Public Employees Retirement System of Ohio Raises Holdings in Alpine Income Property Trust, Inc. (NYSE:PINE)

Public Employees Retirement System of Ohio boosted its position in Alpine Income Property Trust, Inc. (NYSE:PINE) by 153.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,960 shares of the company’s stock after purchasing an additional 5,422 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.06% of Alpine Income Property Trust worth $150,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PINE. PNC Financial Services Group Inc. grew its holdings in shares of Alpine Income Property Trust by 25.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the company’s stock worth $72,000 after buying an additional 867 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Alpine Income Property Trust by 5.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 36,157 shares of the company’s stock valued at $607,000 after acquiring an additional 1,977 shares in the last quarter. Rhumbline Advisers raised its holdings in Alpine Income Property Trust by 11.7% in the 4th quarter. Rhumbline Advisers now owns 19,916 shares of the company’s stock valued at $334,000 after acquiring an additional 2,081 shares during the last quarter. Jump Financial LLC raised its holdings in Alpine Income Property Trust by 22.6% in the 4th quarter. Jump Financial LLC now owns 12,752 shares of the company’s stock valued at $214,000 after acquiring an additional 2,348 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Alpine Income Property Trust in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 60.50% of the company’s stock.

Analysts Set New Price Targets

PINE has been the subject of a number of analyst reports. Industrial Alliance Securities set a $19.00 price target on Alpine Income Property Trust in a research report on Friday, April 25th. UBS Group dropped their target price on Alpine Income Property Trust from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Stifel Nicolaus cut their target price on Alpine Income Property Trust from $19.25 to $18.75 and set a “buy” rating for the company in a research note on Friday, April 25th. Jones Trading reduced their price target on Alpine Income Property Trust from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Alpine Income Property Trust in a 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $18.97.

Alpine Income Property Trust Price Performance

NYSE:PINE opened at $15.31 on Friday. Alpine Income Property Trust, Inc. has a 52 week low of $14.51 and a 52 week high of $19.42. The stock’s fifty day moving average is $15.56 and its two-hundred day moving average is $16.36. The company has a market capitalization of $218.44 million, a P/E ratio of 109.36, a P/E/G ratio of 1.58 and a beta of 0.61. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.09.

Alpine Income Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 7.45%. The ex-dividend date is Thursday, June 12th. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently 1,425.00%.

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.