Global Partners increased their target price on shares of Alpine Income Property Trust from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $19.25.

Alpine Income Property Trust Trading Down 0.6 %

Shares of PINE opened at $16.29 on Tuesday. Alpine Income Property Trust, Inc. has a 12-month low of $14.32 and a 12-month high of $19.42. The firm has a market capitalization of $232.51 million, a P/E ratio of 74.05, a P/E/G ratio of 1.67 and a beta of 0.79. The firm has a 50-day moving average price of $17.69 and a 200 day moving average price of $17.27. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 1.03.

Alpine Income Property Trust (NYSE:PINE) last posted its quarterly earnings results on Thursday, October 17th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.19). The firm had revenue of $13.48 million during the quarter, compared to analysts’ expectations of $12.08 million. Alpine Income Property Trust had a net margin of 6.72% and a return on equity of 1.23%. During the same period last year, the company earned $0.37 EPS. Sell-side analysts forecast that Alpine Income Property Trust, Inc. will post 1.71 EPS for the current year.

Alpine Income Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 6.88%. The ex-dividend date is Thursday, December 12th. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently 509.09%.

Insider Transactions at Alpine Income Property Trust

In other Alpine Income Property Trust news, Director Wein Rachel Elias sold 2,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $18.00, for a total value of $36,000.00. Following the sale, the director now directly owns 9,492 shares of the company’s stock, valued at approximately $170,856. This represents a 17.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last ninety days, insiders sold 3,500 shares of company stock worth $62,975. 0.74% of the stock is currently owned by company insiders.

About Alpine Income Property Trust

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.