Deprince Race & Zollo Inc. Reduces Stock Position in Alpine Income Property Trust, Inc. (NYSE:PINE)

Deprince Race & Zollo Inc. lowered its stake in Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) by 20.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,851 shares of the company's stock after selling 49,998 shares during the quarter. Deprince Race & Zollo Inc. owned 1.39% of Alpine Income Property Trust worth $3,339,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PINE. PNC Financial Services Group Inc. grew 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 purchasing an additional 867 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Alpine Income Property Trust by 26.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company's stock worth $129,000 after buying an additional 1,483 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Alpine Income Property Trust by 7.4% in the 3rd quarter. Tidal Investments LLC now owns 22,906 shares of the company's stock worth $417,000 after buying an additional 1,578 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Alpine Income Property Trust by 5.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,157 shares of the company's stock valued at $607,000 after purchasing an additional 1,977 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Alpine Income Property Trust by 11.7% in the fourth quarter. Rhumbline Advisers now owns 19,916 shares of the company's stock valued at $334,000 after purchasing an additional 2,081 shares during the last quarter. Institutional investors and hedge funds own 60.50% of the company's stock.

Alpine Income Property Trust Price Performance

Shares of Alpine Income Property Trust stock traded up $0.11 during trading on Monday, hitting $15.29. 102,880 shares of the stock traded hands, compared to its average volume of 75,267. The firm's fifty day moving average is $16.02 and its 200-day moving average is $16.70. The stock has a market cap of $218.14 million, a price-to-earnings ratio of 109.21, a PEG ratio of 1.58 and a beta of 0.60. 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 quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.09.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates 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%. Research analysts expect that Alpine Income Property Trust, Inc. will post 1.74 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Andrew C. Richardson sold 2,000 shares of the firm's stock in a transaction that occurred 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 transaction, the director now directly owns 17,143 shares in the company, valued at $285,259.52. This trade represents a 10.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PINE has been the topic of several research analyst reports. Stifel Nicolaus dropped 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 note on Friday, April 25th. Industrial Alliance Securities set a $19.00 target price on shares of Alpine Income Property Trust in a report 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 for the company in a research note on Friday, April 25th. Finally, Alliance Global Partners reissued a "buy" rating on shares of Alpine Income Property Trust in a report 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, the company has an average rating of "Moderate Buy" and an average target price 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.