Deutsche Bank AG Purchases 19,867 Shares of Alpine Income Property Trust, Inc. (NYSE:PINE)

Deutsche Bank AG grew its holdings in Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) by 84.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,458 shares of the company's stock after purchasing an additional 19,867 shares during the period. Deutsche Bank AG owned approximately 0.30% of Alpine Income Property Trust worth $730,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. D. E. Shaw & Co. Inc. lifted its holdings in shares of Alpine Income Property Trust by 125.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 83,372 shares of the company's stock valued at $1,400,000 after purchasing an additional 46,353 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Alpine Income Property Trust by 216.2% in the fourth quarter. Cubist Systematic Strategies LLC now owns 62,100 shares of the company's stock valued at $1,043,000 after purchasing an additional 42,458 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Alpine Income Property Trust by 32.4% in the fourth quarter. Bank of America Corp DE now owns 14,158 shares of the company's stock valued at $238,000 after purchasing an additional 3,463 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Alpine Income Property Trust in the fourth quarter worth $44,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Alpine Income Property Trust by 28.8% in the fourth quarter. Ameriprise Financial Inc. now owns 13,810 shares of the company's stock worth $232,000 after acquiring an additional 3,088 shares during the last quarter. Hedge funds and other institutional investors own 60.50% of the company's stock.

Alpine Income Property Trust Price Performance

PINE traded down $0.01 during midday trading on Friday, reaching $15.34. 57,288 shares of the company's stock were exchanged, compared to its average volume of 77,135. The firm has a market capitalization of $218.81 million, a price-to-earnings ratio of 109.55, a price-to-earnings-growth ratio of 1.58 and a beta of 0.60. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.09. Alpine Income Property Trust, Inc. has a one year low of $14.51 and a one year high of $19.42. The business has a 50-day simple moving average of $15.66 and a two-hundred day simple moving average of $16.41.

Alpine Income Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 7.43%. The ex-dividend date of this dividend is Thursday, June 12th. Alpine Income Property Trust's dividend payout ratio is 1,425.00%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PINE shares. Industrial Alliance Securities set a $19.00 price target on shares of Alpine Income Property Trust in a research note on Friday, April 25th. UBS Group lowered their price target on Alpine Income Property Trust from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Stifel Nicolaus lowered their price target on Alpine Income Property Trust from $19.25 to $18.75 and set a "buy" rating on the stock in a research report on Friday, April 25th. Jones Trading reduced 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 note on Friday, April 25th. Finally, Alliance Global Partners reissued a "buy" rating on shares of 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. According to data from MarketBeat.com, Alpine Income Property Trust has a consensus rating of "Moderate Buy" and a consensus target price 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.