Heartland Advisors Inc. Sells 228,080 Shares of Alpine Income Property Trust, Inc. $PINE

Heartland Advisors Inc. lowered its holdings in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) by 32.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 464,320 shares of the company’s stock after selling 228,080 shares during the quarter. Heartland Advisors Inc.’s holdings in Alpine Income Property Trust were worth $7,763,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC boosted its holdings in shares of Alpine Income Property Trust by 8.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,216,494 shares of the company’s stock worth $21,349,000 after buying an additional 90,320 shares during the last quarter. Raymond James Financial Inc. increased its holdings in Alpine Income Property Trust by 74.0% during the third quarter. Raymond James Financial Inc. now owns 141,315 shares of the company’s stock valued at $2,002,000 after buying an additional 60,115 shares during the last quarter. Gabelli Funds LLC increased its holdings in Alpine Income Property Trust by 25.2% during the fourth quarter. Gabelli Funds LLC now owns 205,016 shares of the company’s stock valued at $3,428,000 after buying an additional 41,280 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in Alpine Income Property Trust by 110.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 74,421 shares of the company’s stock worth $1,055,000 after acquiring an additional 39,079 shares during the period. Finally, Globeflex Capital L P boosted its stake in shares of Alpine Income Property Trust by 83.0% during the 4th quarter. Globeflex Capital L P now owns 73,955 shares of the company’s stock worth $1,237,000 after acquiring an additional 33,536 shares during the last quarter. Institutional investors own 60.50% of the company’s stock.

Alpine Income Property Trust Stock Performance

PINE opened at $20.21 on Thursday. The firm has a market cap of $333.94 million, a P/E ratio of -224.58, a PEG ratio of 1.32 and a beta of 0.56. Alpine Income Property Trust, Inc. has a 1-year low of $13.10 and a 1-year high of $20.80. The company has a 50 day simple moving average of $19.20 and a two-hundred day simple moving average of $18.47. 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 announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). Alpine Income Property Trust had a net margin of 1.09% and a return on equity of 0.25%. The firm had revenue of $18.41 million for the quarter, compared to the consensus estimate of $17.62 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.110-2.150 EPS. Equities analysts forecast that Alpine Income Property Trust, Inc. will post 2.14 earnings per share for the current fiscal year.

Alpine Income Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $1.20 dividend on an annualized basis and a yield of 5.9%. Alpine Income Property Trust’s dividend payout ratio (DPR) is currently -1,333.33%.

Insider Activity at Alpine Income Property Trust

In other news, Director Andrew C. Richardson sold 3,000 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $19.35, for a total value of $58,050.00. Following the transaction, the director directly owned 14,376 shares in the company, valued at $278,175.60. The trade was a 17.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 7,750 shares of company stock valued at $146,455 in the last quarter. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. 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. Truist Financial decreased their target price on Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday, May 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Alpine Income Property Trust in a research report on Friday, April 24th. JonesTrading reissued a “buy” rating and set a $22.00 price target on shares of Alpine Income Property Trust in a report on Friday, April 24th. Finally, Alliance Global Partners restated a “buy” rating on shares of Alpine Income Property Trust in a research report on Tuesday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.