LSV Asset Management lowered its holdings in shares of Alpine Income Property Trust, Inc. (NYSE:PINE – Free Report) by 3.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,868 shares of the company’s stock after selling 1,500 shares during the quarter. LSV Asset Management owned 0.34% of Alpine Income Property Trust worth $806,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in Alpine Income Property Trust by 60.3% during the 1st quarter. Bank of New York Mellon Corp now owns 50,916 shares of the company’s stock valued at $957,000 after purchasing an additional 19,161 shares in the last quarter. BlackRock Inc. raised its position in Alpine Income Property Trust by 10.7% during the 1st quarter. BlackRock Inc. now owns 168,424 shares of the company’s stock valued at $3,166,000 after purchasing an additional 16,344 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Alpine Income Property Trust by 84.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 20,911 shares of the company’s stock valued at $393,000 after purchasing an additional 9,587 shares in the last quarter. Vanguard Group Inc. raised its position in Alpine Income Property Trust by 27.0% during the 1st quarter. Vanguard Group Inc. now owns 555,748 shares of the company’s stock valued at $10,448,000 after purchasing an additional 118,120 shares in the last quarter. Finally, Guardian Wealth Management Inc. raised its position in shares of Alpine Income Property Trust by 12.4% in the 1st quarter. Guardian Wealth Management Inc. now owns 9,537 shares of the company’s stock worth $179,000 after acquiring an additional 1,051 shares in the last quarter. Hedge funds and other institutional investors own 75.42% of the company’s stock.
Insider Buying and Selling
In other Alpine Income Property Trust news, CEO John P. Albright purchased 4,255 shares of Alpine Income Property Trust stock in a transaction that occurred on Friday, June 2nd. The stock was bought at an average price of $16.14 per share, with a total value of $68,675.70. Following the acquisition, the chief executive officer now owns 7,199 shares of the company’s stock, valued at approximately $116,191.86. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is currently owned by insiders.
Alpine Income Property Trust Stock Performance
Alpine Income Property Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 8th were issued a $0.275 dividend. The ex-dividend date was Wednesday, June 7th. This represents a $1.10 dividend on an annualized basis and a yield of 6.55%. Alpine Income Property Trust’s payout ratio is 85.94%.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Truist Financial reduced their price target on Alpine Income Property Trust from $19.00 to $17.00 in a research report on Friday, June 9th. EF Hutton Acquisition Co. I reissued a “buy” rating and issued a $23.00 price target on shares of Alpine Income Property Trust in a research report on Friday, April 21st. Jonestrading reaffirmed a “buy” rating and set a $22.00 target price (down from $24.00) on shares of Alpine Income Property Trust in a research report on Friday, July 21st. TheStreet lowered Alpine Income Property Trust from a “b-” rating to a “c” rating in a research report on Friday, July 21st. Finally, Stifel Nicolaus dropped their price target on Alpine Income Property Trust from $21.25 to $20.00 and set a “buy” rating on the stock in a research note on Friday, April 21st. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Alpine Income Property Trust has an average rating of “Buy” and a consensus target price of $20.50.
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 commercial income properties that are predominately leased to high-quality publicly traded and credit-rated tenants.
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