24,230 Shares in Alpine Income Property Trust, Inc. (NYSE:PINE) Acquired by Martingale Asset Management L P

Martingale Asset Management L P purchased a new stake in Alpine Income Property Trust, Inc. (NYSE:PINE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 24,230 shares of the company’s stock, valued at approximately $441,000. Martingale Asset Management L P owned 0.17% of Alpine Income Property Trust as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new stake in shares of Alpine Income Property Trust in the 2nd quarter valued at $647,000. Sound Income Strategies LLC raised its holdings in shares of Alpine Income Property Trust by 8.3% during the third quarter. Sound Income Strategies LLC now owns 795,428 shares of the company’s stock valued at $14,477,000 after purchasing an additional 60,659 shares during the period. Vanguard Group Inc. boosted its position in shares of Alpine Income Property Trust by 0.9% during the 1st 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 in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of 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 valued at $1,825,000 after buying an additional 8,332 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in Alpine Income Property Trust during the 2nd quarter worth approximately $352,000. 60.50% of the stock is owned by institutional investors and hedge funds.

Alpine Income Property Trust Trading Down 0.1 %

NYSE:PINE opened at $17.71 on Wednesday. Alpine Income Property Trust, Inc. has a 52 week low of $14.32 and a 52 week high of $19.42. The firm has a 50-day moving average price of $17.83 and a two-hundred day moving average price of $17.10. The firm has a market cap of $252.72 million, a price-to-earnings ratio of 80.50, a price-to-earnings-growth ratio of 1.72 and a beta of 0.79. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.85 and a current ratio of 3.85.

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

Alpine Income Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, December 12th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.12 annualized dividend and a yield of 6.32%. Alpine Income Property Trust’s payout ratio is currently 509.11%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PINE. Stifel Nicolaus raised their price objective on 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. 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. Raymond James lifted 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 Wednesday, August 21st. Robert W. Baird upped their target price on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, UBS Group began coverage on Alpine Income Property Trust in a research note on Monday, October 14th. They set a “neutral” rating and a $19.00 price target for the company. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $19.25.

Insider Buying and Selling

In other Alpine Income Property Trust news, Director Wein Rachel Elias sold 2,000 shares of the firm’s 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 directly owns 9,492 shares of the company’s stock, valued at $170,856. This trade represents a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders sold 3,500 shares of company stock worth $62,975. Insiders own 0.74% of the company’s stock.

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.