Nuveen Asset Management LLC Buys 97,910 Shares of Alpine Income Property Trust, Inc. (NYSE:PINE)

Nuveen Asset Management LLC grew its holdings in shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) by 127.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 174,465 shares of the company's stock after buying an additional 97,910 shares during the quarter. Nuveen Asset Management LLC owned 1.22% of Alpine Income Property Trust worth $2,929,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC increased its position in Alpine Income Property Trust by 6.6% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 297,221 shares of the company's stock worth $4,990,000 after buying an additional 18,293 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Alpine Income Property Trust by 15.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 198,906 shares of the company's stock valued at $3,340,000 after purchasing an additional 26,305 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Alpine Income Property Trust by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 133,173 shares of the company's stock valued at $2,236,000 after purchasing an additional 3,917 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Alpine Income Property Trust during the fourth quarter valued at $2,130,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Alpine Income Property Trust by 16.1% during the fourth quarter. Renaissance Technologies LLC now owns 111,800 shares of the company's stock valued at $1,877,000 after purchasing an additional 15,500 shares during the period. 60.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Alpine Income Property Trust Stock Down 1.9%

NYSE PINE traded down $0.29 during trading on Wednesday, reaching $15.21. 66,087 shares of the company's stock were exchanged, compared to its average volume of 77,746. The firm has a market capitalization of $217.00 million, a PE ratio of 108.64, a P/E/G ratio of 1.58 and a beta of 0.61. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09. Alpine Income Property Trust, Inc. has a fifty-two week low of $14.51 and a fifty-two week high of $19.42. The company's fifty day simple moving average is $15.61 and its 200-day simple moving average is $16.39.

Alpine Income Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.285 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.14 annualized dividend and a dividend yield of 7.50%. Alpine Income Property Trust's dividend 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.