Two Sigma Advisers LP Makes New Investment in Alpine Income Property Trust, Inc. (NYSE:PINE)

Two Sigma Advisers LP acquired a new position in Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,900 shares of the company's stock, valued at approximately $452,000. Two Sigma Advisers LP owned approximately 0.19% of Alpine Income Property Trust at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BNP Paribas Financial Markets purchased a new position in shares of Alpine Income Property Trust in the 4th quarter valued at approximately $44,000. PNC Financial Services Group Inc. grew its stake in Alpine Income Property Trust by 25.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the company's stock worth $72,000 after purchasing an additional 867 shares during the period. Resona Asset Management Co. Ltd. bought a new position in Alpine Income Property Trust in the fourth quarter worth $75,000. Hsbc Holdings PLC bought a new position in Alpine Income Property Trust in the fourth quarter worth $177,000. Finally, Stifel Financial Corp purchased a new position in Alpine Income Property Trust during the fourth quarter valued at $206,000. 60.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Industrial Alliance Securities set a $19.00 target price on shares of Alpine Income Property Trust in a research report on Friday, April 25th. Stifel Nicolaus decreased their price objective on shares of Alpine Income Property Trust from $19.25 to $18.75 and set a "buy" rating for the company 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 on the stock in a research note on Friday, April 25th. UBS Group reduced their target price 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. Finally, Alliance Global Partners reaffirmed a "buy" rating on shares of Alpine Income Property Trust in a report on Friday, April 25th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $18.97.

Alpine Income Property Trust Stock Performance

Shares of NYSE PINE traded up $0.03 during midday trading on Friday, hitting $15.36. 56,841 shares of the stock traded hands, compared to its average volume of 78,038. The firm has a market capitalization of $219.07 million, a P/E ratio of 109.68, a PEG ratio of 1.58 and a beta of 0.61. Alpine Income Property Trust, Inc. has a one year low of $14.51 and a one year high of $19.42. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a 50-day moving average of $15.56 and a two-hundred day moving average of $16.36.

Alpine Income Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.285 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.42%. Alpine Income Property Trust's dividend payout ratio is currently 1,425.00%.

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.