Foundry Partners LLC Decreases Stock Position in Alpine Income Property Trust, Inc. (NYSE:PINE)

Foundry Partners LLC lessened its stake in Alpine Income Property Trust, Inc. (NYSE:PINE) by 74.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,270 shares of the company’s stock after selling 132,515 shares during the period. Foundry Partners LLC’s holdings in Alpine Income Property Trust were worth $824,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC grew its holdings in Alpine Income Property Trust by 8.3% in the 3rd quarter. Sound Income Strategies LLC now owns 795,428 shares of the company’s stock worth $14,477,000 after acquiring an additional 60,659 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Alpine Income Property Trust by 0.9% in the first quarter. Vanguard Group Inc. now owns 755,563 shares of the company’s stock worth $11,545,000 after purchasing an additional 6,522 shares during the last quarter. Kennedy Capital Management LLC grew its stake in shares of Alpine Income Property Trust by 18.6% in the first 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 during the last quarter. State of New Jersey Common Pension Fund D raised its position in Alpine Income Property Trust by 8.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 188,703 shares of the company’s stock valued at $3,434,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Alpine Income Property Trust by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 117,280 shares of the company’s stock worth $1,825,000 after buying an additional 8,332 shares during the period. 60.50% of the stock is currently owned by hedge funds and other institutional investors.

Alpine Income Property Trust Price Performance

PINE stock opened at $18.00 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.85 and a current ratio of 3.85. The firm has a market capitalization of $256.86 million, a price-to-earnings ratio of 81.82, a PEG ratio of 1.73 and a beta of 0.80. The firm has a 50 day moving average price of $17.88 and a 200-day moving average price of $16.98. Alpine Income Property Trust, Inc. has a 52-week low of $14.32 and a 52-week high of $19.42.

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

Alpine Income Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.12 dividend on an annualized basis and a yield of 6.22%. Alpine Income Property Trust’s dividend payout ratio is currently 509.11%.

Insiders Place Their Bets

In other Alpine Income Property Trust news, Director Wein Rachel Elias sold 2,000 shares of Alpine Income Property Trust stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $18.00, for a total value of $36,000.00. Following the completion of the sale, the director now owns 9,492 shares of the company’s stock, valued at approximately $170,856. This trade represents a 17.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 3,500 shares of company stock valued at $62,975. Insiders own 0.74% of the company’s stock.

Analysts Set New Price Targets

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

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.