Globeflex Capital L P Invests $1.53 Million in Alpine Income Property Trust, Inc. $PINE

Globeflex Capital L P acquired a new position in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 73,955 shares of the company’s stock, valued at approximately $1,535,000. Globeflex Capital L P owned 0.42% of Alpine Income Property Trust as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PINE. Jane Street Group LLC boosted its holdings in Alpine Income Property Trust by 55.9% during the first quarter. Jane Street Group LLC now owns 22,479 shares of the company’s stock worth $376,000 after buying an additional 8,061 shares during the last quarter. Strs Ohio acquired a new position in shares of Alpine Income Property Trust during the 1st quarter worth about $42,000. Geode Capital Management LLC increased its stake 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 acquiring an additional 17,947 shares during the last quarter. Rhumbline Advisers increased its stake 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 acquiring an additional 7,529 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Alpine Income Property Trust by 42.3% in the 2nd quarter. Hsbc Holdings PLC now owns 27,866 shares of the company’s stock valued at $412,000 after acquiring an additional 8,278 shares during the period. Institutional investors own 60.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PINE. Alliance Global Partners reissued a “buy” rating on shares of Alpine Income Property Trust in a research note on Friday, July 24th. Huntington assumed 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 for the company. Truist Financial reduced their price target on shares of Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, May 21st. Stifel Nicolaus boosted their price target on shares of Alpine Income Property Trust from $21.50 to $22.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Weiss Ratings upgraded shares of Alpine Income Property Trust from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Alpine Income Property Trust has a consensus rating of “Moderate Buy” and an average target price of $21.50.

Alpine Income Property Trust Price Performance

Shares of PINE opened at $19.94 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a 50 day simple moving average of $20.20 and a 200 day simple moving average of $19.60. Alpine Income Property Trust, Inc. has a 52-week low of $13.10 and a 52-week high of $21.99. The firm has a market capitalization of $351.31 million, a PE ratio of 104.94, a P/E/G ratio of 1.29 and a beta of 0.54.

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

Alpine Income Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.28 annualized dividend and a dividend yield of 6.4%. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.30. Alpine Income Property Trust’s dividend payout ratio (DPR) is 631.58%.

Insider Activity at Alpine Income Property Trust

In other news, Director Andrew C. Richardson sold 2,000 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $20.28, for a total value of $40,560.00. Following the sale, the director directly owned 8,425 shares in the company, valued at $170,859. The trade was a 19.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.

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.