Alpine Income Property Trust, Inc. (NYSE:PINE) Short Interest Up 18.0% in March

Alpine Income Property Trust, Inc. (NYSE:PINE) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 309,095 shares, a growth of 18.0% from the February 26th total of 261,956 shares. Currently, 2.1% of the company’s stock are sold short. Based on an average daily trading volume, of 242,030 shares, the short-interest ratio is presently 1.3 days.

Hedge Funds Weigh In On Alpine Income Property Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Atlantic Union Bankshares Corp bought a new position in Alpine Income Property Trust in the third quarter worth approximately $25,000. Triumph Capital Management bought a new stake in shares of Alpine Income Property Trust during the 4th quarter valued at $33,000. Key Capital Management INC purchased a new stake in shares of Alpine Income Property Trust in the 4th quarter worth $38,000. Strs Ohio bought a new position in Alpine Income Property Trust in the 1st quarter worth $42,000. Finally, PNC Financial Services Group Inc. raised its holdings in Alpine Income Property Trust by 74.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,097 shares of the company’s stock worth $69,000 after purchasing an additional 1,746 shares during the period. Institutional investors own 60.50% of the company’s stock.

Alpine Income Property Trust Stock Down 0.1%

NYSE PINE traded down $0.02 during mid-day trading on Tuesday, reaching $17.98. The stock had a trading volume of 111,751 shares, compared to its average volume of 183,025. Alpine Income Property Trust has a 1 year low of $13.10 and a 1 year high of $20.80. The stock has a market cap of $271.38 million, a PE ratio of -78.19, a price-to-earnings-growth ratio of 1.23 and a beta of 0.54. The company has a fifty day moving average price of $18.98 and a 200 day moving average price of $16.85. The company has a debt-to-equity ratio of 1.25, a current ratio of 4.95 and a quick ratio of 4.95.

Alpine Income Property Trust (NYSE:PINE) last issued its earnings results on Thursday, February 5th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.43). Alpine Income Property Trust had a negative net margin of 4.39% and a negative return on equity of 1.00%. The business had revenue of $16.90 million for the quarter, compared to analysts’ expectations of $15.28 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.090-2.130 EPS. On average, research analysts expect that Alpine Income Property Trust will post 1.74 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 12th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.7%. The ex-dividend date is Thursday, March 12th. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.29. Alpine Income Property Trust’s dividend payout ratio is -521.74%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PINE. Alliance Global Partners reaffirmed a “buy” rating on shares of Alpine Income Property Trust in a research report on Friday, February 6th. Raymond James Financial raised Alpine Income Property Trust from an “outperform” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research note on Tuesday, March 17th. Stifel Nicolaus raised their price target on Alpine Income Property Trust from $19.00 to $20.50 and gave the company a “buy” rating in a report on Friday, February 6th. iA Financial set a $21.00 price target on Alpine Income Property Trust in a research report on Friday, February 6th. Finally, Truist Financial upped their price target on shares of Alpine Income Property Trust from $18.00 to $21.00 and gave the stock a “hold” rating in a research note on Wednesday, February 18th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Alpine Income Property Trust currently has an average rating of “Buy” and a consensus price target of $20.21.

About Alpine Income Property Trust

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.