Short Interest in Alpine Income Property Trust, Inc. (NYSE:PINE) Grows By 160.6%

Alpine Income Property Trust, Inc. (NYSE:PINE) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 467,827 shares, an increase of 160.6% from the June 15th total of 179,510 shares. Approximately 2.8% of the company’s stock are sold short. Based on an average daily volume of 274,081 shares, the days-to-cover ratio is currently 1.7 days.

Analyst Ratings Changes

PINE has been the subject of several analyst reports. Zacks Research downgraded Alpine Income Property Trust from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. JonesTrading reissued a “buy” rating and set a $22.00 price target on shares of Alpine Income Property Trust in a research report on Friday, April 24th. Raymond James Financial upgraded Alpine Income Property Trust from an “outperform” rating to a “strong-buy” rating and set a $22.00 price target for the company in a research note on Tuesday, March 17th. Truist Financial lowered their price target on Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, May 21st. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Alpine Income Property Trust in a research note on Tuesday, April 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.61.

Insider Activity at Alpine Income Property Trust

In related news, Director Andrew C. Richardson sold 2,832 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $19.96, for a total transaction of $56,526.72. Following the completion of the transaction, the director owned 9,544 shares in the company, valued at approximately $190,498.24. This represents a 22.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 7,832 shares of company stock valued at $153,097 over the last 90 days. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its position in Alpine Income Property Trust by 8.0% during 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 during the period. Globeflex Capital L P raised its stake in Alpine Income Property Trust by 83.0% in the 4th quarter. Globeflex Capital L P now owns 73,955 shares of the company’s stock worth $1,237,000 after purchasing an additional 33,536 shares in the last quarter. Gabelli Funds LLC boosted its holdings in Alpine Income Property Trust by 25.2% in the 4th quarter. Gabelli Funds LLC now owns 205,016 shares of the company’s stock valued at $3,428,000 after purchasing an additional 41,280 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in Alpine Income Property Trust by 17.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 20,500 shares of the company’s stock valued at $343,000 after purchasing an additional 3,000 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Alpine Income Property Trust during the 4th quarter worth approximately $127,000. 60.50% of the stock is owned by institutional investors and hedge funds.

Alpine Income Property Trust Stock Performance

Shares of PINE stock traded down $0.19 during midday trading on Wednesday, hitting $20.42. 120,625 shares of the company were exchanged, compared to its average volume of 187,191. The firm has a market capitalization of $337.37 million, a P/E ratio of 10.46, a PEG ratio of 1.38 and a beta of 0.54. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.45 and a current ratio of 2.45. The firm’s 50 day moving average price is $19.72 and its two-hundred day moving average price is $18.99. Alpine Income Property Trust has a 52 week low of $13.10 and a 52 week high of $21.32.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). Alpine Income Property Trust had a net margin of 1.09% and a return on equity of 0.25%. The company had revenue of $18.41 million during the quarter, compared to the consensus estimate of $17.62 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.110-2.150 EPS. As a group, equities research analysts anticipate that Alpine Income Property Trust will post 2.14 earnings per share for the current year.

Alpine Income Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 11th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Thursday, June 11th. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently -1,333.33%.

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.