Renaissance Technologies LLC Grows Holdings in Alpine Income Property Trust, Inc. $PINE

Renaissance Technologies LLC lifted its stake in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) by 87.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,200 shares of the company’s stock after buying an additional 56,422 shares during the quarter. Renaissance Technologies LLC’s holdings in Alpine Income Property Trust were worth $2,182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in PINE. Public Employees Retirement System of Ohio increased its stake in shares of Alpine Income Property Trust by 70.4% in the first quarter. Public Employees Retirement System of Ohio now owns 25,222 shares of the company’s stock worth $454,000 after buying an additional 10,421 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Alpine Income Property Trust during the 1st quarter valued at $206,000. State of Wyoming acquired a new position in Alpine Income Property Trust during the 1st quarter worth $128,000. Cetera Investment Advisers acquired a new position in Alpine Income Property Trust during the 1st quarter worth $213,000. Finally, PNC Financial Services Group Inc. grew its holdings in Alpine Income Property Trust by 13.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,649 shares of the company’s stock worth $84,000 after acquiring an additional 552 shares in the last quarter. Institutional investors own 60.50% of the company’s stock.

Alpine Income Property Trust Price Performance

PINE opened at $19.41 on Tuesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.03. The company’s 50-day moving average price is $20.20 and its 200 day moving average price is $19.46. Alpine Income Property Trust, Inc. has a fifty-two week low of $13.10 and a fifty-two week high of $21.99. The firm has a market cap of $342.00 million, a price-to-earnings ratio of 102.16, a price-to-earnings-growth ratio of 1.32 and a beta of 0.54.

Alpine Income Property Trust (NYSE:PINE) last issued its earnings results on Thursday, July 23rd. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $20.00 million during the quarter, compared to the consensus estimate of $18.85 million. Alpine Income Property Trust had a return on equity of 2.11% and a net margin of 9.36%.Alpine Income Property Trust has set its FY 2026 guidance at 2.120-2.150 EPS. As a group, sell-side analysts expect that Alpine Income Property Trust, Inc. will post 2.16 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $0.32 per share. The ex-dividend date is Thursday, September 10th. This represents a $1.28 dividend on an annualized basis and a yield of 6.6%. 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 Buying and Selling

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 2,832 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $19.96, for a total value of $56,526.72. Following the sale, the director directly owned 9,544 shares of the company’s stock, valued at $190,498.24. This trade represents a 22.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 6,832 shares of company stock worth $135,607. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PINE shares. Huntington started coverage on shares of Alpine Income Property Trust in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $23.00 target price on the stock. Zacks Research downgraded Alpine Income Property Trust from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Stifel Nicolaus boosted their price objective on Alpine Income Property Trust from $21.50 to $22.00 and gave the company a “buy” rating in a report on Friday, July 24th. Truist Financial cut their price objective on Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Thursday, May 21st. Finally, JonesTrading increased their target price on Alpine Income Property Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.50.

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.