Barclays PLC Grows Stock Holdings in Alpine Income Property Trust, Inc. (NYSE:PINE)

Barclays PLC grew its holdings in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) by 282.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,411 shares of the company’s stock after purchasing an additional 12,119 shares during the quarter. Barclays PLC owned approximately 0.11% of Alpine Income Property Trust worth $299,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Alpine Income Property Trust in the third quarter worth approximately $64,000. Truvestments Capital LLC purchased a new position in Alpine Income Property Trust during the third quarter worth approximately $143,000. Quadrature Capital Ltd purchased a new position in Alpine Income Property Trust during the third quarter worth approximately $239,000. Rhumbline Advisers boosted its holdings in shares of Alpine Income Property Trust by 8.0% in the 2nd quarter. Rhumbline Advisers now owns 17,197 shares of the company’s stock valued at $268,000 after purchasing an additional 1,272 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Alpine Income Property Trust during the 3rd quarter valued at $336,000. Hedge funds and other institutional investors own 60.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in 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 report on Monday, October 21st. Alliance Global Partners raised their price objective on Alpine Income Property Trust from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, October 18th. UBS Group assumed coverage on Alpine Income Property Trust in a report on Monday, October 14th. They set a “neutral” rating and a $19.00 target price for the company. Finally, Stifel Nicolaus raised their price target on shares of Alpine Income Property Trust from $19.75 to $20.25 and gave the company a “buy” rating in a report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.25.

Alpine Income Property Trust Stock Down 0.5 %

PINE opened at $16.94 on Tuesday. The stock’s 50 day moving average price is $17.21 and its 200 day moving average price is $17.46. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.85 and a quick ratio of 3.85. The stock has a market cap of $241.75 million, a P/E ratio of 77.01, a P/E/G ratio of 1.54 and a beta of 0.80. Alpine Income Property Trust, Inc. has a 12 month low of $14.32 and a 12 month high of $19.42.

Alpine Income Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, December 12th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.61%. The ex-dividend date of this dividend was Thursday, December 12th. Alpine Income Property Trust’s dividend payout ratio is currently 509.11%.

Insider Activity at Alpine Income Property Trust

In other news, Director Wein Rachel Elias sold 2,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $18.00, for a total value of $36,000.00. Following the completion of the sale, the director now owns 9,492 shares in the company, valued at $170,856. This represents a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.74% of the company’s stock.

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.