SG Americas Securities LLC Takes $117,000 Position in Alpine Income Property Trust, Inc. (NYSE:PINE)

SG Americas Securities LLC purchased a new stake in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,896 shares of the company’s stock, valued at approximately $117,000.

A number of other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new stake in Alpine Income Property Trust during the 4th quarter worth about $26,000. State of Wyoming bought a new position in shares of Alpine Income Property Trust during the 2nd quarter valued at about $29,000. JPMorgan Chase & Co. increased its position in shares of Alpine Income Property Trust by 17.5% during the 4th quarter. JPMorgan Chase & Co. now owns 4,275 shares of the company’s stock valued at $82,000 after purchasing an additional 636 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Alpine Income Property Trust during the 3rd quarter valued at about $70,000. Finally, California State Teachers Retirement System bought a new position in Alpine Income Property Trust during the 2nd quarter worth approximately $70,000. Hedge funds and other institutional investors own 60.50% of the company’s stock.

Wall Street Analyst Weigh In

PINE has been the topic of a number of recent analyst reports. Alliance Global Partners initiated coverage on Alpine Income Property Trust in a research report on Thursday, April 11th. They issued a “buy” rating and a $19.00 price objective on the stock. Jonestrading lowered their price objective 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 analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $19.60.

Alpine Income Property Trust Stock Up 0.1 %

Alpine Income Property Trust stock opened at $14.59 on Friday. The firm has a market cap of $198.72 million, a price-to-earnings ratio of 76.79, a PEG ratio of 1.60 and a beta of 0.80. The stock has a fifty day simple moving average of $15.46 and a two-hundred day simple moving average of $15.94. Alpine Income Property Trust, Inc. has a 12 month low of $14.25 and a 12 month high of $17.72. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 1.00.

Alpine Income Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date was Wednesday, March 13th. Alpine Income Property Trust’s payout ratio is 578.98%.

Alpine Income Property Trust 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.