Gabelli Funds LLC Has $2.32 Million Position in Alpine Income Property Trust, Inc. $PINE

Gabelli Funds LLC cut its holdings in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) by 33.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 163,736 shares of the company’s stock after selling 82,398 shares during the period. Gabelli Funds LLC’s holdings in Alpine Income Property Trust were worth $2,320,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Sound Income Strategies LLC grew its holdings in shares of Alpine Income Property Trust by 7.6% in the 3rd quarter. Sound Income Strategies LLC now owns 1,126,174 shares of the company’s stock valued at $15,001,000 after acquiring an additional 79,119 shares in the last quarter. Vanguard Group Inc. raised its holdings in Alpine Income Property Trust by 0.7% during the third quarter. Vanguard Group Inc. now owns 772,504 shares of the company’s stock worth $10,946,000 after acquiring an additional 5,681 shares in the last quarter. Heartland Advisors Inc. boosted its position in Alpine Income Property Trust by 25.1% during the third quarter. Heartland Advisors Inc. now owns 692,400 shares of the company’s stock valued at $9,811,000 after purchasing an additional 138,770 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Alpine Income Property Trust by 3.7% during the second quarter. Russell Investments Group Ltd. now owns 332,426 shares of the company’s stock valued at $4,890,000 after purchasing an additional 11,712 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Alpine Income Property Trust by 5.8% in the second quarter. Geode Capital Management LLC now owns 327,734 shares of the company’s stock valued at $4,822,000 after purchasing an additional 17,947 shares in the last quarter. 60.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on PINE shares. B. Riley Financial reaffirmed a “buy” rating on shares of Alpine Income Property Trust in a research report on Thursday, February 5th. Zacks Research raised Alpine Income Property Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. Weiss Ratings raised shares of Alpine Income Property Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 27th. iA Financial set a $21.00 target price on shares of Alpine Income Property Trust in a report on Friday, February 6th. Finally, Stifel Nicolaus upped their price target on shares of Alpine Income Property Trust from $19.00 to $20.50 and gave the stock a “buy” rating in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.92.

Alpine Income Property Trust Price Performance

Shares of NYSE PINE opened at $19.38 on Wednesday. The business’s 50 day moving average price is $18.53 and its two-hundred day moving average price is $16.50. The company has a market cap of $292.40 million, a PE ratio of -84.24, a price-to-earnings-growth ratio of 1.33 and a beta of 0.54. The company has a quick ratio of 4.95, a current ratio of 4.95 and a debt-to-equity ratio of 1.25. Alpine Income Property Trust, Inc. has a twelve month low of $13.10 and a twelve month high of $20.80.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.43). Alpine Income Property Trust had a negative net margin of 4.39% and a negative return on equity of 1.00%. The business had revenue of $16.90 million during the quarter, compared to analyst estimates of $15.28 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.090-2.130 EPS. On average, analysts predict that Alpine Income Property Trust, Inc. will post 1.74 EPS for the current year.

Alpine Income Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.2%. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, March 12th. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently -495.65%.

About Alpine Income Property Trust

Alpine Income Property Trust, Inc is a publicly traded real estate investment trust that specializes in acquiring, owning and managing single-tenant net lease properties. The company focuses on sale-leaseback and build-to-suit transactions with food and beverage companies, targeting facilities that support production, distribution and processing operations. By structuring long-term, triple-net leases, Alpine Income Property Trust seeks to deliver stable, predictable cash flow while allowing tenants to unlock capital from real estate assets and reinvest in their core businesses.

The company’s portfolio is diversified across multiple U.S.