Hsbc Holdings PLC Takes Position in Alpine Income Property Trust, Inc. $PINE

Key Points

• HSBC Holdings acquired 60,957 shares of Alpine Income Property Trust worth approximately $1.27 million, while institutional investors and hedge funds collectively owned 60.5% of PINE at quarter-end.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $21.50, compared with the stock’s reported opening price of $19.41.
• Alpine exceeded quarterly earnings and revenue expectations and raised its quarterly dividend from $0.30 to $0.32 per share, representing a 6.6% annualized yield.

Hsbc Holdings PLC bought a new stake in Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 60,957 shares of the company's stock, valued at approximately $1,267,000. Hsbc Holdings PLC owned 0.35% of Alpine Income Property Trust at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Legal & General Group Plc purchased a new stake in Alpine Income Property Trust during the 2nd quarter worth about $32,000. Globeflex Capital L P acquired a new position in shares of Alpine Income Property Trust during the second quarter worth about $1,535,000. Heartland Advisors Inc. purchased a new stake in shares of Alpine Income Property Trust during the second quarter worth approximately $9,449,000. Virtus Advisers LLC purchased a new stake in shares of Alpine Income Property Trust during the second quarter worth approximately $80,000. Finally, BlackRock Inc. acquired a new stake in Alpine Income Property Trust in the second quarter valued at approximately $28,048,000. 60.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PINE has been the subject of several analyst reports. JonesTrading boosted their price target on shares of Alpine Income Property Trust from $22.00 to $23.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Robert W. Baird reiterated a "neutral" rating and set a $21.00 target price (up from $18.00) on shares of Alpine Income Property Trust in a research note on Monday, June 29th. Alliance Global Partners reissued a "buy" rating on shares of Alpine Income Property Trust in a report on Friday, July 24th. Zacks Research cut Alpine Income Property Trust from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 18th. Finally, Weiss Ratings raised Alpine Income Property Trust from a "hold (c-)" rating to a "hold (c+)" rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Alpine Income Property Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.50.

Insider Buying and Selling

In related news, Director Andrew C. Richardson sold 2,000 shares of the business's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $20.28, for a total value of $40,560.00. Following the completion of the sale, the director directly owned 8,425 shares of the company's stock, valued at $170,859. The trade was a 19.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

Alpine Income Property Trust Stock Performance

Shares of Alpine Income Property Trust stock opened at $19.41 on Tuesday. The firm has a market capitalization of $342.00 million, a P/E ratio of 102.16, a P/E/G ratio of 1.29 and a beta of 0.54. Alpine Income Property Trust, Inc. has a 52 week low of $13.10 and a 52 week high of $21.99. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.03. The firm's 50 day moving average is $20.22 and its two-hundred day moving average is $19.61.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Alpine Income Property Trust had a net margin of 9.36% and a return on equity of 2.11%. The company had revenue of $20.00 million for the quarter, compared to analysts' expectations of $18.85 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.120-2.150 EPS. Research analysts forecast that Alpine Income Property Trust, Inc. will post 2.16 EPS for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, September 10th. This represents a $1.28 annualized dividend and a yield of 6.6%. This is an increase from Alpine Income Property Trust's previous quarterly dividend of $0.30. Alpine Income Property Trust's dividend payout ratio (DPR) is 631.58%.

Alpine Income Property Trust Profile

Alpine Income Property Trust, Inc is a publicly traded real estate investment trust that specializes in acquiring, owning and managing single-tenant net lease properties. The company focuses on sale-leaseback and build-to-suit transactions with food and beverage companies, targeting facilities that support production, distribution and processing operations. By structuring long-term, triple-net leases, Alpine Income Property Trust seeks to deliver stable, predictable cash flow while allowing tenants to unlock capital from real estate assets and reinvest in their core businesses.

The company’s portfolio is diversified across multiple U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source