Public Employees Retirement System of Ohio Invests $573,000 in Alpine Income Property Trust, Inc. $PINE

Public Employees Retirement System of Ohio purchased a new stake in Alpine Income Property Trust, Inc. (NYSE:PINE) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 27,587 shares of the company’s stock, valued at approximately $573,000. Public Employees Retirement System of Ohio owned approximately 0.16% of Alpine Income Property Trust as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PINE. Odyssean LLC acquired a new position in shares of Alpine Income Property Trust in the second quarter valued at approximately $467,000. Hsbc Holdings PLC acquired a new position in Alpine Income Property Trust in the 2nd quarter valued at $1,267,000. Legal & General Group Plc acquired a new position in Alpine Income Property Trust in the 2nd quarter valued at $32,000. Globeflex Capital L P bought a new position in Alpine Income Property Trust during the 2nd quarter worth $1,535,000. Finally, Heartland Advisors Inc. bought a new position in Alpine Income Property Trust during the 2nd quarter worth $9,449,000. 60.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alpine Income Property Trust

In other Alpine Income Property Trust news, Director Andrew Richardson sold 2,832 shares of the business’s 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 sale, the director owned 9,544 shares of the company’s stock, valued at $190,498.24. The trade was a 22.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is owned by insiders.

Alpine Income Property Trust Price Performance

Shares of NYSE PINE opened at $18.49 on Friday. The stock has a market cap of $325.72 million, a price-to-earnings ratio of 97.30, a PEG ratio of 1.25 and a beta of 0.54. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.85 and a current ratio of 1.85. Alpine Income Property Trust, Inc. has a fifty-two week low of $13.10 and a fifty-two week high of $21.99. The firm’s 50-day simple moving average is $20.03 and its 200 day simple moving average is $19.56.

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

Alpine Income Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a $0.32 dividend. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.28 annualized dividend and a yield of 6.9%. Alpine Income Property Trust’s payout ratio is 631.58%.

Wall Street Analyst Weigh In

PINE has been the topic of several recent research reports. Huntington initiated coverage on shares of Alpine Income Property Trust in a report on Wednesday, July 15th. They set an “outperform” rating and a $23.00 target price on the stock. Alliance Global Partners reissued a “buy” rating on shares of Alpine Income Property Trust in a research report on Friday, July 24th. Stifel Nicolaus raised their target price on shares of Alpine Income Property Trust from $21.50 to $22.00 and gave the company a “buy” rating in a report on Friday, July 24th. Zacks Research cut Alpine Income Property Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $21.00 target price (up from $18.00) on shares of Alpine Income Property Trust in a research note on Monday, June 29th. Two 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 a consensus rating of “Moderate Buy” and an average target price of $21.50.

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.