Sumitomo Mitsui Trust Holdings Inc. Sells 1,115 Shares of Alpine Income Property Trust, Inc. (NYSE:PINE)

Sumitomo Mitsui Trust Holdings Inc. decreased its position in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,396 shares of the company’s stock after selling 1,115 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.09% of Alpine Income Property Trust worth $210,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new stake in Alpine Income Property Trust during the third quarter worth $70,000. Nisa Investment Advisors LLC boosted its position in Alpine Income Property Trust by 52.0% in the third quarter. Nisa Investment Advisors LLC now owns 5,113 shares of the company’s stock worth $84,000 after purchasing an additional 1,750 shares during the last quarter. SG Americas Securities LLC purchased a new position in Alpine Income Property Trust in the fourth quarter worth $117,000. Private Advisor Group LLC boosted its position in Alpine Income Property Trust by 19.5% in the third quarter. Private Advisor Group LLC now owns 13,542 shares of the company’s stock worth $222,000 after purchasing an additional 2,207 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its position in Alpine Income Property Trust by 14.4% in the third quarter. Penserra Capital Management LLC now owns 29,426 shares of the company’s stock worth $481,000 after purchasing an additional 3,710 shares during the last quarter. Institutional investors own 60.50% of the company’s stock.

Alpine Income Property Trust Stock Performance

Shares of PINE opened at $14.89 on Friday. The stock’s 50-day simple moving average is $15.38 and its 200 day simple moving average is $15.88. The stock has a market capitalization of $202.85 million, a price-to-earnings ratio of -372.25, a price-to-earnings-growth ratio of 1.61 and a beta of 0.80. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 1.31. Alpine Income Property Trust, Inc. has a 52-week low of $14.25 and a 52-week high of $17.72.

Alpine Income Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a dividend of $0.275 per share. The ex-dividend date was Wednesday, March 13th. This represents a $1.10 dividend on an annualized basis and a yield of 7.39%. Alpine Income Property Trust’s dividend payout ratio (DPR) is -2,750.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. BTIG Research dropped their price target on Alpine Income Property Trust from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Stifel Nicolaus dropped their price target on Alpine Income Property Trust from $19.00 to $18.75 and set a “buy” rating on the stock in a research report on Friday, April 19th. Jonestrading dropped their price target on Alpine Income Property Trust from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Finally, Alliance Global Partners assumed coverage on Alpine Income Property Trust in a research report on Thursday, April 11th. They set a “buy” rating and a $19.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $18.35.

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.