D. E. Shaw & Co. Inc. Acquires 46,353 Shares of Alpine Income Property Trust, Inc. (NYSE:PINE)

D. E. Shaw & Co. Inc. grew its position in shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) by 125.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 83,372 shares of the company's stock after purchasing an additional 46,353 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.58% of Alpine Income Property Trust worth $1,400,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Alpine Income Property Trust by 26.6% during the third quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company's stock valued at $129,000 after purchasing an additional 1,483 shares during the period. Sound Income Strategies LLC increased its position in shares of Alpine Income Property Trust by 9.0% during the 4th quarter. Sound Income Strategies LLC now owns 866,916 shares of the company's stock valued at $14,556,000 after purchasing an additional 71,488 shares during the last quarter. Rhumbline Advisers increased its position in shares of Alpine Income Property Trust by 11.7% during the 4th quarter. Rhumbline Advisers now owns 19,916 shares of the company's stock valued at $334,000 after purchasing an additional 2,081 shares during the last quarter. AlphaCentric Advisors LLC purchased a new position in shares of Alpine Income Property Trust in the 4th quarter worth about $1,544,000. Finally, Charles Schwab Investment Management Inc. grew its position in Alpine Income Property Trust by 5.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,157 shares of the company's stock valued at $607,000 after buying an additional 1,977 shares during the period. Institutional investors and hedge funds own 60.50% of the company's stock.

Alpine Income Property Trust Trading Down 0.5%

Alpine Income Property Trust stock traded down $0.08 during trading hours on Wednesday, reaching $15.05. The stock had a trading volume of 6,901 shares, compared to its average volume of 81,367. The stock has a market cap of $214.65 million, a PE ratio of 107.46, a PEG ratio of 1.58 and a beta of 0.60. The company has a fifty day simple moving average of $15.72 and a 200-day simple moving average of $16.47. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.94 and a quick ratio of 0.94. Alpine Income Property Trust, Inc. has a 52 week low of $14.51 and a 52 week high of $19.42.

Analyst Ratings Changes

Several research firms have recently weighed in on PINE. Alliance Global Partners reiterated a "buy" rating on shares of Alpine Income Property Trust in a research note on Friday, April 25th. Jones Trading cut 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 report on Friday, April 25th. 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 note on Tuesday, May 13th. Stifel Nicolaus cut 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 note on Friday, April 25th. Finally, Industrial Alliance Securities set a $19.00 price target on Alpine Income Property Trust in a research report 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $18.97.

About Alpine Income Property Trust

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.