Foundry Partners LLC Has $2.65 Million Stake in Alpine Income Property Trust, Inc. (NYSE:PINE)

Foundry Partners LLC trimmed its holdings in shares of Alpine Income Property Trust, Inc. (NYSE:PINE) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 156,630 shares of the company’s stock after selling 2,845 shares during the quarter. Foundry Partners LLC owned about 1.14% of Alpine Income Property Trust worth $2,649,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Sound Income Strategies LLC boosted its holdings in Alpine Income Property Trust by 7.6% during the fourth quarter. Sound Income Strategies LLC now owns 574,075 shares of the company’s stock valued at $9,708,000 after acquiring an additional 40,536 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in Alpine Income Property Trust by 4.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 213,000 shares of the company’s stock valued at $3,485,000 after acquiring an additional 10,000 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in Alpine Income Property Trust by 0.7% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 210,880 shares of the company’s stock valued at $3,450,000 after acquiring an additional 1,485 shares during the period. Truvestments Capital LLC boosted its holdings in Alpine Income Property Trust by 2.1% during the third quarter. Truvestments Capital LLC now owns 114,343 shares of the company’s stock valued at $1,871,000 after acquiring an additional 2,392 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Alpine Income Property Trust by 6.5% during the third quarter. Bank of New York Mellon Corp now owns 111,337 shares of the company’s stock valued at $1,821,000 after acquiring an additional 6,756 shares during the period. 60.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PINE shares. BTIG Research reduced their target price on shares of Alpine Income Property Trust from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Monday. Alliance Global Partners started coverage on shares of Alpine Income Property Trust in a research note on Thursday, April 11th. They issued a “buy” rating and a $19.00 target price for the company. Stifel Nicolaus reduced their target price on shares of Alpine Income Property Trust from $19.00 to $18.75 and set a “buy” rating for the company in a research note on Friday. Finally, Jonestrading reduced their target price on shares of Alpine Income Property Trust from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Friday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alpine Income Property Trust has a consensus rating of “Buy” and a consensus target price of $18.35.

Alpine Income Property Trust Trading Up 2.8 %

Shares of PINE opened at $15.29 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 1.31. Alpine Income Property Trust, Inc. has a 12 month low of $14.25 and a 12 month high of $17.72. The company has a 50-day moving average price of $15.43 and a two-hundred day moving average price of $15.92.

Alpine Income Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 7.19%. The ex-dividend date of this dividend was Wednesday, March 13th. Alpine Income Property Trust’s dividend payout ratio is -2,750.00%.

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.