Globeflex Capital L P Has $1.24 Million Stock Holdings in Alpine Income Property Trust, Inc. $PINE

Globeflex Capital L P increased its position in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) by 83.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 73,955 shares of the company’s stock after purchasing an additional 33,536 shares during the period. Globeflex Capital L P’s holdings in Alpine Income Property Trust were worth $1,237,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PINE. Jane Street Group LLC boosted its position in shares of Alpine Income Property Trust by 55.9% during the 1st quarter. Jane Street Group LLC now owns 22,479 shares of the company’s stock worth $376,000 after acquiring an additional 8,061 shares in the last quarter. Strs Ohio acquired a new stake in shares of Alpine Income Property Trust during the 1st quarter worth approximately $42,000. Geode Capital Management LLC boosted its position 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 acquiring an additional 17,947 shares in the last quarter. Rhumbline Advisers boosted its position 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 acquiring an additional 7,529 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in 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 purchasing an additional 8,278 shares during the last quarter. Institutional investors and hedge funds own 60.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PINE. Truist Financial dropped their price objective on shares of Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, May 21st. Stifel Nicolaus set a $21.50 price objective on shares of Alpine Income Property Trust in a research note on Friday, April 24th. Raymond James Financial raised shares of Alpine Income Property Trust from an “outperform” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research note on Tuesday, March 17th. B. Riley Financial reissued a “buy” rating on shares of Alpine Income Property Trust in a research note on Thursday, February 5th. Finally, iA Financial set a $21.00 price objective on shares of Alpine Income Property Trust in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Alpine Income Property Trust presently has an average rating of “Moderate Buy” and a consensus price target of $20.21.

Insider Activity

In other news, Director Andrew C. Richardson sold 3,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $19.35, for a total transaction of $58,050.00. Following the completion of the transaction, the director owned 14,376 shares of the company’s stock, valued at approximately $278,175.60. This trade represents a 17.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 7,750 shares of company stock worth $146,455 over the last ninety days. 0.60% of the stock is currently owned by company insiders.

Alpine Income Property Trust Price Performance

Shares of NYSE:PINE opened at $19.27 on Friday. The firm has a 50 day simple moving average of $19.07 and a 200 day simple moving average of $18.37. The company has a market cap of $318.34 million, a price-to-earnings ratio of -214.09, a PEG ratio of 1.27 and a beta of 0.56. Alpine Income Property Trust, Inc. has a one year low of $13.10 and a one year high of $20.80. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.45 and a quick ratio of 2.45.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). The business had revenue of $18.41 million for the quarter, compared to the consensus estimate of $17.62 million. Alpine Income Property Trust had a net margin of 1.09% and a return on equity of 0.25%. Alpine Income Property Trust has set its FY 2026 guidance at 2.110-2.150 EPS. Research analysts predict that Alpine Income Property Trust, Inc. will post 2.14 earnings per share for the current fiscal year.

Alpine Income Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $1.20 annualized dividend and a dividend yield of 6.2%. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently -1,333.33%.

Alpine Income Property Trust 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.