Jacobs Levy Equity Management Inc. Has $613,000 Holdings in Alpine Income Property Trust, Inc. (NYSE:PINE)

Jacobs Levy Equity Management Inc. boosted its holdings in Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) by 97.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,517 shares of the company's stock after acquiring an additional 18,029 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.26% of Alpine Income Property Trust worth $613,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PINE. PNC Financial Services Group Inc. increased its position in shares of 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 valued at $72,000 after purchasing an additional 867 shares during the period. JPMorgan Chase & Co. increased its position in shares of Alpine Income Property Trust by 26.6% during the 3rd 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. Charles Schwab Investment Management Inc. increased its position in shares of Alpine Income Property Trust by 5.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 36,157 shares of the company's stock valued at $607,000 after purchasing an additional 1,977 shares during the period. Rhumbline Advisers increased its position in shares of Alpine Income Property Trust by 11.7% during the 4th quarter. Rhumbline Advisers now owns 19,916 shares of the company's stock valued at $334,000 after purchasing an additional 2,081 shares during the period. Finally, Jump Financial LLC increased its position in shares of Alpine Income Property Trust by 22.6% during the 4th quarter. Jump Financial LLC now owns 12,752 shares of the company's stock valued at $214,000 after purchasing an additional 2,348 shares during the period. 60.50% of the stock is currently owned by institutional investors and hedge funds.

Alpine Income Property Trust Stock Up 0.4%

Shares of PINE stock traded up $0.06 on Friday, reaching $14.87. 60,149 shares of the company's stock traded hands, compared to its average volume of 76,358. Alpine Income Property Trust, Inc. has a 12-month low of $14.51 and a 12-month high of $19.42. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $212.21 million, a P/E ratio of 106.24, a price-to-earnings-growth ratio of 1.58 and a beta of 0.60. The business's 50 day moving average price is $15.78 and its two-hundred day moving average price is $16.52.

Insider Activity

In other news, Director Andrew C. Richardson sold 2,000 shares of Alpine Income Property Trust stock in a transaction on Monday, February 24th. The stock was sold at an average price of $16.64, for a total transaction of $33,280.00. Following the transaction, the director now owns 17,143 shares in the company, valued at approximately $285,259.52. The trade was a 10.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PINE shares. Alliance Global Partners reiterated a "buy" rating on shares of Alpine Income Property Trust in a research report 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. Industrial Alliance Securities set a $19.00 price objective on Alpine Income Property Trust in a research note on Friday, April 25th. Jones Trading reduced their price objective on 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, Stifel Nicolaus reduced their price objective on Alpine Income Property Trust from $19.25 to $18.75 and set a "buy" rating for the company in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $18.97.

Alpine Income Property Trust 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.