Hsbc Holdings PLC Buys New Position in Alpine Income Property Trust, Inc. $PINE

Hsbc Holdings PLC purchased a new position in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) during the second quarter, Holdings Channel reports. The firm purchased 60,957 shares of the company’s stock, valued at approximately $1,267,000.

Other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its stake in Alpine Income Property Trust by 55.9% in the first 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 purchased a new position in shares of Alpine Income Property Trust during the first quarter worth approximately $42,000. Geode Capital Management LLC grew its position in shares of Alpine Income Property Trust by 5.8% during the second 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 during the last quarter. Rhumbline Advisers grew its position in shares of Alpine Income Property Trust by 36.5% during the second quarter. Rhumbline Advisers now owns 28,181 shares of the company’s stock worth $415,000 after acquiring an additional 7,529 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Alpine Income Property Trust in the 2nd quarter valued at $467,000. Institutional investors and hedge funds own 60.50% of the company’s stock.

Alpine Income Property Trust Stock Down 0.6%

PINE opened at $19.41 on Tuesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.85 and a quick ratio of 1.85. The business has a 50 day simple moving average of $20.22 and a 200-day simple moving average of $19.61. The stock has a market capitalization of $342.00 million, a P/E ratio of 102.16, a P/E/G ratio of 1.29 and a beta of 0.54. Alpine Income Property Trust, Inc. has a 12 month low of $13.10 and a 12 month high of $21.99.

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

Alpine Income Property Trust Increases Dividend

The business also recently announced 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 dividend yield of 6.6%. The ex-dividend date is Thursday, September 10th. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.30. Alpine Income Property Trust’s payout ratio is presently 631.58%.

Insider Activity at Alpine Income Property Trust

In other news, Director Andrew C. Richardson sold 2,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $20.28, for a total transaction of $40,560.00. Following the transaction, the director directly owned 8,425 shares of the company’s stock, valued at $170,859. This represents a 19.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on PINE. Zacks Research downgraded shares of Alpine Income Property Trust from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Alliance Global Partners reissued a “buy” rating on shares of Alpine Income Property Trust in a research report on Friday, July 24th. JonesTrading lifted their price objective on shares of Alpine Income Property Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Weiss Ratings upgraded shares of Alpine Income Property Trust from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Finally, Huntington assumed coverage on shares of Alpine Income Property Trust in a report on Wednesday, July 15th. They issued an “outperform” rating and a $23.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

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.