Hsbc Holdings PLC Invests $177,000 in Alpine Income Property Trust, Inc. (NYSE:PINE)

Hsbc Holdings PLC acquired a new stake in Alpine Income Property Trust, Inc. (NYSE:PINE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,560 shares of the company’s stock, valued at approximately $177,000. Hsbc Holdings PLC owned approximately 0.07% of Alpine Income Property Trust as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Alpine Income Property Trust in the 4th quarter valued at about $2,130,000. AlphaCentric Advisors LLC acquired a new position in shares of Alpine Income Property Trust in the fourth quarter valued at approximately $1,544,000. Sound Income Strategies LLC raised its position in shares of Alpine Income Property Trust by 9.0% in the fourth quarter. Sound Income Strategies LLC now owns 866,916 shares of the company’s stock valued at $14,556,000 after buying an additional 71,488 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Alpine Income Property Trust by 618.4% during the fourth quarter. JPMorgan Chase & Co. now owns 50,780 shares of the company’s stock valued at $853,000 after buying an additional 43,712 shares during the period. Finally, San Luis Wealth Advisors LLC acquired a new stake in Alpine Income Property Trust during the fourth quarter worth approximately $722,000. Institutional investors and hedge funds own 60.50% of the company’s stock.

Insider Activity at Alpine Income Property Trust

In other news, Director Andrew C. Richardson sold 2,000 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $16.64, for a total value of $33,280.00. Following the completion of the sale, the director now owns 17,143 shares of the company’s stock, valued at $285,259.52. This represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on PINE shares. Stifel Nicolaus cut their price target on Alpine Income Property Trust from $19.25 to $18.75 and set a “buy” rating for the company in a report on Friday, April 25th. Jones Trading dropped their target price on Alpine Income Property Trust from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Industrial Alliance Securities set a $19.00 target price on Alpine Income Property Trust in a research report on Friday, April 25th. Finally, Alliance Global Partners restated a “buy” rating on shares of 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.31.

Alpine Income Property Trust Trading Up 0.7%

Shares of PINE opened at $15.15 on Monday. Alpine Income Property Trust, Inc. has a twelve month low of $14.51 and a twelve month high of $19.42. The firm has a market capitalization of $216.15 million, a P/E ratio of 108.21, a price-to-earnings-growth ratio of 1.58 and a beta of 0.60. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09. The stock’s fifty day simple moving average is $16.02 and its 200 day simple moving average is $16.70.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates 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, equities research analysts forecast that Alpine Income Property Trust, Inc. will post 1.74 earnings per share for the current year.

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.