Alpine Income Property Trust, Inc. (NYSE:PINE) Receives Consensus Rating of “Moderate Buy” from Analysts

Alpine Income Property Trust, Inc. (NYSE:PINE) has earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $18.89.

A number of equities research analysts have recently weighed in on PINE shares. Raymond James boosted their price target on Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Truist Financial boosted their target price on shares of Alpine Income Property Trust from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. Stifel Nicolaus raised their price target on shares of Alpine Income Property Trust from $18.00 to $19.25 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, B. Riley reissued a “buy” rating and set a $20.00 price objective (up from $19.50) on shares of Alpine Income Property Trust in a report on Wednesday, July 24th.

Insider Activity

In other news, major shareholder Cto Realty Growth, Inc. bought 6,262 shares of Alpine Income Property Trust stock in a transaction on Friday, July 5th. The stock was acquired at an average price of $15.00 per share, with a total value of $93,930.00. Following the completion of the acquisition, the insider now directly owns 196,356 shares of the company’s stock, valued at $2,945,340. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.74% of the company’s stock.

Hedge Funds Weigh In On Alpine Income Property Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Alpine Income Property Trust by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 755,563 shares of the company’s stock valued at $11,545,000 after buying an additional 6,522 shares during the period. Sound Income Strategies LLC grew its position in Alpine Income Property Trust by 12.3% in the second quarter. Sound Income Strategies LLC now owns 734,769 shares of the company’s stock worth $11,433,000 after acquiring an additional 80,725 shares during the period. Heartland Advisors Inc. increased its stake in Alpine Income Property Trust by 53.0% during the first quarter. Heartland Advisors Inc. now owns 611,900 shares of the company’s stock worth $9,350,000 after acquiring an additional 211,900 shares during the last quarter. Russell Investments Group Ltd. raised its position in Alpine Income Property Trust by 7.7% in the first quarter. Russell Investments Group Ltd. now owns 493,508 shares of the company’s stock valued at $7,541,000 after purchasing an additional 35,151 shares during the period. Finally, Kennedy Capital Management LLC lifted its stake in shares of Alpine Income Property Trust by 18.6% in the 1st quarter. Kennedy Capital Management LLC now owns 380,475 shares of the company’s stock valued at $5,814,000 after purchasing an additional 59,674 shares during the last quarter. Hedge funds and other institutional investors own 60.50% of the company’s stock.

Alpine Income Property Trust Stock Performance

PINE stock opened at $18.22 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.88 and a quick ratio of 0.88. Alpine Income Property Trust has a 1-year low of $14.25 and a 1-year high of $19.42. The business has a 50-day moving average price of $17.80 and a 200 day moving average price of $16.21. The company has a market capitalization of $248.34 million, a P/E ratio of -455.50, a PEG ratio of 1.83 and a beta of 0.80.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings data on Thursday, July 18th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.38). The company had revenue of $12.49 million for the quarter, compared to analysts’ expectations of $12.10 million. Alpine Income Property Trust had a negative return on equity of 0.20% and a negative net margin of 1.16%. During the same quarter last year, the company earned $0.37 earnings per share. As a group, equities research analysts forecast that Alpine Income Property Trust will post 1.64 EPS for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 12th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 6.15%. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.28. Alpine Income Property Trust’s payout ratio is presently -2,800.00%.

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.