Jacobs Levy Equity Management Inc. raised its stake in shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) by 97.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 36,517 shares of the company's stock after acquiring an additional 18,029 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.26% of Alpine Income Property Trust worth $613,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Alpine Income Property Trust during the 4th quarter valued at about $2,130,000. JPMorgan Chase & Co. lifted its stake in 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 acquiring an additional 1,483 shares during the period. Barclays PLC lifted its stake in Alpine Income Property Trust by 282.4% during the 3rd quarter. Barclays PLC now owns 16,411 shares of the company's stock valued at $299,000 after acquiring an additional 12,119 shares during the period. Cottage Street Advisors LLC lifted its stake in Alpine Income Property Trust by 124.9% during the 4th quarter. Cottage Street Advisors LLC now owns 43,437 shares of the company's stock valued at $729,000 after acquiring an additional 24,127 shares during the period. Finally, Thrivent Financial for Lutherans bought a new position in Alpine Income Property Trust during the 4th quarter valued at about $493,000. Institutional investors own 60.50% of the company's stock.
Insiders Place Their Bets
In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $16.64, for a total transaction of $33,280.00. Following the sale, the director now owns 17,143 shares in the company, valued at approximately $285,259.52. This trade represents a 10.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
PINE has been the topic of several research analyst reports. Industrial Alliance Securities set a $19.00 target price on shares of Alpine Income Property Trust in a research note on Friday, April 25th. Jones Trading lowered their price objective 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. UBS Group lowered their price objective on shares of Alpine Income Property Trust from $17.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Alliance Global Partners reiterated a "buy" rating on shares of Alpine Income Property Trust in a research note on Friday, April 25th. Finally, Stifel Nicolaus lowered their price objective on shares of Alpine Income Property Trust from $19.25 to $18.75 and set a "buy" rating on the stock in a research note on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.97.
View Our Latest Report on Alpine Income Property Trust
Alpine Income Property Trust Price Performance
NYSE PINE opened at $15.22 on Friday. Alpine Income Property Trust, Inc. has a 12 month low of $14.51 and a 12 month high of $19.42. The stock has a market cap of $217.14 million, a price-to-earnings ratio of 108.71, a PEG ratio of 1.58 and a beta of 0.60. The company's 50 day moving average is $15.89 and its two-hundred day moving average is $16.61. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09.
About Alpine Income Property Trust
(
Free Report)
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.
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