Hsbc Holdings PLC Purchases 9,028 Shares of Alpine Income Property Trust, Inc. $PINE

Hsbc Holdings PLC grew its position in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) by 85.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,588 shares of the company’s stock after purchasing an additional 9,028 shares during the quarter. Hsbc Holdings PLC owned approximately 0.14% of Alpine Income Property Trust worth $328,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Alpine Income Property Trust by 9,844.7% during the 1st quarter. GAMMA Investing LLC now owns 3,779 shares of the company’s stock valued at $63,000 after purchasing an additional 3,741 shares during the last quarter. Deutsche Bank AG boosted its holdings in Alpine Income Property Trust by 84.2% during the 4th quarter. Deutsche Bank AG now owns 43,458 shares of the company’s stock valued at $730,000 after acquiring an additional 19,867 shares during the period. Nuveen Asset Management LLC boosted its holdings in Alpine Income Property Trust by 127.9% during the 4th quarter. Nuveen Asset Management LLC now owns 174,465 shares of the company’s stock valued at $2,929,000 after acquiring an additional 97,910 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in Alpine Income Property Trust by 125.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 83,372 shares of the company’s stock valued at $1,400,000 after acquiring an additional 46,353 shares during the period. Finally, Sound Income Strategies LLC boosted its holdings in Alpine Income Property Trust by 9.6% during the 1st quarter. Sound Income Strategies LLC now owns 950,536 shares of the company’s stock valued at $15,893,000 after acquiring an additional 83,620 shares during the period. 60.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PINE shares. Jones Trading dropped their target price on Alpine Income Property Trust from $20.00 to $19.00 and set a “buy” rating for the company in a report on Friday, July 25th. Stifel Nicolaus dropped their target price on Alpine Income Property Trust from $18.50 to $17.50 and set a “buy” rating for the company in a report on Friday, July 25th. UBS Group dropped their target price on Alpine Income Property Trust from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, July 16th. Finally, Alliance Global Partners restated a “buy” rating on shares of Alpine Income Property Trust in a report on Friday, July 25th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.42.

Alpine Income Property Trust Trading Down 0.3%

NYSE PINE opened at $15.14 on Thursday. Alpine Income Property Trust, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $19.42. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50 day simple moving average of $14.63 and a two-hundred day simple moving average of $15.38. The stock has a market cap of $214.35 million, a P/E ratio of -302.80, a price-to-earnings-growth ratio of 1.44 and a beta of 0.64.

Alpine Income Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, September 11th will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Thursday, September 11th. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently -2,280.00%.

Insider Activity at Alpine Income Property Trust

In other news, CEO John P. Albright bought 3,500 shares of the stock in a transaction dated Wednesday, August 6th. The stock was bought at an average price of $14.20 per share, for a total transaction of $49,700.00. Following the purchase, the chief executive officer directly owned 11,444 shares in the company, valued at $162,504.80. This trade represents a 44.06% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is currently owned by insiders.

About Alpine Income Property Trust

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.