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

Two Sigma Advisers LP acquired a new position in shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 reporting period.

Several other hedge funds have also recently bought and sold shares of PINE. BNP Paribas Financial Markets acquired a new stake in shares of Alpine Income Property Trust in the fourth quarter valued at $44,000. PNC Financial Services Group Inc. increased its stake in shares of 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 valued at $72,000 after buying an additional 867 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of Alpine Income Property Trust in the fourth quarter valued at $75,000. Hsbc Holdings PLC acquired a new stake in shares of Alpine Income Property Trust in the fourth quarter valued at $177,000. Finally, Stifel Financial Corp acquired a new stake in shares of Alpine Income Property Trust in the fourth quarter valued at $206,000. 60.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Alpine Income Property Trust Stock Up 0.2%

Shares of NYSE PINE traded up $0.03 during mid-day trading on Friday, reaching $15.36. 56,841 shares of the company's stock were exchanged, compared to its average volume of 78,459. The firm has a market capitalization of $219.07 million, a price-to-earnings ratio of 109.68, a PEG ratio of 1.58 and a beta of 0.61. 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 business has a fifty day simple moving average of $15.52 and a 200 day simple moving average of $16.33. Alpine Income Property Trust, Inc. has a twelve month low of $14.51 and a twelve month high of $19.42.

Alpine Income Property Trust Dividend Announcement

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

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.