Sound Income Strategies LLC Raises Stock Holdings in Alpine Income Property Trust, Inc. $PINE

Sound Income Strategies LLC increased its holdings in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) by 7.6% in the third quarter, Holdings Channel reports. The firm owned 1,126,174 shares of the company’s stock after buying an additional 79,119 shares during the quarter. Sound Income Strategies LLC owned 0.08% of Alpine Income Property Trust worth $15,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the business. Gabelli Funds LLC acquired a new position in Alpine Income Property Trust in the 2nd quarter valued at about $3,621,000. Truvestments Capital LLC grew its stake in shares of Alpine Income Property Trust by 2,385.0% in the 1st quarter. Truvestments Capital LLC now owns 192,363 shares of the company’s stock valued at $3,216,000 after purchasing an additional 184,622 shares during the last quarter. Penserra Capital Management LLC acquired a new position in shares of Alpine Income Property Trust in the second quarter valued at approximately $1,012,000. Acadian Asset Management LLC purchased a new stake in shares of Alpine Income Property Trust during the first quarter worth approximately $1,112,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Alpine Income Property Trust during the second quarter worth $467,000. Institutional investors and hedge funds own 60.50% of the company’s stock.

Alpine Income Property Trust Trading Down 0.5%

Shares of PINE stock opened at $16.55 on Friday. The stock has a market cap of $234.39 million, a P/E ratio of -47.29, a P/E/G ratio of 1.51 and a beta of 0.56. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.46. Alpine Income Property Trust, Inc. has a fifty-two week low of $13.10 and a fifty-two week high of $17.88. The business has a fifty day simple moving average of $15.84 and a 200-day simple moving average of $15.05.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings data on Thursday, October 23rd. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.52). The business had revenue of $14.56 million during the quarter, compared to analyst estimates of $14.67 million. Alpine Income Property Trust had a negative net margin of 8.86% and a negative return on equity of 1.96%. Alpine Income Property Trust has set its FY 2025 guidance at 1.820-1.850 EPS. On average, analysts forecast that Alpine Income Property Trust, Inc. will post 1.74 earnings per share for the current fiscal year.

Alpine Income Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Thursday, December 11th will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Thursday, December 11th. Alpine Income Property Trust’s payout ratio is currently -325.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Industrial Alliance Securities set a $18.50 price objective on shares of Alpine Income Property Trust in a research note on Monday, November 17th. Weiss Ratings reissued a “sell (d+)” rating on shares of Alpine Income Property Trust in a research note on Monday, December 15th. Alliance Global Partners reiterated a “neutral” rating on shares of Alpine Income Property Trust in a research report on Monday, November 17th. Jones Trading restated a “buy” rating and set a $19.00 target price on shares of Alpine Income Property Trust in a research report on Monday, October 27th. Finally, Zacks Research upgraded shares of Alpine Income Property Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Alpine Income Property Trust currently has an average rating of “Moderate Buy” and an average price target of $17.88.

Alpine Income Property Trust 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.