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

Alpine Income Property Trust, Inc. (NYSE:PINE) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 243,203 shares, a decrease of 19.3% from the December 31st total of 301,378 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average daily trading volume, of 157,757 shares, the short-interest ratio is currently 1.5 days. Based on an average daily trading volume, of 157,757 shares, the short-interest ratio is currently 1.5 days. Currently, 1.7% of the company’s stock are short sold.

Hedge Funds Weigh In On Alpine Income Property Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of PINE. JPMorgan Chase & Co. raised its position in shares of Alpine Income Property Trust by 5.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,396 shares of the company’s stock worth $204,000 after purchasing an additional 788 shares during the period. Alliancebernstein L.P. grew its stake in Alpine Income Property Trust by 7.3% during the 3rd quarter. Alliancebernstein L.P. now owns 14,790 shares of the company’s stock worth $210,000 after buying an additional 1,000 shares during the last quarter. Jeppson Wealth Management LLC increased its position in Alpine Income Property Trust by 8.7% in the fourth quarter. Jeppson Wealth Management LLC now owns 15,341 shares of the company’s stock worth $257,000 after buying an additional 1,224 shares during the period. Exchange Traded Concepts LLC lifted its stake in Alpine Income Property Trust by 5.5% in the third quarter. Exchange Traded Concepts LLC now owns 32,145 shares of the company’s stock valued at $455,000 after buying an additional 1,689 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Alpine Income Property Trust during the third quarter valued at $25,000. 60.50% of the stock is currently owned by institutional investors and hedge funds.

Alpine Income Property Trust Stock Performance

PINE traded up $0.06 during trading hours on Monday, hitting $17.68. 150,765 shares of the stock were exchanged, compared to its average volume of 143,929. The stock has a market cap of $250.37 million, a price-to-earnings ratio of -50.50 and a beta of 0.58. The stock has a 50-day simple moving average of $17.15 and a 200-day simple moving average of $15.54. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.74 and a quick ratio of 0.74. Alpine Income Property Trust has a 12 month low of $13.10 and a 12 month high of $18.32.

Alpine Income Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, December 11th were given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Thursday, December 11th. Alpine Income Property Trust’s dividend payout ratio is currently -325.71%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Jones Trading reiterated a “buy” rating and issued a $19.00 price target on shares of Alpine Income Property Trust in a research note on Monday, October 27th. Alliance Global Partners reaffirmed a “neutral” rating on shares of Alpine Income Property Trust in a research report on Monday, November 17th. Zacks Research upgraded Alpine Income Property Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 20th. Weiss Ratings upgraded shares of Alpine Income Property Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 27th. Finally, Industrial Alliance Securities set a $18.50 price objective on shares of Alpine Income Property Trust in a research note on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.88.

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.