Barclays PLC Buys 12,119 Shares of Alpine Income Property Trust, Inc. (NYSE:PINE)

Barclays PLC grew its stake in Alpine Income Property Trust, Inc. (NYSE:PINE) by 282.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,411 shares of the company’s stock after acquiring an additional 12,119 shares during the quarter. Barclays PLC owned 0.12% of Alpine Income Property Trust worth $299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in Alpine Income Property Trust during the 3rd quarter worth approximately $64,000. Truvestments Capital LLC bought a new stake in Alpine Income Property Trust during the 3rd quarter worth approximately $143,000. Quadrature Capital Ltd bought a new stake in Alpine Income Property Trust during the 3rd quarter worth approximately $239,000. Rhumbline Advisers increased its stake in Alpine Income Property Trust by 8.0% during the 2nd quarter. Rhumbline Advisers now owns 17,197 shares of the company’s stock worth $268,000 after purchasing an additional 1,272 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Alpine Income Property Trust during the 3rd quarter worth approximately $336,000. 60.50% of the stock is owned by institutional investors.

Insider Activity

In other Alpine Income Property Trust news, Director Wein Rachel Elias sold 2,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $18.00, for a total transaction of $36,000.00. Following the completion of the sale, the director now owns 9,492 shares of the company’s stock, valued at $170,856. This trade represents a 17.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.74% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on PINE. Robert W. Baird increased their target price on Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Stifel Nicolaus increased their target price on Alpine Income Property Trust from $19.75 to $20.25 and gave the stock a “buy” rating in a research note on Monday, October 21st. UBS Group started coverage on Alpine Income Property Trust in a research note on Monday, October 14th. They set a “neutral” rating and a $19.00 target price for the company. Finally, Alliance Global Partners raised their price target on shares of Alpine Income Property Trust from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $19.25.

Alpine Income Property Trust Price Performance

Shares of PINE opened at $16.92 on Monday. The stock has a market capitalization of $241.50 million, a P/E ratio of 76.91, a P/E/G ratio of 1.67 and a beta of 0.79. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 1.03. Alpine Income Property Trust, Inc. has a twelve month low of $14.32 and a twelve month high of $19.42. The company has a 50 day moving average of $17.42 and a 200-day moving average of $17.36.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings data on Thursday, October 17th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.19). The company had revenue of $13.48 million during the quarter, compared to analyst estimates of $12.08 million. Alpine Income Property Trust had a net margin of 6.72% and a return on equity of 1.23%. During the same period in the previous year, the company posted $0.37 EPS. As a group, equities research analysts forecast that Alpine Income Property Trust, Inc. will post 1.71 EPS for the current fiscal year.

Alpine Income Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 6.62%. The ex-dividend date of this dividend was Thursday, December 12th. Alpine Income Property Trust’s payout ratio is presently 509.09%.

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.