Cubist Systematic Strategies LLC Has $411,000 Holdings in Alpine Income Property Trust, Inc. $PINE

Cubist Systematic Strategies LLC trimmed its position in Alpine Income Property Trust, Inc. (NYSE:PINE) by 60.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,563 shares of the company’s stock after selling 37,537 shares during the quarter. Cubist Systematic Strategies LLC owned 0.17% of Alpine Income Property Trust worth $411,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Alpine Income Property Trust by 9,844.7% in the first quarter. GAMMA Investing LLC now owns 3,779 shares of the company’s stock valued at $63,000 after acquiring an additional 3,741 shares during the period. Deutsche Bank AG lifted its stake in Alpine Income Property Trust by 84.2% in the fourth quarter. Deutsche Bank AG now owns 43,458 shares of the company’s stock valued at $730,000 after buying an additional 19,867 shares during the period. Nuveen Asset Management LLC raised its position in shares of Alpine Income Property Trust by 127.9% in 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. Hsbc Holdings PLC raised its position in shares of Alpine Income Property Trust by 85.5% in the 1st quarter. Hsbc Holdings PLC now owns 19,588 shares of the company’s stock valued at $328,000 after acquiring an additional 9,028 shares during the period. Finally, D. E. Shaw & Co. Inc. raised 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 worth $1,400,000 after buying an additional 46,353 shares during the period. 60.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PINE. Jones Trading lowered their price objective on shares of Alpine Income Property Trust from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, July 25th. Alliance Global Partners reissued a “buy” rating on shares of Alpine Income Property Trust in a report on Friday, July 25th. Stifel Nicolaus lowered their target price on Alpine Income Property Trust from $18.50 to $17.50 and set a “buy” rating for the company in a research note on Friday, July 25th. Finally, UBS Group lowered their price objective on Alpine Income Property Trust from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, July 16th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.42.

Insider Activity at Alpine Income Property Trust

In other news, CEO John P. Albright bought 3,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 11,444 shares of the company’s stock, valued at $162,504.80. This represents a 44.06% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.46% of the company’s stock.

Alpine Income Property Trust Stock Up 0.9%

PINE stock opened at $15.32 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $216.93 million, a PE ratio of -306.40, a PEG ratio of 1.44 and a beta of 0.64. Alpine Income Property Trust, Inc. has a twelve month low of $13.95 and a twelve month high of $18.79. The stock has a 50-day simple moving average of $14.69 and a two-hundred day simple moving average of $15.34.

Alpine Income Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.285 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $1.14 annualized dividend and a dividend yield of 7.4%. Alpine Income Property Trust’s payout ratio is presently -2,280.00%.

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.