Alpine Income Property Trust, Inc. (NYSE:PINE) Receives $19.25 Average PT from Analysts

Alpine Income Property Trust, Inc. (NYSE:PINE) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $19.25.

PINE has been the topic of several recent analyst reports. Raymond James boosted their target price on Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Stifel Nicolaus boosted their target price on Alpine Income Property Trust from $19.75 to $20.25 and gave the stock a “buy” rating in a report on Monday, October 21st. B. Riley reissued a “buy” rating and set a $20.00 target price (up previously from $19.50) on shares of Alpine Income Property Trust in a report on Wednesday, July 24th. Alliance Global Partners upped their price target on Alpine Income Property Trust from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, UBS Group assumed coverage on Alpine Income Property Trust in a report on Monday, October 14th. They issued a “neutral” rating and a $19.00 price target on the stock.

Hedge Funds Weigh In On Alpine Income Property Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in shares of Alpine Income Property Trust during the 3rd quarter valued at $64,000. Truvestments Capital LLC purchased a new position in shares of Alpine Income Property Trust during the 3rd quarter valued at $143,000. Quadrature Capital Ltd purchased a new position in shares of Alpine Income Property Trust during the 3rd quarter valued at $239,000. Barclays PLC grew its holdings in shares of Alpine Income Property Trust by 282.4% during the 3rd quarter. Barclays PLC now owns 16,411 shares of the company’s stock valued at $299,000 after acquiring an additional 12,119 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Alpine Income Property Trust by 8.0% during the 2nd quarter. Rhumbline Advisers now owns 17,197 shares of the company’s stock valued at $268,000 after acquiring an additional 1,272 shares in the last quarter. 60.50% of the stock is currently owned by hedge funds and other institutional investors.

Alpine Income Property Trust Stock Performance

PINE opened at $17.64 on Friday. The business’s 50 day moving average is $17.95 and its 200-day moving average is $16.91. The stock has a market cap of $251.72 million, a PE ratio of 80.19, a price-to-earnings-growth ratio of 1.73 and a beta of 0.80. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 1.03. Alpine Income Property Trust has a twelve month low of $14.32 and a twelve month high of $19.42.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly 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). The business had revenue of $13.48 million for the quarter, compared to the consensus estimate of $12.08 million. Alpine Income Property Trust had a net margin of 6.72% and a return on equity of 1.23%. During the same period last year, the firm posted $0.37 EPS. On average, analysts predict that Alpine Income Property Trust will post 1.7 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 12th were issued a dividend of $0.28 per share. This is a boost from Alpine Income Property Trust’s previous quarterly dividend of $0.28. This represents a $1.12 annualized dividend and a dividend yield of 6.35%. The ex-dividend date was Thursday, September 12th. Alpine Income Property Trust’s payout ratio is currently 509.11%.

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.