Public Employees Retirement System of Ohio acquired a new stake in Alpine Income Property Trust, Inc. (NYSE:PINE – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 27,587 shares of the company’s stock, valued at approximately $573,000.
A number of other institutional investors also recently modified their holdings of PINE. BlackRock Inc. purchased a new stake in Alpine Income Property Trust in the second quarter worth about $28,048,000. Heartland Advisors Inc. purchased a new stake in shares of Alpine Income Property Trust in the second quarter worth $9,449,000. Invesco Ltd. grew its position in Alpine Income Property Trust by 1,344.2% during the 4th quarter. Invesco Ltd. now owns 441,935 shares of the company’s stock valued at $7,389,000 after purchasing an additional 411,334 shares during the last quarter. AlphaCentric Advisors LLC purchased a new stake in shares of Alpine Income Property Trust during the fourth quarter valued at approximately $1,884,000. Finally, Bank of New York Mellon Corp purchased a new stake in Alpine Income Property Trust during the 2nd quarter valued at $1,813,000. 60.50% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
PINE has been the subject of a number of research analyst reports. Zacks Research lowered shares of Alpine Income Property Trust from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Truist Financial lowered their price objective on shares of Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, May 21st. Alliance Global Partners restated a “buy” rating on shares of Alpine Income Property Trust in a report on Friday, July 24th. Stifel Nicolaus lifted their target price on shares of Alpine Income Property Trust from $21.50 to $22.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $21.00 target price (up from $18.00) on shares of Alpine Income Property Trust in a research report on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Alpine Income Property Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.
Insider Buying and Selling
In other Alpine Income Property Trust news, Director Andrew Richardson sold 2,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $20.28, for a total value of $40,560.00. Following the sale, the director owned 8,425 shares in the company, valued at $170,859. The trade was a 19.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by insiders.
Alpine Income Property Trust Stock Performance
NYSE:PINE opened at $18.49 on Friday. The stock has a 50-day simple moving average of $20.03 and a two-hundred day simple moving average of $19.56. The firm has a market capitalization of $325.72 million, a PE ratio of 97.30, a P/E/G ratio of 1.25 and a beta of 0.54. Alpine Income Property Trust, Inc. has a 52-week low of $13.10 and a 52-week high of $21.99. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.85 and a current ratio of 1.85.
Alpine Income Property Trust (NYSE:PINE – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Alpine Income Property Trust had a return on equity of 2.11% and a net margin of 9.36%.The business had revenue of $20.00 million for the quarter, compared to the consensus estimate of $18.85 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.120-2.150 EPS. Analysts forecast that Alpine Income Property Trust, Inc. will post 2.16 EPS for the current year.
Alpine Income Property Trust Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a $0.32 dividend. The ex-dividend date is Thursday, September 10th. This represents a $1.28 dividend on an annualized basis and a yield of 6.9%. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.30. Alpine Income Property Trust’s payout ratio is presently 631.58%.
About Alpine Income Property Trust
Alpine Income Property Trust, Inc is a publicly traded real estate investment trust that specializes in acquiring, owning and managing single-tenant net lease properties. The company focuses on sale-leaseback and build-to-suit transactions with food and beverage companies, targeting facilities that support production, distribution and processing operations. By structuring long-term, triple-net leases, Alpine Income Property Trust seeks to deliver stable, predictable cash flow while allowing tenants to unlock capital from real estate assets and reinvest in their core businesses.
The company’s portfolio is diversified across multiple U.S.
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