Alpine Income Property Trust, Inc. (NYSE:PINE) Position Increased by Nuveen Asset Management LLC

Nuveen Asset Management LLC increased its holdings in shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) by 127.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 174,465 shares of the company's stock after purchasing 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 filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. BNP Paribas Financial Markets acquired a new position in shares of Alpine Income Property Trust during the fourth quarter worth about $44,000. PNC Financial Services Group Inc. raised its holdings 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 buying an additional 867 shares during the period. Resona Asset Management Co. Ltd. acquired a new position in Alpine Income Property Trust during the 4th quarter worth approximately $75,000. JPMorgan Chase & Co. boosted its holdings in Alpine Income Property Trust by 26.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company's stock worth $129,000 after acquiring an additional 1,483 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in Alpine Income Property Trust in the 4th quarter worth approximately $177,000. Hedge funds and other institutional investors own 60.50% of the company's stock.

Alpine Income Property Trust Stock Up 0.2%

PINE traded up $0.03 during trading on Friday, hitting $15.36. The company had a trading volume of 56,841 shares, compared to its average volume of 78,240. Alpine Income Property Trust, Inc. has a 1-year low of $14.51 and a 1-year high of $19.42. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $219.07 million, a PE ratio of 109.68, a P/E/G ratio of 1.58 and a beta of 0.61. The business has a 50-day moving average of $15.52 and a 200-day moving average of $16.35.

Alpine Income Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.285 per share. The ex-dividend date is Thursday, June 12th. This represents a $1.14 annualized dividend and a dividend yield of 7.42%. Alpine Income Property Trust's payout ratio is 1,425.00%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PINE. Jones Trading dropped 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 target on shares of Alpine Income Property Trust from $17.00 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Alliance Global Partners reiterated a "buy" rating on shares of Alpine Income Property Trust in a report on Friday, April 25th. Stifel Nicolaus decreased their price objective on shares of 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. Finally, Industrial Alliance Securities set a $19.00 target price on Alpine Income Property Trust in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Alpine Income Property Trust has a consensus rating of "Moderate Buy" and an average target price of $18.97.

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.