Andrew Richardson Sells 3,000 Shares of Alpine Income Property Trust (NYSE:PINE) Stock

Alpine Income Property Trust, Inc. (NYSE:PINE) Director Andrew Richardson sold 3,000 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $19.35, for a total transaction of $58,050.00. Following the completion of the transaction, the director owned 14,376 shares of the company’s stock, valued at approximately $278,175.60. This represents a 17.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Alpine Income Property Trust Trading Down 0.2%

Shares of Alpine Income Property Trust stock opened at $19.11 on Wednesday. The stock has a market capitalization of $315.70 million, a P/E ratio of -212.31, a price-to-earnings-growth ratio of 1.28 and a beta of 0.56. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 1.08. The company has a 50-day simple moving average of $19.03 and a 200 day simple moving average of $17.88. Alpine Income Property Trust, Inc. has a 12-month low of $13.10 and a 12-month high of $20.80.

Alpine Income Property Trust (NYSE:PINE) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). The company had revenue of $18.41 million during the quarter, compared to analyst estimates of $17.62 million. Alpine Income Property Trust had a net margin of 1.09% and a return on equity of 0.25%. Alpine Income Property Trust has set its FY 2026 guidance at 2.110-2.150 EPS. Research analysts expect that Alpine Income Property Trust, Inc. will post 2.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PINE shares. JonesTrading reissued a “buy” rating and set a $22.00 price objective on shares of Alpine Income Property Trust in a research note on Friday, April 24th. Wall Street Zen raised shares of Alpine Income Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Cantor Fitzgerald raised shares of Alpine Income Property Trust to a “strong-buy” rating in a research note on Wednesday, February 4th. Raymond James Financial raised shares of Alpine Income Property Trust from an “outperform” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a research note on Tuesday, March 17th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Alpine Income Property Trust in a research note on Friday, April 24th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $20.36.

Institutional Trading of Alpine Income Property Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in PINE. Invesco Ltd. raised its holdings in shares of Alpine Income Property Trust by 1,344.2% in the fourth quarter. Invesco Ltd. now owns 441,935 shares of the company’s stock valued at $7,389,000 after purchasing an additional 411,334 shares during the last quarter. Heartland Advisors Inc. raised its holdings in shares of Alpine Income Property Trust by 25.1% in the third quarter. Heartland Advisors Inc. now owns 692,400 shares of the company’s stock valued at $9,811,000 after purchasing an additional 138,770 shares during the last quarter. AlphaCentric Advisors LLC acquired a new stake in shares of Alpine Income Property Trust in the fourth quarter valued at approximately $1,884,000. Sound Income Strategies LLC raised 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 valued at $21,349,000 after purchasing an additional 90,320 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of Alpine Income Property Trust by 74.0% in the third quarter. Raymond James Financial Inc. now owns 141,315 shares of the company’s stock valued at $2,002,000 after purchasing an additional 60,115 shares during the last quarter. 60.50% of the stock is currently owned by institutional investors and hedge funds.

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.