Alpine Income Property Trust, Inc. (NYSE:PINE) Receives $19.25 Consensus 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 currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $19.25.

A number of equities research analysts have recently weighed in on PINE shares. Raymond James boosted their price objective on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Alliance Global Partners boosted their price target on Alpine Income Property Trust from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, October 18th. UBS Group began coverage on Alpine Income Property Trust in a research note on Monday, October 14th. They issued a “neutral” rating and a $19.00 price objective for the company. Stifel Nicolaus lifted 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. Finally, Robert W. Baird increased 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 report on Monday, October 21st.

Alpine Income Property Trust Trading Down 1.4 %

NYSE PINE opened at $17.21 on Tuesday. Alpine Income Property Trust has a 52 week low of $14.32 and a 52 week high of $19.42. The company has a 50 day moving average price of $17.78 and a 200 day moving average price of $17.18. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 1.03. The firm has a market cap of $245.64 million, a PE ratio of 78.23, a price-to-earnings-growth ratio of 1.72 and a beta of 0.79.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.19). The business had revenue of $13.48 million for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company posted $0.37 EPS. As a group, sell-side analysts forecast that Alpine Income Property Trust will post 1.71 EPS for the current fiscal year.

Alpine Income Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 6.51%. The ex-dividend date is Thursday, December 12th. Alpine Income Property Trust’s dividend payout ratio is currently 509.09%.

Insider Activity

In other news, Director Wein Rachel Elias sold 2,000 shares of Alpine Income Property Trust stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $18.00, for a total transaction of $36,000.00. Following the completion of the sale, the director now directly owns 9,492 shares of the company’s stock, valued at approximately $170,856. The trade was a 17.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 3,500 shares of company stock valued at $62,975. 0.74% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PINE. Sound Income Strategies LLC raised its stake in Alpine Income Property Trust by 8.3% during the 3rd quarter. Sound Income Strategies LLC now owns 795,428 shares of the company’s stock worth $14,477,000 after acquiring an additional 60,659 shares in the last quarter. State Street Corp lifted its holdings in shares of Alpine Income Property Trust by 18.7% in the 3rd quarter. State Street Corp now owns 272,081 shares of the company’s stock valued at $4,952,000 after purchasing an additional 42,889 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Alpine Income Property Trust in the 2nd quarter valued at about $647,000. Jane Street Group LLC boosted its position in shares of Alpine Income Property Trust by 216.2% in the 3rd quarter. Jane Street Group LLC now owns 43,486 shares of the company’s stock valued at $791,000 after purchasing an additional 29,735 shares during the period. Finally, Martingale Asset Management L P purchased a new position in Alpine Income Property Trust during the 3rd quarter worth approximately $441,000. Hedge funds and other institutional investors 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.