Gabelli Funds LLC Buys 41,280 Shares of Alpine Income Property Trust, Inc. $PINE

Gabelli Funds LLC increased its stake in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) by 25.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 205,016 shares of the company’s stock after purchasing an additional 41,280 shares during the quarter. Gabelli Funds LLC’s holdings in Alpine Income Property Trust were worth $3,428,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. State of New Jersey Common Pension Fund D grew its position in Alpine Income Property Trust by 7.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 208,703 shares of the company’s stock worth $3,490,000 after acquiring an additional 15,000 shares during the last quarter. Jeppson Wealth Management LLC grew its position in Alpine Income Property Trust by 8.7% during the 4th quarter. Jeppson Wealth Management LLC now owns 15,341 shares of the company’s stock worth $257,000 after acquiring an additional 1,224 shares during the last quarter. Key Capital Management INC bought a new position in Alpine Income Property Trust during the 4th quarter worth approximately $38,000. State of Alaska Department of Revenue grew its position in Alpine Income Property Trust by 36.7% during the 4th quarter. State of Alaska Department of Revenue now owns 8,383 shares of the company’s stock worth $138,000 after acquiring an additional 2,249 shares during the last quarter. Finally, Sound Income Strategies LLC grew its position in shares of Alpine Income Property Trust by 8.0% in the 4th 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. 60.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PINE shares. JonesTrading reiterated a “buy” rating and issued a $22.00 price objective on shares of Alpine Income Property Trust in a research report on Friday, April 24th. Cantor Fitzgerald upgraded Alpine Income Property Trust to a “strong-buy” rating in a research report on Wednesday, February 4th. B. Riley Financial reiterated a “buy” rating on shares of Alpine Income Property Trust in a research report on Thursday, February 5th. Zacks Research lowered Alpine Income Property Trust from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, iA Financial set a $21.00 price objective on Alpine Income Property Trust in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $20.21.

Alpine Income Property Trust Price Performance

Shares of PINE stock opened at $19.06 on Friday. The firm has a market cap of $314.87 million, a P/E ratio of -211.75, a P/E/G ratio of 1.28 and a beta of 0.56. Alpine Income Property Trust, Inc. has a fifty-two week low of $13.10 and a fifty-two week high of $20.80. The business’s 50 day moving average price is $18.95 and its 200-day moving average price is $18.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.45 and a current ratio of 2.45.

Alpine Income Property Trust (NYSE:PINE) last released its earnings results on Thursday, April 23rd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $18.41 million during the quarter, compared to analysts’ expectations 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. On average, equities research analysts anticipate that Alpine Income Property Trust, Inc. will post 2.14 earnings per share for the current year.

Insider Activity at Alpine Income Property Trust

In other news, Director Andrew C. Richardson sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $19.35, for a total value of $58,050.00. Following the completion of the transaction, the director owned 14,376 shares in the company, valued at $278,175.60. This trade represents a 17.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by insiders.

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.