Alpine Income Property Trust, Inc. (NYSE:PINE) Stock Holdings Reduced by Ancora Advisors LLC

Ancora Advisors LLC cut its stake in Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) by 79.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,518 shares of the company's stock after selling 244,015 shares during the period. Ancora Advisors LLC owned 0.45% of Alpine Income Property Trust worth $1,066,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position 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 acquiring an additional 867 shares during the period. Resona Asset Management Co. Ltd. bought a new position in shares of Alpine Income Property Trust in the fourth quarter worth $75,000. JPMorgan Chase & Co. increased its holdings in shares of Alpine Income Property Trust by 26.6% during the third quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company's stock valued at $129,000 after purchasing an additional 1,483 shares during the period. Hsbc Holdings PLC bought a new stake in shares of Alpine Income Property Trust during the fourth quarter valued at about $177,000. Finally, Virtu Financial LLC bought a new stake in shares of Alpine Income Property Trust during the third quarter valued at about $200,000. 60.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 2,000 shares of the business's 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 sale, the director now directly owns 17,143 shares of the company's stock, valued at $285,259.52. The trade was a 10.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.46% of the company's stock.

Alpine Income Property Trust Price Performance

Shares of NYSE:PINE traded up $0.11 on Friday, reaching $15.15. 44,518 shares of the company traded hands, compared to its average volume of 74,992. The stock 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 current ratio of 0.94 and a quick ratio of 0.94. The company's 50 day moving average is $16.05 and its 200-day moving average is $16.74. Alpine Income Property Trust, Inc. has a fifty-two week low of $14.51 and a fifty-two week high of $19.42.

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

Analyst Ratings Changes

PINE has been the topic of several research analyst reports. Stifel Nicolaus lowered their target price on shares of Alpine Income Property Trust from $19.25 to $18.75 and set a "buy" rating on the stock in a research note on Friday, April 25th. Industrial Alliance Securities set a $19.00 price objective on shares of Alpine Income Property Trust in a research note on Friday, April 25th. Alliance Global Partners reissued a "buy" rating on shares of Alpine Income Property Trust in a report on Friday, April 25th. Finally, Jones Trading decreased their price target 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Alpine Income Property Trust has a consensus rating of "Moderate Buy" and a consensus price target of $19.31.

Alpine Income Property Trust Company Profile

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.