Ancora Advisors LLC Has $1.07 Million Position in Alpine Income Property Trust, Inc. (NYSE:PINE)

Ancora Advisors LLC decreased its stake in shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) by 79.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 63,518 shares of the company's stock after selling 244,015 shares during the quarter. Ancora Advisors LLC owned 0.45% of Alpine Income Property Trust worth $1,066,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in PINE. PNC Financial Services Group Inc. increased its holdings in Alpine Income Property Trust by 25.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the company's stock valued at $72,000 after buying an additional 867 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in Alpine Income Property Trust in the fourth quarter valued at about $75,000. JPMorgan Chase & Co. increased its stake in Alpine Income Property Trust by 26.6% in the third quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company's stock valued at $129,000 after acquiring an additional 1,483 shares during the period. Hsbc Holdings PLC acquired a new position in Alpine Income Property Trust in the fourth quarter worth about $177,000. Finally, Virtu Financial LLC bought a new position in Alpine Income Property Trust during the third quarter worth about $200,000. Institutional investors and hedge funds own 60.50% of the company's stock.

Alpine Income Property Trust Price Performance

PINE traded up $0.11 during midday trading on Friday, hitting $15.15. The company had a trading volume of 44,518 shares, compared to its average volume of 75,155. Alpine Income Property Trust, Inc. has a twelve month low of $14.51 and a twelve month high of $19.42. The firm's 50-day simple moving average is $16.02 and its 200-day simple moving average is $16.71. The company has a market capitalization of $216.15 million, a PE ratio of 108.21, a P/E/G ratio of 1.58 and a beta of 0.60. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.94 and a current ratio of 0.94.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.40. Alpine Income Property Trust had a net margin of 3.96% and a return on equity of 0.76%. Equities research analysts predict that Alpine Income Property Trust, Inc. will post 1.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Industrial Alliance Securities set a $19.00 target price on Alpine Income Property Trust in a report on Friday, April 25th. Jones Trading dropped their price objective on Alpine Income Property Trust from $22.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Alliance Global Partners restated a "buy" rating on shares of Alpine Income Property Trust in a research note on Friday, April 25th. Finally, Stifel Nicolaus dropped their target price on shares of Alpine Income Property Trust from $19.25 to $18.75 and set a "buy" rating for the company in a research report on Friday, April 25th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.31.

Insider Activity

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 2,000 shares of Alpine Income Property Trust stock in a transaction on Monday, February 24th. The shares were sold at an average price of $16.64, for a total transaction of $33,280.00. Following the completion of the sale, the director now owns 17,143 shares of the company's stock, valued at approximately $285,259.52. The trade was a 10.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.46% of the company's stock.

About Alpine Income Property Trust

Alpine Income Property Trust, Inc NYSE: PINE is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased properties that are predominately leased to high-quality publicly traded and credit-rated tenants.