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

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

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Crossingbridge Advisors LLC purchased a new stake in shares of Alpine Income Property Trust during the fourth quarter valued at approximately $1,544,000. Hsbc Holdings PLC purchased a new stake in shares of Alpine Income Property Trust during the fourth quarter valued at approximately $177,000. Stifel Financial Corp purchased a new stake in shares of Alpine Income Property Trust during the fourth quarter valued at approximately $206,000. Dimensional Fund Advisors LP increased its position in shares of Alpine Income Property Trust by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 133,173 shares of the company's stock valued at $2,236,000 after acquiring an additional 3,917 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Alpine Income Property Trust by 32.3% in the fourth quarter. Marshall Wace LLP now owns 52,557 shares of the company's stock worth $882,000 after buying an additional 12,843 shares during the last quarter. 60.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PINE. UBS Group decreased 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 report on Tuesday, May 13th. Industrial Alliance Securities set a $19.00 target price on Alpine Income Property Trust in a research report on Friday, April 25th. Alliance Global Partners reissued a "buy" rating on shares of Alpine Income Property Trust in a research report on Friday, April 25th. Stifel Nicolaus decreased their target price 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. Finally, Jones Trading decreased 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 report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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, hitting $15.36. The company had a trading volume of 56,841 shares, compared to its average volume of 78,459. The company has a market capitalization of $219.07 million, a price-to-earnings ratio of 109.68, a P/E/G ratio of 1.58 and a beta of 0.61. Alpine Income Property Trust, Inc. has a 1 year low of $14.51 and a 1 year high of $19.42. 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 stock's 50-day moving average price is $15.52 and its 200-day moving average price is $16.33.

Alpine Income Property Trust Dividend Announcement

The business 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 $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 7.42%. The ex-dividend date is Thursday, June 12th. Alpine Income Property Trust's dividend payout ratio (DPR) is presently 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.