Heartland Advisors Inc. Makes New $9.45 Million Investment in Alpine Income Property Trust, Inc. $PINE

Heartland Advisors Inc. bought a new position in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 455,175 shares of the company’s stock, valued at approximately $9,449,000. Heartland Advisors Inc. owned approximately 2.58% of Alpine Income Property Trust at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PINE. Triumph Capital Management acquired a new position in Alpine Income Property Trust during the fourth quarter worth $33,000. Strs Ohio acquired a new stake in Alpine Income Property Trust in the first quarter valued at $42,000. Virtus Advisers LLC purchased a new stake in shares of Alpine Income Property Trust during the 2nd quarter worth $80,000. PNC Financial Services Group Inc. boosted its position in shares of Alpine Income Property Trust by 74.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,097 shares of the company’s stock worth $69,000 after purchasing an additional 1,746 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Alpine Income Property Trust by 36.3% during the 4th quarter. Royal Bank of Canada now owns 5,134 shares of the company’s stock worth $86,000 after purchasing an additional 1,366 shares during the period. 60.50% of the stock is owned by institutional investors and hedge funds.

Alpine Income Property Trust Price Performance

Shares of NYSE PINE opened at $19.50 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.03. The company’s 50-day moving average price is $20.20 and its 200 day moving average price is $19.57. Alpine Income Property Trust, Inc. has a 52 week low of $13.10 and a 52 week high of $21.99. The stock has a market cap of $343.59 million, a price-to-earnings ratio of 102.64, a PEG ratio of 1.30 and a beta of 0.54.

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 company had revenue of $20.00 million during the quarter, compared to analysts’ expectations 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. As a group, research analysts forecast 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $0.32 per share. The ex-dividend date is Thursday, September 10th. This represents a $1.28 annualized dividend and a dividend yield of 6.6%. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.30. Alpine Income Property Trust’s payout ratio is presently 631.58%.

Insider Transactions at Alpine Income Property Trust

In related news, Director Andrew C. Richardson sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $20.28, for a total value of $40,560.00. Following the sale, the director owned 8,425 shares of the company’s stock, valued at approximately $170,859. This represents a 19.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 6,332 shares of company stock valued at $126,172. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on PINE. Truist Financial reduced their price objective on shares of Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, May 21st. Huntington initiated coverage on shares of Alpine Income Property Trust in a report on Wednesday, July 15th. They issued an “outperform” rating and a $23.00 target price for the company. Zacks Research downgraded shares of Alpine Income Property Trust from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. JonesTrading boosted their price target on 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. Finally, Robert W. Baird restated a “neutral” rating and issued a $21.00 price target (up from $18.00) on shares of Alpine Income Property Trust in a report on Monday, June 29th. Two equities 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 company’s stock. According to data from MarketBeat, Alpine Income Property Trust has a consensus rating of “Moderate Buy” and an average target price of $21.50.

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.