Analysts Set Alpine Income Property Trust, Inc. (NYSE:PINE) PT at $19.16

Alpine Income Property Trust, Inc. (NYSE:PINE) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $19.25.

A number of equities analysts have weighed in on the stock. UBS Group started coverage on shares of Alpine Income Property Trust in a research note on Monday, October 14th. They set a “neutral” rating and a $19.00 target price for the company. Raymond James lifted their price objective on Alpine Income Property Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, August 21st. Truist Financial increased their target price on Alpine Income Property Trust from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. Alliance Global Partners lifted their price target on Alpine Income Property Trust from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Robert W. Baird upped their price target on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Monday.

Institutional Trading of Alpine Income Property Trust

A number of large investors have recently made changes to their positions in PINE. Sound Income Strategies LLC boosted its stake in shares of Alpine Income Property Trust by 8.3% in the 3rd quarter. Sound Income Strategies LLC now owns 795,428 shares of the company’s stock worth $14,477,000 after buying an additional 60,659 shares during the last quarter. Renaissance Technologies LLC bought a new position in Alpine Income Property Trust in the second quarter valued at about $647,000. Dimensional Fund Advisors LP boosted its position in Alpine Income Property Trust by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 117,280 shares of the company’s stock worth $1,825,000 after purchasing an additional 8,332 shares during the last quarter. Guardian Wealth Management Inc. boosted its position in Alpine Income Property Trust by 4.3% in the second quarter. Guardian Wealth Management Inc. now owns 45,681 shares of the company’s stock worth $711,000 after purchasing an additional 1,882 shares during the last quarter. Finally, ClariVest Asset Management LLC grew its stake in shares of Alpine Income Property Trust by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 54,299 shares of the company’s stock valued at $845,000 after purchasing an additional 1,516 shares during the period. 60.50% of the stock is currently owned by institutional investors.

Alpine Income Property Trust Price Performance

Shares of PINE stock opened at $18.20 on Monday. The business’s fifty day moving average is $18.09 and its 200 day moving average is $16.55. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.00. The stock has a market cap of $248.07 million, a price-to-earnings ratio of 82.87, a PEG ratio of 1.87 and a beta of 0.80. Alpine Income Property Trust has a twelve month low of $14.25 and a twelve month high of $19.42.

Alpine Income Property Trust (NYSE:PINE) last released its earnings results 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 return on equity of 1.23% and a net margin of 6.72%. The business had revenue of $13.48 million during the quarter, compared to analysts’ expectations of $12.08 million. During the same period in the prior year, the company earned $0.37 earnings per share. Research analysts expect that Alpine Income Property Trust will post 1.7 EPS for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 12th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 6.15%. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, September 12th. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently 509.11%.

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.