Heartland Advisors Inc. Decreases Stake in Alpine Income Property Trust, Inc. $PINE

Heartland Advisors Inc. lowered its position in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) by 7.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 431,920 shares of the company’s stock after selling 32,400 shares during the quarter. Heartland Advisors Inc.’s holdings in Alpine Income Property Trust were worth $7,775,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Triumph Capital Management bought a new position in shares of Alpine Income Property Trust in the fourth quarter valued at approximately $33,000. Key Capital Management INC purchased a new stake in shares of Alpine Income Property Trust during the fourth quarter valued at approximately $38,000. Strs Ohio bought a new stake in Alpine Income Property Trust during the first quarter worth $42,000. PNC Financial Services Group Inc. lifted its holdings in Alpine Income Property Trust by 74.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,097 shares of the company’s stock worth $69,000 after acquiring an additional 1,746 shares during the period. Finally, Royal Bank of Canada boosted its position in Alpine Income Property Trust by 36.3% in the fourth quarter. Royal Bank of Canada now owns 5,134 shares of the company’s stock worth $86,000 after purchasing an additional 1,366 shares during the last quarter. Hedge funds and other institutional investors own 60.50% of the company’s stock.

Alpine Income Property Trust Trading Up 2.7%

NYSE:PINE opened at $21.78 on Friday. Alpine Income Property Trust, Inc. has a 12 month low of $13.10 and a 12 month high of $21.88. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 1.08. The firm’s 50 day moving average is $19.82 and its 200 day moving average is $19.07. The stock has a market capitalization of $359.91 million, a PE ratio of -241.97, a price-to-earnings-growth ratio of 1.45 and a beta of 0.54.

Alpine Income Property Trust (NYSE:PINE) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). Alpine Income Property Trust had a net margin of 1.09% and a return on equity of 0.25%. The firm had revenue of $18.41 million for the quarter, compared to the consensus estimate of $17.62 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.110-2.150 EPS. Sell-side analysts expect that Alpine Income Property Trust, Inc. will post 2.13 earnings per share for the current year.

Alpine Income Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, June 11th. This represents a $1.20 annualized dividend and a dividend yield of 5.5%. Alpine Income Property Trust’s dividend payout ratio is presently -1,333.33%.

Wall Street Analysts Forecast Growth

PINE has been the subject of a number of recent analyst reports. Huntington assumed coverage on Alpine Income Property Trust in a research note on Wednesday. They issued an “outperform” rating and a $23.00 price objective for the company. Robert W. Baird reiterated a “neutral” rating and set a $21.00 target price (up from $18.00) on shares of Alpine Income Property Trust in a research note on Monday, June 29th. Zacks Research downgraded shares of Alpine Income Property Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings lowered shares of Alpine Income Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday. Finally, Truist Financial reduced their price target on shares of Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating for the company in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Alpine Income Property Trust currently has a consensus rating of “Moderate Buy” and an average price target of $21.31.

Insider Buying and Selling at Alpine Income Property Trust

In related news, Director Andrew C. Richardson sold 3,000 shares of Alpine Income Property Trust stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $19.35, for a total value of $58,050.00. Following the completion of the sale, the director owned 14,376 shares of the company’s stock, valued at approximately $278,175.60. This trade represents a 17.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 7,832 shares of company stock worth $153,097. 0.60% of the stock is currently owned by corporate insiders.

Alpine Income Property Trust Profile

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.