Heartland Advisors Inc. purchased a new position in shares of Alpine Income Property Trust, Inc. (NYSE:PINE – Free Report) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 455,175 shares of the company’s stock, valued at approximately $9,449,000.
A number of other hedge funds and other institutional investors have also modified their holdings of PINE. BlackRock Inc. purchased a new position in shares of Alpine Income Property Trust during the second quarter valued at approximately $28,048,000. Invesco Ltd. grew its stake in Alpine Income Property Trust by 1,344.2% in the 4th quarter. Invesco Ltd. now owns 441,935 shares of the company’s stock worth $7,389,000 after acquiring an additional 411,334 shares during the period. AlphaCentric Advisors LLC acquired a new position in Alpine Income Property Trust in the 4th quarter valued at $1,884,000. Bank of New York Mellon Corp acquired a new position in Alpine Income Property Trust in the 2nd quarter valued at $1,813,000. Finally, Raymond James Financial Inc. lifted its stake in shares of Alpine Income Property Trust by 74.0% during the 3rd quarter. Raymond James Financial Inc. now owns 141,315 shares of the company’s stock worth $2,002,000 after purchasing an additional 60,115 shares during the period. 60.50% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Alpine Income Property Trust
In other news, Director Andrew C. Richardson sold 2,832 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $19.96, for a total value of $56,526.72. Following the transaction, the director directly owned 9,544 shares in the company, valued at $190,498.24. This trade represents a 22.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 6,332 shares of company stock valued at $126,172. Company insiders own 0.60% of the company’s stock.
Alpine Income Property Trust Stock Down 0.7%
Alpine Income Property Trust (NYSE:PINE – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $20.00 million during the quarter, compared to the consensus estimate of $18.85 million. Alpine Income Property Trust had a return on equity of 2.11% and a net margin of 9.36%.Alpine Income Property Trust has set its FY 2026 guidance at 2.120-2.150 EPS. On average, analysts anticipate that Alpine Income Property Trust, Inc. will post 2.16 EPS for the current year.
Alpine Income Property Trust Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.32 per share. This is a boost from Alpine Income Property Trust’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 6.6%. The ex-dividend date is Thursday, September 10th. Alpine Income Property Trust’s payout ratio is currently 631.58%.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on PINE. Zacks Research cut Alpine Income Property Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Stifel Nicolaus upped their target price on Alpine Income Property Trust from $21.50 to $22.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Weiss Ratings upgraded Alpine Income Property Trust from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Huntington began coverage on Alpine Income Property Trust in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $23.00 price target on the stock. Finally, Alliance Global Partners restated a “buy” rating on shares of Alpine Income Property Trust in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.50.
Read Our Latest Stock Report on PINE
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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