San Luis Wealth Advisors LLC Buys Shares of 43,021 Alpine Income Property Trust, Inc. (NYSE:PINE)

San Luis Wealth Advisors LLC acquired a new stake in Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 43,021 shares of the company's stock, valued at approximately $722,000. San Luis Wealth Advisors LLC owned approximately 0.30% of Alpine Income Property Trust as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PINE. Sound Income Strategies LLC raised its holdings in Alpine Income Property Trust by 8.3% during the 3rd quarter. Sound Income Strategies LLC now owns 795,428 shares of the company's stock valued at $14,477,000 after buying an additional 60,659 shares during the last quarter. State Street Corp raised its position in Alpine Income Property Trust by 18.7% during the 3rd quarter. State Street Corp now owns 272,081 shares of the company's stock valued at $4,952,000 after purchasing an additional 42,889 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of Alpine Income Property Trust by 8.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 188,703 shares of the company's stock worth $3,434,000 after buying an additional 15,000 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Alpine Income Property Trust by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 117,280 shares of the company's stock valued at $1,825,000 after buying an additional 8,332 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Alpine Income Property Trust by 5.2% during the second quarter. Bank of New York Mellon Corp now owns 94,923 shares of the company's stock valued at $1,477,000 after acquiring an additional 4,723 shares in the last quarter. Institutional investors own 60.50% of the company's stock.

Insider Buying and Selling

In related news, Director Wein Rachel Elias sold 2,000 shares of the company's 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 directly owns 9,492 shares of the company's stock, valued at approximately $170,856. This represents a 17.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.74% of the stock is currently owned by company insiders.

Alpine Income Property Trust Stock Up 0.1 %

Shares of NYSE PINE traded up $0.01 on Wednesday, reaching $16.76. 41,734 shares of the company's stock traded hands, compared to its average volume of 63,326. The business's 50 day simple moving average is $17.27 and its two-hundred day simple moving average is $17.42. Alpine Income Property Trust, Inc. has a 12 month low of $14.32 and a 12 month high of $19.42. The company has a market cap of $239.22 million, a price-to-earnings ratio of 76.19, a price-to-earnings-growth ratio of 1.67 and a beta of 0.80. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 1.03.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.19). Alpine Income Property Trust had a net margin of 6.72% and a return on equity of 1.23%. The company had revenue of $13.48 million for the quarter, compared to the consensus estimate of $12.08 million. During the same period last year, the business earned $0.37 EPS. As a group, equities research analysts forecast that Alpine Income Property Trust, Inc. will post 1.71 EPS for the current fiscal year.

Alpine Income Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, December 12th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date was Thursday, December 12th. Alpine Income Property Trust's payout ratio is 509.09%.

Analyst Ratings Changes

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

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.