Foundry Partners LLC Sells 2,845 Shares of Alpine Income Property Trust, Inc. (NYSE:PINE)

Foundry Partners LLC reduced its stake in Alpine Income Property Trust, Inc. (NYSE:PINE) by 1.8% in the 4th quarter, HoldingsChannel reports. The firm owned 156,630 shares of the company’s stock after selling 2,845 shares during the quarter. Foundry Partners LLC’s holdings in Alpine Income Property Trust were worth $2,649,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PINE. Allspring Global Investments Holdings LLC acquired a new position in shares of Alpine Income Property Trust during the third quarter valued at about $70,000. Nisa Investment Advisors LLC grew its holdings in shares of Alpine Income Property Trust by 52.0% during the third quarter. Nisa Investment Advisors LLC now owns 5,113 shares of the company’s stock valued at $84,000 after buying an additional 1,750 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Alpine Income Property Trust during the fourth quarter valued at about $117,000. Private Advisor Group LLC grew its holdings in shares of Alpine Income Property Trust by 19.5% during the third quarter. Private Advisor Group LLC now owns 13,542 shares of the company’s stock valued at $222,000 after buying an additional 2,207 shares during the last quarter. Finally, Penserra Capital Management LLC grew its holdings in shares of Alpine Income Property Trust by 14.4% during the third quarter. Penserra Capital Management LLC now owns 29,426 shares of the company’s stock valued at $481,000 after buying an additional 3,710 shares during the last quarter. 60.50% of the stock is owned by institutional investors.

Alpine Income Property Trust Stock Up 2.8 %

Alpine Income Property Trust stock opened at $15.29 on Tuesday. Alpine Income Property Trust, Inc. has a fifty-two week low of $14.25 and a fifty-two week high of $17.72. The firm’s 50-day simple moving average is $15.43 and its 200 day simple moving average is $15.92. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 1.31.

Alpine Income Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 7.19%. The ex-dividend date was Wednesday, March 13th. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently -2,750.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PINE. Jonestrading reduced their price objective on shares of Alpine Income Property Trust from $19.00 to $18.00 and set a “buy” rating for the company in a report on Friday. BTIG Research reduced their price objective on shares of Alpine Income Property Trust from $23.00 to $19.00 and set a “buy” rating for the company in a report on Monday. Stifel Nicolaus cut their price target on shares of Alpine Income Property Trust from $19.00 to $18.75 and set a “buy” rating on the stock in a report on Friday. Finally, Alliance Global Partners initiated coverage on shares of Alpine Income Property Trust in a report on Thursday, April 11th. They set a “buy” rating and a $19.00 price target on the stock. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alpine Income Property Trust has an average rating of “Buy” and an average target price of $18.35.

Alpine Income Property Trust 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.