UBS Group Initiates Coverage on Alpine Income Property Trust (NYSE:PINE)

Investment analysts at UBS Group initiated coverage on shares of Alpine Income Property Trust (NYSE:PINE) in a note issued to investors on Monday, MarketBeat.com reports. The brokerage set a “neutral” rating and a $19.00 price target on the stock. UBS Group’s target price points to a potential upside of 10.14% from the company’s previous close.

A number of other analysts also recently commented on PINE. Truist Financial boosted their price objective on shares of Alpine Income Property Trust from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Raymond James boosted their price objective on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. B. Riley reissued a “buy” rating and set a $20.00 price objective (up previously from $19.50) on shares of Alpine Income Property Trust in a report on Wednesday, July 24th. Finally, Stifel Nicolaus upped their price target on shares of Alpine Income Property Trust from $18.00 to $19.25 and gave the company a “buy” rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.91.

Alpine Income Property Trust Trading Up 0.3 %

Shares of Alpine Income Property Trust stock opened at $17.25 on Monday. Alpine Income Property Trust has a 52-week low of $14.25 and a 52-week high of $19.42. 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 company’s 50-day simple moving average is $17.98 and its 200-day simple moving average is $16.45. The firm has a market cap of $235.00 million, a price-to-earnings ratio of -431.25, a price-to-earnings-growth ratio of 1.76 and a beta of 0.80.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings data on Thursday, July 18th. The company reported $0.01 EPS 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 period in the prior year, the firm posted $0.37 EPS. As a group, equities research analysts anticipate that Alpine Income Property Trust will post 1.65 earnings per share for the current year.

Hedge Funds Weigh In On Alpine Income Property Trust

Institutional investors have recently modified their holdings of the company. Rhumbline Advisers raised its position in shares of Alpine Income Property Trust by 8.0% in the second quarter. Rhumbline Advisers now owns 17,197 shares of the company’s stock valued at $268,000 after buying an additional 1,272 shares during the last quarter. Tidal Investments LLC raised its position in shares of Alpine Income Property Trust by 5.8% in the first quarter. Tidal Investments LLC now owns 19,466 shares of the company’s stock valued at $297,000 after buying an additional 1,064 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Alpine Income Property Trust in the second quarter valued at approximately $352,000. Renaissance Technologies LLC acquired a new position in shares of Alpine Income Property Trust in the second quarter valued at approximately $647,000. Finally, Guardian Wealth Management Inc. raised its position in shares of 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 valued at $711,000 after buying an additional 1,882 shares during the last quarter. Institutional investors and hedge funds own 60.50% of the company’s stock.

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.