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

Alpine Income Property Trust, Inc. (NYSE:PINE) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 467,827 shares, a growth of 160.6% from the June 15th total of 179,510 shares. Currently, 2.8% of the company’s stock are sold short. Based on an average daily trading volume, of 274,081 shares, the short-interest ratio is currently 1.7 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PINE shares. Weiss Ratings upgraded shares of Alpine Income Property Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 1st. JonesTrading reissued a “buy” rating and issued a $22.00 price target on shares of Alpine Income Property Trust in a research note on Friday, April 24th. Zacks Research lowered Alpine Income Property Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Robert W. Baird reiterated a “neutral” rating and set a $21.00 price objective (up from $18.00) on shares of Alpine Income Property Trust in a report on Monday, June 29th. Finally, Stifel Nicolaus set a $21.50 target price on Alpine Income Property Trust in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.31.

Alpine Income Property Trust Stock Performance

Shares of PINE opened at $20.38 on Tuesday. The stock has a market capitalization of $336.64 million, a price-to-earnings ratio of -226.40, a PEG ratio of 1.37 and a beta of 0.54. Alpine Income Property Trust has a 12 month low of $13.10 and a 12 month high of $21.32. The firm has a fifty day simple moving average of $19.70 and a 200 day simple moving average of $18.96. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 1.08.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.06 earnings per share (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 business had revenue of $18.41 million during the quarter, compared to analyst estimates of $17.62 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.110-2.150 EPS. Research analysts forecast that Alpine Income Property Trust will post 2.14 EPS for the current fiscal year.

Alpine Income Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 11th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.9%. Alpine Income Property Trust’s payout ratio is currently -1,333.33%.

Insiders Place Their Bets

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 3,000 shares of Alpine Income Property Trust stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $19.35, for a total value of $58,050.00. Following the transaction, the director owned 14,376 shares of the company’s stock, valued at approximately $278,175.60. The trade was a 17.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 7,832 shares of company stock valued at $153,097 over the last 90 days. Insiders own 0.60% of the company’s stock.

Institutional Trading of Alpine Income Property Trust

Several institutional investors and hedge funds have recently bought and sold shares of PINE. Jane Street Group LLC grew 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 purchasing an additional 8,061 shares in the last quarter. Strs Ohio bought a new stake in shares of Alpine Income Property Trust during the 1st quarter worth approximately $42,000. Geode Capital Management LLC boosted its holdings in shares of Alpine Income Property Trust by 5.8% in the 2nd quarter. Geode Capital Management LLC now owns 327,734 shares of the company’s stock valued at $4,822,000 after buying an additional 17,947 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Alpine Income Property Trust by 36.5% in the 2nd quarter. Rhumbline Advisers now owns 28,181 shares of the company’s stock valued at $415,000 after buying an additional 7,529 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Alpine Income Property Trust by 42.3% in the second quarter. Hsbc Holdings PLC now owns 27,866 shares of the company’s stock valued at $412,000 after buying an additional 8,278 shares in the last quarter. Institutional investors own 60.50% of the company’s stock.

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.