Deprince Race & Zollo Inc. Sells 49,998 Shares of Alpine Income Property Trust, Inc. (NYSE:PINE)

Deprince Race & Zollo Inc. lessened its holdings in shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) by 20.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 198,851 shares of the company's stock after selling 49,998 shares during the quarter. Deprince Race & Zollo Inc. owned about 1.39% of Alpine Income Property Trust worth $3,339,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cubist Systematic Strategies LLC increased its holdings in Alpine Income Property Trust by 216.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 62,100 shares of the company's stock worth $1,043,000 after buying an additional 42,458 shares in the last quarter. Bank of America Corp DE grew its position in shares of 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 buying an additional 3,463 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Alpine Income Property Trust during the 4th quarter valued at $44,000. Ameriprise Financial Inc. boosted its stake in Alpine Income Property Trust by 28.8% in the fourth quarter. Ameriprise Financial Inc. now owns 13,810 shares of the company's stock valued at $232,000 after acquiring an additional 3,088 shares in the last quarter. Finally, Crossingbridge Advisors LLC acquired a new position in shares of Alpine Income Property Trust during the fourth quarter valued at about $1,544,000. 60.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Alpine Income Property Trust Trading Down 2.3%

Shares of Alpine Income Property Trust stock traded down $0.34 on Wednesday, hitting $14.76. The stock had a trading volume of 52,296 shares, compared to its average volume of 75,354. The firm has a market capitalization of $210.58 million, a P/E ratio of 105.43, a PEG 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, Inc. has a twelve month low of $14.51 and a twelve month high of $19.42. The stock has a 50 day moving average of $15.97 and a 200 day moving average of $16.67.

Insiders Place Their Bets

In other news, Director Andrew C. Richardson sold 2,000 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $16.64, for a total value of $33,280.00. Following the sale, the director now directly owns 17,143 shares of the company's stock, valued at approximately $285,259.52. This represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate 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.