Jane Street Group LLC Sells 29,068 Shares of Alpine Income Property Trust, Inc. (NYSE:PINE)

Jane Street Group LLC lowered its holdings in shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) by 66.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,418 shares of the company's stock after selling 29,068 shares during the period. Jane Street Group LLC owned approximately 0.10% of Alpine Income Property Trust worth $242,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PINE. PNC Financial Services Group Inc. raised its position in shares of Alpine Income Property Trust by 25.4% during 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 stake in Alpine Income Property Trust during the 4th quarter valued at $75,000. Hsbc Holdings PLC bought a new stake in Alpine Income Property Trust during the 4th quarter valued at $177,000. Stifel Financial Corp acquired a new position in Alpine Income Property Trust during the fourth quarter worth $206,000. Finally, Jump Financial LLC lifted its stake in shares of Alpine Income Property Trust by 22.6% in the fourth quarter. Jump Financial LLC now owns 12,752 shares of the company's stock valued at $214,000 after buying an additional 2,348 shares in the last quarter. 60.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PINE has been the topic of several recent research reports. UBS Group dropped their price target on shares of Alpine Income Property Trust from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Alliance Global Partners reaffirmed a "buy" rating on shares of Alpine Income Property Trust in a research report on Friday, April 25th. Industrial Alliance Securities set a $19.00 price target on Alpine Income Property Trust in a research report on Friday, April 25th. Stifel Nicolaus cut 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 report on Friday, April 25th. Finally, Jones Trading reduced their target price on shares of 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. Two investment 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, Alpine Income Property Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.97.

Alpine Income Property Trust Stock Performance

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 78,038. The firm has a 50-day moving average price of $15.56 and a two-hundred day moving average price of $16.36. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $219.07 million, a price-to-earnings ratio of 109.68, a price-to-earnings-growth ratio of 1.58 and a beta of 0.61. Alpine Income Property Trust, Inc. has a 52 week low of $14.51 and a 52 week high of $19.42.

Alpine Income Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 7.42%. The ex-dividend date is Thursday, June 12th. Alpine Income Property Trust's dividend payout ratio (DPR) is 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.