SG Americas Securities LLC Acquires Shares of 6,896 Alpine Income Property Trust, Inc. (NYSE:PINE)

SG Americas Securities LLC bought a new position in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,896 shares of the company’s stock, valued at approximately $117,000. SG Americas Securities LLC owned 0.05% of Alpine Income Property Trust at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Alpine Income Property Trust by 5.2% during the third quarter. Royal Bank of Canada now owns 11,396 shares of the company’s stock worth $185,000 after purchasing an additional 565 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Alpine Income Property Trust by 17.5% during the fourth quarter. JPMorgan Chase & Co. now owns 4,275 shares of the company’s stock worth $82,000 after purchasing an additional 636 shares during the period. UBS Group AG increased its stake in shares of Alpine Income Property Trust by 3.0% during the first quarter. UBS Group AG now owns 24,253 shares of the company’s stock worth $455,000 after purchasing an additional 703 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Alpine Income Property Trust by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 61,910 shares of the company’s stock worth $1,005,000 after purchasing an additional 738 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Alpine Income Property Trust by 2.9% during the third quarter. Rhumbline Advisers now owns 27,151 shares of the company’s stock worth $444,000 after purchasing an additional 754 shares during the period. Institutional investors own 60.50% of the company’s stock.

Wall Street Analyst Weigh In

PINE has been the topic of a number of recent research reports. Alliance Global Partners initiated coverage on Alpine Income Property Trust in a research note on Thursday, April 11th. They set a “buy” rating and a $19.00 target price on the stock. Jonestrading reduced their price target on Alpine Income Property Trust from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, February 12th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alpine Income Property Trust currently has an average rating of “Buy” and an average price target of $19.60.

Alpine Income Property Trust Trading Up 0.1 %

Shares of NYSE:PINE opened at $14.59 on Friday. The business’s 50 day simple moving average is $15.46 and its 200 day simple moving average is $15.94. The company has a market capitalization of $198.72 million, a P/E ratio of 76.79, a P/E/G ratio of 1.60 and a beta of 0.80. Alpine Income Property Trust, Inc. has a 1 year low of $14.25 and a 1 year high of $17.72. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.64 and a quick ratio of 2.64.

Alpine Income Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date of this dividend was Wednesday, March 13th. Alpine Income Property Trust’s dividend payout ratio is presently 578.98%.

About Alpine Income Property Trust

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.