Analysts Set Alpine Income Property Trust, Inc. (NYSE:PINE) Target Price at $19.25

Alpine Income Property Trust, Inc. (NYSE:PINE) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Two investment 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 covered the stock in the last year is $19.25.

Several brokerages have recently commented on PINE. Stifel Nicolaus boosted their price objective on Alpine Income Property Trust from $19.75 to $20.25 and gave the company a “buy” rating in a research report on Monday, October 21st. Alliance Global Partners lifted their target price 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 target for the company. Finally, Robert W. Baird lifted 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 research report on Monday, October 21st.

Alpine Income Property Trust Price Performance

NYSE PINE opened at $16.90 on Friday. 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 12 month low of $14.32 and a 12 month high of $19.42. The stock has a market cap of $241.21 million, a price-to-earnings ratio of 76.82, a PEG ratio of 1.67 and a beta of 0.80. The company’s 50 day moving average is $17.40 and its two-hundred day moving average is $17.37.

Alpine Income Property Trust (NYSE:PINE) last announced its quarterly earnings data on Thursday, October 17th. The company reported $0.21 earnings per share (EPS) 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 firm had revenue of $13.48 million during the quarter, compared to analysts’ expectations of $12.08 million. During the same period last year, the company earned $0.37 earnings per share. As a group, research analysts anticipate that Alpine Income Property Trust will post 1.71 earnings per share for the current year.

Alpine Income Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date was Thursday, December 12th. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently 509.09%.

Insider Activity at Alpine Income Property Trust

In other news, Director Wein Rachel Elias sold 2,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $18.00, for a total value of $36,000.00. Following the completion of the sale, the director now owns 9,492 shares in the company, 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 SEC, which can be accessed through this hyperlink. 0.74% of the stock is owned by company insiders.

Hedge Funds Weigh In On Alpine Income Property Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sound Income Strategies LLC lifted its holdings in Alpine Income Property Trust by 8.3% during the third 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 period. State Street Corp raised its position 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 worth $4,952,000 after acquiring an additional 42,889 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Alpine Income Property Trust by 8.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 188,703 shares of the company’s stock worth $3,434,000 after purchasing an additional 15,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Alpine Income Property Trust by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 117,280 shares of the company’s stock valued at $1,825,000 after purchasing an additional 8,332 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Alpine Income Property Trust by 5.2% in the second quarter. Bank of New York Mellon Corp now owns 94,923 shares of the company’s stock valued at $1,477,000 after purchasing an additional 4,723 shares during the last quarter. 60.50% of the stock is currently owned by institutional investors.

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.