Globeflex Capital L P Invests $1.53 Million in Alpine Income Property Trust, Inc. $PINE

Globeflex Capital L P bought a new position in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 73,955 shares of the company’s stock, valued at approximately $1,535,000.

Other hedge funds have also added to or reduced their stakes in the company. Jane Street Group LLC increased its stake in Alpine Income Property Trust by 55.9% in the 1st quarter. Jane Street Group LLC now owns 22,479 shares of the company’s stock valued at $376,000 after buying an additional 8,061 shares during the last quarter. Strs Ohio bought a new stake in Alpine Income Property Trust during the 1st quarter worth about $42,000. Geode Capital Management LLC boosted its stake in shares of Alpine Income Property Trust by 5.8% during the 2nd quarter. Geode Capital Management LLC now owns 327,734 shares of the company’s stock worth $4,822,000 after buying an additional 17,947 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Alpine Income Property Trust by 36.5% during the 2nd quarter. Rhumbline Advisers now owns 28,181 shares of the company’s stock worth $415,000 after buying an additional 7,529 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Alpine Income Property Trust by 42.3% in the 2nd quarter. Hsbc Holdings PLC now owns 27,866 shares of the company’s stock valued at $412,000 after acquiring an additional 8,278 shares in the last quarter. Institutional investors own 60.50% of the company’s stock.

Analyst Upgrades and Downgrades

PINE has been the topic of a number of recent research reports. Weiss Ratings raised Alpine Income Property Trust from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Zacks Research downgraded Alpine Income Property Trust from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Robert W. Baird reaffirmed a “neutral” rating and set a $21.00 price target (up from $18.00) on shares of Alpine Income Property Trust in a research report on Monday, June 29th. Stifel Nicolaus boosted their price target on 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, Alliance Global Partners reiterated a “buy” rating on shares of Alpine Income Property Trust in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

Alpine Income Property Trust Price Performance

NYSE:PINE opened at $19.94 on Tuesday. The company has a market cap of $351.31 million, a P/E ratio of 104.94, a P/E/G ratio of 1.29 and a beta of 0.54. The firm’s fifty day moving average price is $20.20 and its two-hundred day moving average price is $19.60. Alpine Income Property Trust, Inc. has a one year low of $13.10 and a one year high of $21.99. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.85 and a quick ratio of 1.85.

Alpine Income Property Trust (NYSE:PINE) last posted its earnings results on Thursday, July 23rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $20.00 million during the quarter, compared to analysts’ expectations of $18.85 million. Alpine Income Property Trust had a net margin of 9.36% and a return on equity of 2.11%. Alpine Income Property Trust has set its FY 2026 guidance at 2.120-2.150 EPS. Equities analysts expect that Alpine Income Property Trust, Inc. will post 2.16 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 6.4%. This is a boost from Alpine Income Property Trust’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, September 10th. Alpine Income Property Trust’s dividend payout ratio (DPR) is 631.58%.

Insider Activity

In other news, Director Andrew C. Richardson sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $20.28, for a total transaction of $40,560.00. Following the completion of the sale, the director owned 8,425 shares in the company, valued at $170,859. The trade was a 19.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Alpine Income Property Trust Company Profile

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.