D. E. Shaw & Co. Inc. Purchases 46,353 Shares of Alpine Income Property Trust, Inc. (NYSE:PINE)

D. E. Shaw & Co. Inc. grew its position in Alpine Income Property Trust, Inc. (NYSE:PINE) by 125.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 83,372 shares of the company’s stock after purchasing an additional 46,353 shares during the period. D. E. Shaw & Co. Inc. owned about 0.58% of Alpine Income Property Trust worth $1,400,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Alpine Income Property Trust during the fourth quarter worth about $2,130,000. AlphaCentric Advisors LLC bought a new position in shares of Alpine Income Property Trust during the 4th quarter valued at about $1,544,000. Crossingbridge Advisors LLC acquired a new position in shares of Alpine Income Property Trust in the 4th quarter valued at approximately $1,544,000. Sound Income Strategies LLC increased its stake in Alpine Income Property Trust by 9.0% during the 4th quarter. Sound Income Strategies LLC now owns 866,916 shares of the company’s stock worth $14,556,000 after purchasing an additional 71,488 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Alpine Income Property Trust by 618.4% in the fourth quarter. JPMorgan Chase & Co. now owns 50,780 shares of the company’s stock valued at $853,000 after buying an additional 43,712 shares in the last quarter. Institutional investors and hedge funds own 60.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Alliance Global Partners reissued a “buy” rating on shares of Alpine Income Property Trust in a research report on Friday, April 25th. Industrial Alliance Securities set a $19.00 target price on Alpine Income Property Trust in a report on Friday, April 25th. UBS Group cut their price target on Alpine Income Property Trust from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Stifel Nicolaus decreased their price objective on Alpine Income Property Trust from $19.25 to $18.75 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, Jones Trading dropped their target price on Alpine Income Property Trust from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Alpine Income Property Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.97.

Alpine Income Property Trust Price Performance

NYSE:PINE opened at $14.82 on Friday. Alpine Income Property Trust, Inc. has a 12-month low of $14.51 and a 12-month high of $19.42. The firm has a market capitalization of $211.45 million, a price-to-earnings ratio of 105.86, a P/E/G ratio of 1.58 and a beta of 0.60. The stock’s 50 day moving average price is $15.81 and its two-hundred day moving average price is $16.55. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.09.

Insider Buying and Selling at Alpine Income Property Trust

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 2,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $16.64, for a total value of $33,280.00. Following the transaction, the director now directly owns 17,143 shares of the company’s stock, valued at $285,259.52. This represents a 10.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.46% of the company’s stock.

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.