The Attractiveness of Investing In Alpine Income Property Trust Inc. (PINE) is Growing


In a filing, Alpine Income Property Trust Inc. revealed its PRESIDENT AND CEO Albright John P acquired Company’s shares for reported $12106.0 on Jun 05. In the deal valued at $16.25 per share,745 shares were bought. As a result of this transaction, Albright John P now holds 7,944 shares worth roughly $ 0.14 million.

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Then, Albright John P bought 4,255 shares, generating $68,670 in total proceeds. Upon buying the shares at $16.14, the PRESIDENT AND CEO now owns 7,199 shares.

Before that, Decker Mark Okey Jr bought 2,000 shares. Alpine Income Property Trust Inc. shares valued at $31,200 were divested by the Director at a price of $15.60 per share. As a result of the transaction, Decker Mark Okey Jr now holds 20,028 shares, worth roughly $0.35 million.

Truist initiated its Alpine Income Property Trust Inc. [PINE] rating to a Hold in a research note published on Friday, January 27, 2022; the price target was $20. PT values the company’s stock at a premium of 13.5 to its Friday closing price.

Price Performance Review of PINE

On Friday, Alpine Income Property Trust Inc. [NYSE:PINE] saw its stock fall -0.52% to $17.30. On the same session, the stock had its day’s lowest price of $17.22, but rose to a high of $17.54. Over the last five days, the stock has gained 1.65%. Alpine Income Property Trust Inc. shares have fallen nearly -9.33% since the year began. Nevertheless, the stocks have fallen -4.68% over the past one year. While a 52-week high of $20.79 was reached on 02/07/23, a 52-week low of $15.03 was recorded on 05/12/23. SMA at 50 days reached $16.74, while 200 days put it at $17.41. A total of 58172.0 shares were traded, compared to the trading of 39300.0 shares in the previous session.

Levels Of Support And Resistance For PINE Stock

The 24-hour chart illustrates a support level at 17.17, which if violated will result in even more drops to 17.03. On the upside, there is a resistance level at 17.49. A further resistance level may holdings at 17.67. The Relative Strength Index (RSI) on the 14-day chart is 56.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.18%. Stochastics %K at 72.22% indicates the stock is a holding.

How much short interest is there in Alpine Income Property Trust Inc.?

A steep rise in short interest was recorded in Alpine Income Property Trust Inc. stocks on Aug 14, 2023, dropping by 12670.0 shares to a total of 0.36 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.38 million shares. There was a decline of -3.48%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.13% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.54.

Alpine Income Property Trust Inc. [PINE] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 712,498 shares, or roughly 5.07% of the outstanding PINE shares. In other words, the investor’s shares have risen by 582,092 from its previous 13-F filing of 130406.0. Additionally, The Vanguard Group, Inc. decreased -4.16% of its stake after which the total value it holdings stand at $11,868,280, while Russell Investment Management LLC added 53.66% of its stake to hold $9.55 million in the firm. At present, Ancora Advisors LLC is holding 444,185 shares valued at $7.55 million. Heartland Advisors, Inc. owned 400,000 shares of the company at the time of its most recent 13F filing, worth $6.8 million.

According to FactSet, Alpine Income Property Trust Inc.’s share price will average $20.11 in the next year, based on opinions of analysts polled by the firm. This is up nearly 15.01 percent from its previous closing price of $17.39. Analysts expect Alpine Income Property Trust Inc. stock to reach the higher price of $23.00, while the lowest price estimate is $17.00. However, 9 analysts have rated PINE stock as a Buy in their predictions for 2023.


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