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

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

A number of other large investors also recently added to or reduced their stakes in the business. Sound Income Strategies LLC lifted its holdings in Alpine Income Property Trust by 9.0% in the 4th quarter. Sound Income Strategies LLC now owns 866,916 shares of the company's stock worth $14,556,000 after purchasing an additional 71,488 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its position in shares of Alpine Income Property Trust by 6.6% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 297,221 shares of the company's stock valued at $4,990,000 after purchasing an additional 18,293 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Alpine Income Property Trust by 15.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 198,906 shares of the company's stock valued at $3,340,000 after purchasing an additional 26,305 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Alpine Income Property Trust by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 133,173 shares of the company's stock valued at $2,236,000 after purchasing an additional 3,917 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Alpine Income Property Trust during the 4th quarter valued at approximately $2,130,000. 60.50% of the stock is owned by hedge funds and other institutional investors.

Alpine Income Property Trust Stock Up 1.1%

Shares of PINE traded up $0.17 during midday trading on Friday, reaching $15.22. 74,593 shares of the stock were exchanged, compared to its average volume of 75,954. Alpine Income Property Trust, Inc. has a 52 week low of $14.51 and a 52 week high of $19.42. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09. The company's 50 day moving average is $15.89 and its two-hundred day moving average is $16.62. The company has a market capitalization of $217.14 million, a P/E ratio of 108.71, a PEG ratio of 1.58 and a beta of 0.60.

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 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 sale, the director now directly owns 17,143 shares in the company, valued at $285,259.52. This represents a 10.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.46% of the company's stock.

Analyst Upgrades and Downgrades

PINE has been the topic of several analyst reports. UBS Group cut their target price on Alpine Income Property Trust from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday. Alliance Global Partners reissued a "buy" rating on shares of Alpine Income Property Trust in a research report on Friday, April 25th. Jones Trading cut their price objective on Alpine Income Property Trust from $22.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Stifel Nicolaus cut their price objective on Alpine Income Property Trust from $19.25 to $18.75 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Industrial Alliance Securities set a $19.00 price objective on Alpine Income Property Trust in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $18.97.

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.