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

Deutsche Bank AG lifted its holdings in shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) by 84.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,458 shares of the company's stock after buying an additional 19,867 shares during the quarter. Deutsche Bank AG owned about 0.30% of Alpine Income Property Trust worth $730,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new position in shares of Alpine Income Property Trust during the 4th quarter worth about $44,000. PNC Financial Services Group Inc. boosted its stake in Alpine Income Property Trust by 25.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the company's stock worth $72,000 after acquiring an additional 867 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in Alpine Income Property Trust during the fourth quarter valued at approximately $75,000. JPMorgan Chase & Co. grew its holdings in 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. Finally, Hsbc Holdings PLC bought a new stake in Alpine Income Property Trust in the fourth quarter valued at approximately $177,000. Institutional investors and hedge funds own 60.50% of the company's stock.

Analysts Set New Price Targets

PINE has been the subject of several recent analyst reports. Industrial Alliance Securities set a $19.00 price target on Alpine Income Property Trust in a report on Friday, April 25th. Jones Trading cut their price target on shares of Alpine Income Property Trust from $22.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Stifel Nicolaus reduced their price target on shares of Alpine Income Property Trust from $19.25 to $18.75 and set a "buy" rating for the company in a report on Friday, April 25th. UBS Group reduced their target price on shares of Alpine Income Property Trust from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Alliance Global Partners restated a "buy" rating on shares of Alpine Income Property Trust in a report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $18.97.

Alpine Income Property Trust Stock Performance

Shares of NYSE:PINE traded down $0.01 on Friday, hitting $15.34. The company had a trading volume of 57,288 shares, compared to its average volume of 76,746. The stock has a 50 day moving average price of $15.68 and a 200 day moving average price of $16.45. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09. The stock has a market cap of $218.81 million, a price-to-earnings ratio of 109.55, a P/E/G ratio of 1.58 and a beta of 0.60. Alpine Income Property Trust, Inc. has a 1-year low of $14.51 and a 1-year high of $19.42.

Alpine Income Property Trust Announces Dividend

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

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.