Cubist Systematic Strategies LLC Increases Position in Alpine Income Property Trust, Inc. (NYSE:PINE)

Cubist Systematic Strategies LLC increased its stake in Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) by 216.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,100 shares of the company's stock after acquiring an additional 42,458 shares during the period. Cubist Systematic Strategies LLC owned about 0.44% of Alpine Income Property Trust worth $1,043,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE grew its position in Alpine Income Property Trust by 32.4% during the 4th quarter. Bank of America Corp DE now owns 14,158 shares of the company's stock worth $238,000 after acquiring an additional 3,463 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Alpine Income Property Trust during the fourth quarter valued at approximately $44,000. Ameriprise Financial Inc. grew its holdings in shares of Alpine Income Property Trust by 28.8% in the fourth quarter. Ameriprise Financial Inc. now owns 13,810 shares of the company's stock worth $232,000 after purchasing an additional 3,088 shares during the last quarter. Crossingbridge Advisors LLC purchased a new position in shares of Alpine Income Property Trust in the fourth quarter worth $1,544,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Alpine Income Property Trust in the fourth quarter worth $177,000. Institutional investors own 60.50% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PINE shares. Stifel Nicolaus dropped their price target 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. Industrial Alliance Securities set a $19.00 price objective on shares of Alpine Income Property Trust in a research note on Friday, April 25th. Jones Trading cut their target price on Alpine Income Property Trust from $22.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Alliance Global Partners reaffirmed a "buy" rating on shares of Alpine Income Property Trust in a research report on Friday, April 25th. Finally, UBS Group dropped their price objective on Alpine Income Property Trust from $17.00 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Alpine Income Property Trust has an average rating of "Moderate Buy" and a consensus target price of $18.97.

Alpine Income Property Trust Trading Down 0.1%

PINE stock traded down $0.01 during trading on Monday, reaching $15.23. The company had a trading volume of 56,024 shares, compared to its average volume of 76,090. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.94 and a quick ratio of 0.94. Alpine Income Property Trust, Inc. has a 52 week low of $14.51 and a 52 week high of $19.42. The business has a 50 day moving average of $15.87 and a 200 day moving average of $16.59. The company has a market cap of $217.29 million, a P/E ratio of 108.79, a PEG ratio of 1.58 and a beta of 0.60.

Insiders Place Their Bets

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 2,000 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $16.64, for a total transaction of $33,280.00. Following the completion of the transaction, the director now owns 17,143 shares of the company's stock, valued at approximately $285,259.52. This trade represents a 10.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.46% of the company's stock.

Alpine Income Property Trust 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.