Alpine Income Property Trust, Inc. (NYSE:PINE) Sees Large Growth in Short Interest

Alpine Income Property Trust, Inc. (NYSE:PINE) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 309,095 shares, an increase of 18.0% from the February 26th total of 261,956 shares. Approximately 2.1% of the shares of the company are sold short. Based on an average daily trading volume, of 242,030 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Investors Weigh In On Alpine Income Property Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. Atlantic Union Bankshares Corp purchased a new position in shares of Alpine Income Property Trust in the third quarter worth $25,000. Triumph Capital Management purchased a new position in Alpine Income Property Trust during the fourth quarter valued at $33,000. Key Capital Management INC purchased a new position in Alpine Income Property Trust during the fourth quarter valued at $38,000. Strs Ohio bought a new stake in Alpine Income Property Trust in the 1st quarter valued at $42,000. Finally, PNC Financial Services Group Inc. lifted its stake 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 in the last quarter. Institutional investors own 60.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Zacks Research raised Alpine Income Property Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. Weiss Ratings raised shares of Alpine Income Property Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, January 27th. Stifel Nicolaus raised their target price on shares of Alpine Income Property Trust from $19.00 to $20.50 and gave the stock a “buy” rating in a research note on Friday, February 6th. Cantor Fitzgerald raised shares of Alpine Income Property Trust to a “strong-buy” rating in a report on Wednesday, February 4th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Alpine Income Property Trust in a research report on Friday, February 6th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $20.21.

Alpine Income Property Trust Price Performance

NYSE:PINE traded down $0.02 on Tuesday, reaching $17.98. 111,751 shares of the company’s stock traded hands, compared to its average volume of 183,025. The stock has a 50-day simple moving average of $18.98 and a 200-day simple moving average of $16.85. Alpine Income Property Trust has a 12 month low of $13.10 and a 12 month high of $20.80. The firm has a market cap of $271.38 million, a PE ratio of -78.19, a P/E/G ratio of 1.23 and a beta of 0.54. The company has a quick ratio of 4.95, a current ratio of 4.95 and a debt-to-equity ratio of 1.25.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.43). Alpine Income Property Trust had a negative return on equity of 1.00% and a negative net margin of 4.39%.The business had revenue of $16.90 million during the quarter, compared to the consensus estimate of $15.28 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.090-2.130 EPS. Equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th will be paid 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 currently -521.74%.

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.