Alpine Income Property Trust, Inc. $PINE Shares Acquired by Renaissance Technologies LLC

Key Points

• Renaissance Technologies increased its Alpine Income Property Trust stake by 87.1% in the first quarter to 121,200 shares, while institutional investors collectively owned 60.5% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $21.50 target price. Alpine also beat quarterly estimates, reporting $0.16 in EPS versus the $0.14 consensus and $20 million in revenue.
• Alpine raised its quarterly dividend from $0.30 to $0.32 per share, equivalent to an annualized $1.28 dividend and a 6.6% yield, although the reported payout ratio is very high at 631.58%.

Renaissance Technologies LLC raised its stake in shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) by 87.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 121,200 shares of the company's stock after purchasing an additional 56,422 shares during the period. Renaissance Technologies LLC owned 0.73% of Alpine Income Property Trust worth $2,182,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its holdings in shares of Alpine Income Property Trust by 70.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 25,222 shares of the company's stock valued at $454,000 after purchasing an additional 10,421 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Alpine Income Property Trust in the 1st quarter worth $206,000. State of Wyoming purchased a new position in shares of Alpine Income Property Trust in the 1st quarter worth $128,000. Cetera Investment Advisers purchased a new stake in Alpine Income Property Trust during the first quarter valued at about $213,000. Finally, PNC Financial Services Group Inc. grew its position in Alpine Income Property Trust by 13.5% during the first quarter. PNC Financial Services Group Inc. now owns 4,649 shares of the company's stock valued at $84,000 after acquiring an additional 552 shares during the period. Hedge funds and other institutional investors own 60.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PINE shares. Zacks Research lowered Alpine Income Property Trust from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 18th. Huntington initiated coverage on shares of Alpine Income Property Trust in a research report on Wednesday, July 15th. They set an "outperform" rating and a $23.00 target price for the company. Truist Financial cut their price target on shares of Alpine Income Property Trust from $21.00 to $20.00 and set a "hold" rating on the stock in a report on Thursday, May 21st. Weiss Ratings raised shares of Alpine Income Property Trust from a "hold (c-)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Finally, JonesTrading boosted their price objective on shares of Alpine Income Property Trust from $22.00 to $23.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Alpine Income Property Trust has a consensus rating of "Moderate Buy" and a consensus target price of $21.50.

Insider Buying and Selling

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 2,832 shares of the company's stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $19.96, for a total value of $56,526.72. Following the completion of the transaction, the director directly owned 9,544 shares of the company's stock, valued at $190,498.24. This represents a 22.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 6,832 shares of company stock valued at $135,607. Insiders own 0.60% of the company's stock.

Alpine Income Property Trust Stock Down 2.9%

NYSE PINE opened at $19.41 on Tuesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.03. Alpine Income Property Trust, Inc. has a fifty-two week low of $13.10 and a fifty-two week high of $21.99. The business has a 50 day moving average price of $20.20 and a two-hundred day moving average price of $19.46. The stock has a market cap of $342.00 million, a PE ratio of 102.16, a P/E/G ratio of 1.32 and a beta of 0.54.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $20.00 million for the quarter, compared to analyst estimates of $18.85 million. Alpine Income Property Trust had a net margin of 9.36% and a return on equity of 2.11%. Alpine Income Property Trust has set its FY 2026 guidance at 2.120-2.150 EPS. As a group, sell-side analysts predict that Alpine Income Property Trust, Inc. will post 2.16 EPS for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a $0.32 dividend. The ex-dividend date is Thursday, September 10th. This represents a $1.28 dividend on an annualized basis and a yield of 6.6%. This is an increase from Alpine Income Property Trust's previous quarterly dividend of $0.30. Alpine Income Property Trust's dividend payout ratio (DPR) is presently 631.58%.

About Alpine Income Property Trust

Alpine Income Property Trust, Inc is a publicly traded real estate investment trust that specializes in acquiring, owning and managing single-tenant net lease properties. The company focuses on sale-leaseback and build-to-suit transactions with food and beverage companies, targeting facilities that support production, distribution and processing operations. By structuring long-term, triple-net leases, Alpine Income Property Trust seeks to deliver stable, predictable cash flow while allowing tenants to unlock capital from real estate assets and reinvest in their core businesses.

The company’s portfolio is diversified across multiple U.S.

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