Alpine Income Property Trust, Inc. (NYSE:PINE) Stock Holdings Reduced by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its position in Alpine Income Property Trust, Inc. (NYSE:PINE) by 11.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,376 shares of the company’s stock after selling 2,368 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.13% of Alpine Income Property Trust worth $318,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Alpine Income Property Trust in the fourth quarter valued at about $117,000. Sound Income Strategies LLC grew its stake in Alpine Income Property Trust by 7.6% in the fourth quarter. Sound Income Strategies LLC now owns 574,075 shares of the company’s stock valued at $9,708,000 after purchasing an additional 40,536 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Alpine Income Property Trust by 47.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 73,452 shares of the company’s stock valued at $1,242,000 after purchasing an additional 23,595 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Alpine Income Property Trust by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 731,382 shares of the company’s stock worth $11,965,000 after acquiring an additional 22,618 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its stake in shares of Alpine Income Property Trust by 14.4% during the 3rd quarter. Penserra Capital Management LLC now owns 29,426 shares of the company’s stock worth $481,000 after acquiring an additional 3,710 shares in the last quarter. Hedge funds and other institutional investors own 60.50% of the company’s stock.

Alpine Income Property Trust Price Performance

Shares of NYSE:PINE opened at $15.23 on Friday. The business has a 50 day moving average price of $15.49 and a 200 day moving average price of $15.98. Alpine Income Property Trust, Inc. has a twelve month low of $14.25 and a twelve month high of $17.72. The company has a market cap of $207.43 million, a price-to-earnings ratio of 80.16, a PEG ratio of 1.65 and a beta of 0.80. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 1.00.

Alpine Income Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.275 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.10 annualized dividend and a yield of 7.22%. Alpine Income Property Trust’s dividend payout ratio (DPR) is 578.98%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PINE. Alliance Global Partners began coverage on Alpine Income Property Trust in a research note on Thursday. They set a “buy” rating and a $19.00 price target for the company. Jonestrading decreased their price target on Alpine Income Property Trust from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, February 12th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alpine Income Property Trust has an average rating of “Buy” and a consensus target price of $19.60.

Alpine Income Property Trust Company Profile

Alpine Income Property Trust, Inc (NYSE: PINE) is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased properties that are predominately leased to high-quality publicly traded and credit-rated tenants.