Segall Bryant & Hamill LLC Buys New Stake in Alpine Income Property Trust, Inc. $PINE

Segall Bryant & Hamill LLC purchased a new position in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) during the 1st quarter, Holdings Channel.com reports. The firm purchased 47,038 shares of the company’s stock, valued at approximately $847,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Triumph Capital Management acquired a new position in Alpine Income Property Trust in the fourth quarter valued at $33,000. Key Capital Management INC acquired a new stake in shares of Alpine Income Property Trust during the fourth quarter worth about $38,000. Strs Ohio purchased a new stake in shares of Alpine Income Property Trust in the 1st quarter valued at about $42,000. PNC Financial Services Group Inc. lifted its holdings in shares of Alpine Income Property Trust by 74.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,097 shares of the company’s stock valued at $69,000 after purchasing an additional 1,746 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Alpine Income Property Trust by 36.3% in the 4th quarter. Royal Bank of Canada now owns 5,134 shares of the company’s stock valued at $86,000 after purchasing an additional 1,366 shares during the period. 60.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alpine Income Property Trust

In other news, Director Andrew C. Richardson sold 3,000 shares of the stock in a transaction dated 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 in the company, valued at $278,175.60. This represents a 17.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 9,832 shares of company stock worth $193,657. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on PINE. Alliance Global Partners reaffirmed a “buy” rating on shares of Alpine Income Property Trust in a research report on Friday, July 24th. JonesTrading increased their price target on shares of Alpine Income Property Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Weiss Ratings upgraded shares of Alpine Income Property Trust from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Truist Financial reduced their target price on shares of Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating for the company in a report on Thursday, May 21st. Finally, Stifel Nicolaus boosted their price target on Alpine Income Property Trust from $21.50 to $22.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

Alpine Income Property Trust Stock Performance

Shares of PINE opened at $19.98 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market capitalization of $351.98 million, a price-to-earnings ratio of 105.14, a PEG ratio of 1.33 and a beta of 0.54. The company’s 50 day simple moving average is $20.17 and its 200 day simple moving average is $19.42. Alpine Income Property Trust, Inc. has a 1 year low of $13.10 and a 1 year high of $21.99.

Alpine Income Property Trust (NYSE:PINE) last announced its earnings results on Thursday, July 23rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $20.00 million for the quarter, compared to analyst estimates of $18.85 million. Alpine Income Property Trust had a net margin of 9.36% and a return on equity of 2.11%. Alpine Income Property Trust has set its FY 2026 guidance at 2.120-2.150 EPS. On average, sell-side analysts predict that Alpine Income Property Trust, Inc. will post 2.16 EPS for the current year.

Alpine Income Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a $0.32 dividend. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, September 10th. This represents a $1.28 annualized dividend and a yield of 6.4%. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently 673.68%.

About Alpine Income Property Trust

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.