Alpine Income Property Trust, Inc. (NYSE:PINE) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE) have been assigned an average rating of “Buy” from the five brokerages that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $18.69.

Several brokerages recently issued reports on PINE. BTIG Research cut their target price on shares of Alpine Income Property Trust from $23.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Jonestrading cut their target price on shares of Alpine Income Property Trust from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Stifel Nicolaus cut their target price on shares of Alpine Income Property Trust from $19.00 to $18.75 and set a “buy” rating on the stock in a research note on Friday, April 19th. Finally, Alliance Global Partners began coverage on shares of Alpine Income Property Trust in a research note on Thursday, April 11th. They set a “buy” rating and a $19.00 target price on the stock.

Alpine Income Property Trust Stock Up 1.9 %

Shares of NYSE PINE opened at $15.38 on Tuesday. The firm has a market cap of $209.48 million, a PE ratio of -384.50, a P/E/G ratio of 1.61 and a beta of 0.79. Alpine Income Property Trust has a 12-month low of $14.25 and a 12-month high of $17.72. The company’s fifty day simple moving average is $15.30 and its 200 day simple moving average is $15.77. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00.

Alpine Income Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.10 annualized dividend and a yield of 7.15%. Alpine Income Property Trust’s payout ratio is -2,750.00%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its holdings in shares of Alpine Income Property Trust by 312.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,910 shares of the company’s stock valued at $49,000 after purchasing an additional 2,205 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Alpine Income Property Trust in the fourth quarter valued at about $117,000. Tidal Investments LLC raised its holdings in shares of Alpine Income Property Trust by 5.8% in the first quarter. Tidal Investments LLC now owns 19,466 shares of the company’s stock valued at $297,000 after purchasing an additional 1,064 shares during the last quarter. Penserra Capital Management LLC raised its holdings in shares of Alpine Income Property Trust by 14.4% in the third quarter. Penserra Capital Management LLC now owns 29,426 shares of the company’s stock valued at $481,000 after purchasing an additional 3,710 shares during the last quarter. Finally, Guardian Wealth Management Inc. raised its holdings in shares of Alpine Income Property Trust by 3.0% in the fourth quarter. Guardian Wealth Management Inc. now owns 38,927 shares of the company’s stock valued at $658,000 after purchasing an additional 1,138 shares during the last quarter. Institutional investors and hedge funds own 60.50% of the company’s stock.

Alpine Income Property Trust Company Profile

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.