Heartland Advisors Inc. Sells 32,400 Shares of Alpine Income Property Trust, Inc. $PINE

Heartland Advisors Inc. lowered its stake in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) by 7.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 431,920 shares of the company’s stock after selling 32,400 shares during the period. Heartland Advisors Inc. owned approximately 2.61% of Alpine Income Property Trust worth $7,775,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Invesco Ltd. grew its stake in shares of Alpine Income Property Trust by 1,344.2% in the 4th quarter. Invesco Ltd. now owns 441,935 shares of the company’s stock valued at $7,389,000 after buying an additional 411,334 shares during the period. AlphaCentric Advisors LLC acquired a new position in Alpine Income Property Trust during the 4th quarter worth approximately $1,884,000. Sound Income Strategies LLC boosted its holdings in Alpine Income Property Trust by 8.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,216,494 shares of the company’s stock worth $21,349,000 after acquiring an additional 90,320 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Alpine Income Property Trust by 74.0% in the third quarter. Raymond James Financial Inc. now owns 141,315 shares of the company’s stock worth $2,002,000 after acquiring an additional 60,115 shares in the last quarter. Finally, Gabelli Funds LLC grew its stake in Alpine Income Property Trust by 25.2% in the fourth quarter. Gabelli Funds LLC now owns 205,016 shares of the company’s stock valued at $3,428,000 after acquiring an additional 41,280 shares during the period. Institutional investors own 60.50% of the company’s stock.

Alpine Income Property Trust Stock Performance

Shares of Alpine Income Property Trust stock opened at $21.78 on Friday. The company has a market cap 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, Inc. has a 52 week low of $13.10 and a 52 week high of $21.88. The business has a 50 day moving average price of $19.82 and a 200-day moving average price of $19.07. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 1.08.

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

Alpine Income Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders 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 yield of 5.5%. Alpine Income Property Trust’s dividend payout ratio (DPR) is -1,333.33%.

Insiders Place Their Bets

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 3,000 shares of Alpine Income Property Trust stock in a transaction on Friday, May 8th. The shares were sold at an average price of $19.35, for a total transaction of $58,050.00. Following the transaction, the director directly owned 14,376 shares of the company’s stock, valued at $278,175.60. The trade was a 17.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 7,832 shares of company stock worth $153,097. 0.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on PINE shares. Alliance Global Partners restated a “buy” rating on shares of Alpine Income Property Trust in a report on Tuesday, April 28th. Robert W. Baird reissued a “neutral” rating and issued a $21.00 price target (up from $18.00) on shares of Alpine Income Property Trust in a research report on Monday, June 29th. Stifel Nicolaus set a $21.50 price target on shares of Alpine Income Property Trust in a research note on Friday, April 24th. Huntington initiated coverage on shares of Alpine Income Property Trust in a report on Wednesday. They set an “outperform” rating and a $23.00 price objective on the stock. Finally, Truist Financial lowered their price objective on shares of Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.31.

Alpine Income Property Trust Company 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.