Alpine Income Property Trust, Inc. $PINE Stock Sold by Sound Income Strategies LLC

Sound Income Strategies LLC lowered its position in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,184,498 shares of the company’s stock after selling 51,096 shares during the quarter. Alpine Income Property Trust accounts for approximately 0.5% of Sound Income Strategies LLC’s investment portfolio, making the stock its 27th biggest holding. Sound Income Strategies LLC owned 6.60% of Alpine Income Property Trust worth $21,179,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Legal & General Group Plc bought a new stake in Alpine Income Property Trust during the second quarter worth $32,000. Virtus Advisers LLC purchased a new position in Alpine Income Property Trust in the second quarter worth $80,000. PNC Financial Services Group Inc. grew its stake in Alpine Income Property Trust by 13.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,649 shares of the company’s stock valued at $84,000 after purchasing an additional 552 shares during the period. State of Wyoming bought a new position in Alpine Income Property Trust in the 1st quarter valued at $128,000. Finally, Abel Hall LLC purchased a new stake in shares of Alpine Income Property Trust during the 1st quarter valued at $189,000. 60.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PINE shares. Weiss Ratings cut Alpine Income Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, September 21st. Huntington began coverage on shares of Alpine Income Property Trust in a research report on Wednesday, July 15th. They set an “outperform” rating and a $23.00 price target for the company. Alliance Global Partners restated a “buy” rating on shares of Alpine Income Property Trust in a report on Friday, July 24th. JonesTrading lifted their price objective on shares of Alpine Income Property Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Stifel Nicolaus boosted 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 research note on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.50.

Insider Activity

In related news, Director Andrew Richardson sold 2,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $20.28, for a total transaction of $40,560.00. Following the sale, the director directly owned 8,425 shares in the company, valued at approximately $170,859. The trade was a 19.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

Alpine Income Property Trust Stock Performance

Shares of NYSE PINE traded up $0.07 during trading on Friday, reaching $17.95. 212,773 shares of the stock traded hands, compared to its average volume of 168,084. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market capitalization of $322.02 million, a P/E ratio of 94.50, a price-to-earnings-growth ratio of 1.17 and a beta of 0.56. Alpine Income Property Trust, Inc. has a 52-week low of $13.10 and a 52-week high of $21.99. The company has a 50-day moving average of $18.80 and a 200-day moving average of $19.32.

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

Alpine Income Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 10th were paid a $0.32 dividend. The ex-dividend date was Thursday, September 10th. This represents a $1.28 dividend on an annualized basis and a yield of 7.1%. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.30. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently 673.68%.

Alpine Income Property Trust Company Profile

Alpine Income Property Trust, Inc is a real estate investment trust (REIT) that owns and manages a portfolio of income-producing commercial properties. The company primarily focuses on single-tenant, net-leased retail properties, where tenants generally are responsible for property taxes, insurance and maintenance under the terms of their leases.

Alpine’s properties are occupied by tenants across a range of industries, including retail, grocery, home improvement, automotive services and other consumer-oriented businesses.