Raymond James Financial Inc. Purchases Shares of 126,871 Alpine Income Property Trust, Inc. (NYSE:PINE)

Raymond James Financial Inc. acquired a new stake in Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 126,871 shares of the company's stock, valued at approximately $2,130,000. Raymond James Financial Inc. owned 0.89% of Alpine Income Property Trust at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position 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 valued at $129,000 after buying an additional 1,483 shares during the last quarter. Barclays PLC raised its stake in shares of Alpine Income Property Trust by 282.4% in the third quarter. Barclays PLC now owns 16,411 shares of the company's stock valued at $299,000 after buying an additional 12,119 shares during the period. Cottage Street Advisors LLC lifted its stake in shares of 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 buying an additional 24,127 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of Alpine Income Property Trust in the fourth quarter worth about $493,000. Finally, PNC Financial Services Group Inc. raised its position in Alpine Income Property Trust by 25.4% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 60.50% of the company's stock.

Insider Transactions at Alpine Income Property Trust

In related news, Director Andrew C. Richardson sold 2,000 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $16.64, for a total transaction of $33,280.00. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PINE shares. Industrial Alliance Securities set a $19.00 price target on Alpine Income Property Trust in a research report on Friday, April 25th. Stifel Nicolaus decreased their price target on shares of 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. Alliance Global Partners reaffirmed a "buy" rating on shares of Alpine Income Property Trust in a report on Friday, April 25th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Alpine Income Property Trust presently has an average rating of "Moderate Buy" and a consensus target price of $19.31.

Alpine Income Property Trust Stock Down 0.0 %

Alpine Income Property Trust stock traded down $0.01 during midday trading on Friday, reaching $15.42. The company's stock had a trading volume of 71,022 shares, compared to its average volume of 74,825. 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 stock has a market capitalization of $223.15 million, a P/E ratio of 110.11, a PEG ratio of 1.58 and a beta of 0.57. The stock's 50-day simple moving average is $16.16 and its 200-day simple moving average is $16.82. Alpine Income Property Trust, Inc. has a 52-week low of $14.51 and a 52-week high of $19.42.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts expect that Alpine Income Property Trust, Inc. will post 1.74 EPS for the current year.

Alpine Income Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were given a $0.285 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Alpine Income Property Trust's previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.40%. Alpine Income Property Trust's payout ratio is 1,425.00%.

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.