JPMorgan Chase & Co. Raises Stock Position in Alpine Income Property Trust, Inc. (NYSE:PINE)

JPMorgan Chase & Co. increased its holdings in shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) by 618.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,780 shares of the company's stock after purchasing an additional 43,712 shares during the period. JPMorgan Chase & Co. owned approximately 0.36% of Alpine Income Property Trust worth $853,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PINE. PNC Financial Services Group Inc. increased its position in Alpine Income Property Trust by 25.4% in 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 in the last quarter. Tidal Investments LLC grew its stake in Alpine Income Property Trust by 7.4% in the third quarter. Tidal Investments LLC now owns 22,906 shares of the company's stock valued at $417,000 after acquiring an additional 1,578 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Alpine Income Property Trust by 5.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,157 shares of the company's stock valued at $607,000 after acquiring an additional 1,977 shares in the last quarter. Rhumbline Advisers raised its position in shares of Alpine Income Property Trust by 11.7% during the fourth quarter. Rhumbline Advisers now owns 19,916 shares of the company's stock worth $334,000 after purchasing an additional 2,081 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Alpine Income Property Trust in the 3rd quarter worth $200,000. Institutional investors and hedge funds own 60.50% of the company's stock.

Insider Transactions at Alpine Income Property Trust

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 value of $33,280.00. Following the completion of the transaction, the director now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company's stock.

Alpine Income Property Trust Stock Performance

PINE traded down $0.01 during trading on Friday, hitting $15.42. 71,022 shares of the company traded hands, compared to its average volume of 74,846. Alpine Income Property Trust, Inc. has a one year low of $14.51 and a one year high of $19.42. The stock's fifty day moving average is $16.16 and its 200 day moving average is $16.81. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.09. The firm has a market cap of $223.15 million, a P/E ratio of 110.11, a price-to-earnings-growth ratio of 1.58 and a beta of 0.57.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.04 by $0.40. Alpine Income Property Trust had a return on equity of 0.76% and a net margin of 3.96%. As a group, equities analysts predict that Alpine Income Property Trust, Inc. will post 1.74 EPS for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 13th were given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 7.40%. The ex-dividend date was Thursday, March 13th. This is a positive change from Alpine Income Property Trust's previous quarterly dividend of $0.28. Alpine Income Property Trust's dividend payout ratio (DPR) is currently 1,425.00%.

Wall Street Analysts Forecast Growth

PINE has been the subject of a number of recent research reports. Alliance Global Partners restated a "buy" rating on shares of Alpine Income Property Trust in a research note on Friday, April 25th. Jones Trading decreased their target price on shares of Alpine Income Property Trust from $22.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Stifel Nicolaus dropped their price target on shares of Alpine Income Property Trust from $19.25 to $18.75 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Industrial Alliance Securities set a $19.00 price objective on Alpine Income Property Trust in a 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. According to data from MarketBeat, Alpine Income Property Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.31.

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.