Exchange Traded Concepts LLC Sells 20,451 Shares of Alpine Income Property Trust, Inc. (NYSE:PINE)

Exchange Traded Concepts LLC lessened its position in Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) by 42.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,156 shares of the company's stock after selling 20,451 shares during the period. Exchange Traded Concepts LLC owned approximately 0.20% of Alpine Income Property Trust worth $473,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Sound Income Strategies LLC raised its position in shares of Alpine Income Property Trust by 9.0% during the 4th quarter. Sound Income Strategies LLC now owns 866,916 shares of the company's stock worth $14,556,000 after buying an additional 71,488 shares in the last quarter. San Luis Wealth Advisors LLC acquired a new position in shares of Alpine Income Property Trust during the fourth quarter valued at approximately $722,000. JPMorgan Chase & Co. raised its holdings in Alpine Income Property Trust by 26.6% during the third quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company's stock worth $129,000 after purchasing an additional 1,483 shares in the last quarter. Tidal Investments LLC raised its holdings in Alpine Income Property Trust by 7.4% during the third quarter. Tidal Investments LLC now owns 22,906 shares of the company's stock worth $417,000 after purchasing an additional 1,578 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Alpine Income Property Trust in the third quarter worth approximately $200,000. 60.50% of the stock is currently owned by institutional investors.

Alpine Income Property Trust Stock Up 2.4 %

Alpine Income Property Trust stock traded up $0.40 during trading hours on Friday, hitting $16.86. The company had a trading volume of 126,037 shares, compared to its average volume of 88,342. The firm's fifty day moving average is $16.99 and its 200-day moving average is $17.51. The firm has a market capitalization of $240.59 million, a P/E ratio of 76.64, a price-to-earnings-growth ratio of 1.54 and a beta of 0.80. Alpine Income Property Trust, Inc. has a fifty-two week low of $14.32 and a fifty-two week high of $19.42. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.85 and a quick ratio of 3.85.

Alpine Income Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th were paid a $0.28 dividend. The ex-dividend date was Thursday, December 12th. This represents a $1.12 dividend on an annualized basis and a yield of 6.64%. Alpine Income Property Trust's dividend payout ratio (DPR) is currently 509.11%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Alliance Global Partners lifted their price target on Alpine Income Property Trust from $20.00 to $21.00 and gave the company a "buy" rating in a research report on Friday, October 18th. UBS Group started coverage on shares of Alpine Income Property Trust in a research report on Monday, October 14th. They issued a "neutral" rating and a $19.00 price target on the stock. Robert W. Baird raised their price objective on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Finally, Stifel Nicolaus boosted their target price on shares of Alpine Income Property Trust from $19.75 to $20.25 and gave the stock a "buy" rating in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $19.25.

Insiders Place Their Bets

In related news, Director Wein Rachel Elias sold 2,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $18.00, for a total value of $36,000.00. Following the transaction, the director now owns 9,492 shares in the company, valued at approximately $170,856. This represents a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.74% of the company's stock.

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.