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

D. E. Shaw & Co. Inc. boosted its holdings in shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) by 125.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,372 shares of the company's stock after purchasing an additional 46,353 shares during the period. 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 added to or reduced their stakes in PINE. Sound Income Strategies LLC lifted its position in 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 worth $14,556,000 after buying an additional 71,488 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in shares of Alpine Income Property Trust by 6.6% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 297,221 shares of the company's stock valued at $4,990,000 after purchasing an additional 18,293 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Alpine Income Property Trust by 15.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 198,906 shares of the company's stock worth $3,340,000 after buying an additional 26,305 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Alpine Income Property Trust by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 133,173 shares of the company's stock worth $2,236,000 after buying an additional 3,917 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Alpine Income Property Trust during the fourth quarter worth approximately $2,130,000. Institutional investors own 60.50% of the company's stock.

Alpine Income Property Trust Trading Up 0.9%

NYSE PINE traded up $0.14 during trading hours on Tuesday, reaching $15.04. The company's stock had a trading volume of 24,990 shares, compared to its average volume of 81,784. The firm has a fifty day simple moving average of $15.75 and a 200-day simple moving average of $16.48. 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. The stock has a market cap of $214.50 million, a P/E ratio of 107.39, a P/E/G ratio of 1.58 and a beta of 0.60.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Industrial Alliance Securities set a $19.00 price objective on Alpine Income Property Trust in a research note on Friday, April 25th. Alliance Global Partners restated a "buy" rating on shares of Alpine Income Property Trust in a research report on Friday, April 25th. UBS Group reduced their price objective 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. Jones Trading decreased their price objective on shares of Alpine Income Property Trust from $22.00 to $20.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Stifel Nicolaus cut their target price 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. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.97.

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.