BlackRock Inc. Invests $28.05 Million in Alpine Income Property Trust, Inc. $PINE

Key Points

• BlackRock acquired a major stake in Alpine Income Property Trust during the second quarter, purchasing 1.35 million shares worth approximately $28.05 million and owning 7.67% of the company. Institutional investors and hedge funds collectively own 60.5% of PINE.
• Alpine reported quarterly EPS of $0.16, exceeding the $0.14 analyst consensus, while revenue of $20 million also topped estimates. Analysts maintain a “Moderate Buy” consensus with an average price target of $21.50.
• The company raised its quarterly dividend from $0.30 to $0.32 per share, implying an annualized dividend of $1.28 and a 6.6% yield, though its payout ratio is exceptionally high at 631.58%.

BlackRock Inc. bought a new stake in Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,351,047 shares of the company's stock, valued at approximately $28,048,000. BlackRock Inc. owned 7.67% of Alpine Income Property Trust at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in Alpine Income Property Trust by 87.1% in the 1st quarter. Renaissance Technologies LLC now owns 121,200 shares of the company's stock worth $2,182,000 after buying an additional 56,422 shares in the last quarter. Globeflex Capital L P boosted its position in Alpine Income Property Trust by 83.0% in the 4th quarter. Globeflex Capital L P now owns 73,955 shares of the company's stock valued at $1,237,000 after buying an additional 33,536 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Alpine Income Property Trust during the first quarter valued at about $847,000. Gabelli Funds LLC grew its stake in shares of Alpine Income Property Trust by 25.2% during the fourth quarter. Gabelli Funds LLC now owns 205,016 shares of the company's stock valued at $3,428,000 after acquiring an additional 41,280 shares in the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of Alpine Income Property Trust during the second quarter worth about $799,000. 60.50% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alpine Income Property Trust

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 2,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $20.28, for a total transaction of $40,560.00. Following the transaction, the director owned 8,425 shares of the company's stock, valued at $170,859. This trade represents a 19.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Alpine Income Property Trust Price Performance

Shares of PINE stock opened at $19.50 on Thursday. The firm has a fifty day moving average of $20.21 and a two-hundred day moving average of $19.61. The firm has a market cap of $343.52 million, a P/E ratio of 102.62, a P/E/G ratio of 1.29 and a beta of 0.54. Alpine Income Property Trust, Inc. has a 1-year low of $13.10 and a 1-year high of $21.99. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.85 and a quick ratio of 1.85.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last issued its earnings results 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. Alpine Income Property Trust had a net margin of 9.36% and a return on equity of 2.11%. The business had revenue of $20.00 million for the quarter, compared to analyst estimates of $18.85 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.120-2.150 EPS. As a group, research analysts anticipate that Alpine Income Property Trust, Inc. will post 2.16 earnings per share 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 paid a dividend of $0.32 per share. The ex-dividend date is Thursday, September 10th. This is an increase from Alpine Income Property Trust's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 6.6%. Alpine Income Property Trust's payout ratio is currently 631.58%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PINE shares. Weiss Ratings upgraded Alpine Income Property Trust from a "hold (c-)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. Huntington started coverage on Alpine Income Property Trust in a research note on Wednesday, July 15th. They set an "outperform" rating and a $23.00 price objective for the company. Zacks Research downgraded Alpine Income Property Trust from a "strong-buy" rating to a "hold" rating in a report on Monday, May 18th. Alliance Global Partners reaffirmed a "buy" rating on shares of Alpine Income Property Trust in a research report on Friday, July 24th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $21.00 target price (up from $18.00) on shares of Alpine Income Property Trust in a research note on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Alpine Income Property Trust presently has a consensus rating of "Moderate Buy" and an average price target of $21.50.

Alpine Income Property Trust Company Profile

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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