Alpine Income Property Trust, Inc. (NYSE:PINE) Position Increased by Guardian Wealth Management Inc.

Guardian Wealth Management Inc. boosted its holdings in shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) by 52.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,905 shares of the company's stock after buying an additional 19,929 shares during the quarter. Guardian Wealth Management Inc. owned approximately 0.41% of Alpine Income Property Trust worth $968,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in shares of Alpine Income Property Trust during the fourth quarter worth $43,000. BNP Paribas Financial Markets purchased a new position in Alpine Income Property Trust in the fourth quarter valued at $44,000. GAMMA Investing LLC increased its stake in shares of Alpine Income Property Trust by 9,844.7% during the first quarter. GAMMA Investing LLC now owns 3,779 shares of the company's stock worth $63,000 after purchasing an additional 3,741 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Alpine Income Property Trust by 25.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the company's stock worth $72,000 after purchasing an additional 867 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new stake in shares of Alpine Income Property Trust during the fourth quarter worth about $75,000. 60.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on PINE. Jones Trading dropped their price target on shares of Alpine Income Property Trust from $20.00 to $19.00 and set a "buy" rating for the company in a research note on Friday. UBS Group reduced their target price on shares of Alpine Income Property Trust from $16.00 to $15.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. Industrial Alliance Securities set a $19.00 price objective on shares of Alpine Income Property Trust in a research report on Friday, April 25th. Alliance Global Partners reaffirmed a "buy" rating on shares of Alpine Income Property Trust in a research report on Friday, April 25th. Finally, Stifel Nicolaus lowered their price objective on shares of Alpine Income Property Trust from $18.50 to $17.50 and set a "buy" rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Alpine Income Property Trust has an average rating of "Moderate Buy" and a consensus price target of $18.44.

Alpine Income Property Trust Stock Down 1.2%

Shares of NYSE PINE traded down $0.17 during trading on Friday, reaching $14.29. 105,046 shares of the stock were exchanged, compared to its average volume of 84,685. The business's 50-day moving average price is $14.91 and its 200 day moving average price is $15.78. Alpine Income Property Trust, Inc. has a twelve month low of $14.07 and a twelve month high of $19.42. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $203.92 million, a price-to-earnings ratio of 178.65, a price-to-earnings-growth ratio of 1.37 and a beta of 0.58.

Alpine Income Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 12th were paid a dividend of $0.285 per share. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $1.14 annualized dividend and a yield of 7.98%. Alpine Income Property Trust's payout ratio is 1,425.00%.

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.