11,013 Shares in Alpine Income Property Trust, Inc. (NYSE:PINE) Purchased by Virtu Financial LLC

Virtu Financial LLC acquired a new position in Alpine Income Property Trust, Inc. (NYSE:PINE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,013 shares of the company’s stock, valued at approximately $200,000. Virtu Financial LLC owned 0.08% of Alpine Income Property Trust as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PINE. Public Employees Retirement System of Ohio bought a new stake in shares of Alpine Income Property Trust in the 3rd quarter worth approximately $64,000. Truvestments Capital LLC bought a new stake in shares of Alpine Income Property Trust in the third quarter valued at $143,000. Quadrature Capital Ltd purchased a new position in shares of Alpine Income Property Trust during the 3rd quarter valued at $239,000. 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 during the last quarter. Finally, Barclays PLC increased its holdings in Alpine Income Property Trust by 282.4% in the 3rd quarter. Barclays PLC now owns 16,411 shares of the company’s stock worth $299,000 after acquiring an additional 12,119 shares during the last quarter. 60.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PINE. Robert W. Baird increased 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 research report on Monday, October 21st. UBS Group began coverage on shares of Alpine Income Property Trust in a research note on Monday, October 14th. They issued a “neutral” rating and a $19.00 price objective for the company. Alliance Global Partners increased their target price on Alpine Income Property Trust from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Raymond James lifted their price target on 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, Stifel Nicolaus increased their price objective on Alpine Income Property Trust from $19.75 to $20.25 and gave the stock a “buy” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Alpine Income Property Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.25.

Alpine Income Property Trust Price Performance

Alpine Income Property Trust stock opened at $16.47 on Thursday. The stock has a market cap of $235.08 million, a price-to-earnings ratio of 74.87, a PEG ratio of 1.67 and a beta of 0.79. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 1.03. The business has a 50-day simple moving average of $17.74 and a 200 day simple moving average of $17.25. 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 issued its quarterly earnings data on Thursday, October 17th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.19). The business had revenue of $13.48 million for the quarter, compared to analysts’ expectations 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 period in the previous year, the firm posted $0.37 EPS. On average, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 6.80%. The ex-dividend date of this dividend is Thursday, December 12th. Alpine Income Property Trust’s dividend payout ratio (DPR) is currently 509.09%.

Insider Transactions at Alpine Income Property Trust

In other news, Director Wein Rachel Elias sold 2,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $18.00, for a total transaction of $36,000.00. Following the transaction, the director now directly owns 9,492 shares in the company, valued at approximately $170,856. This represents a 17.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In 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.

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.