Robert W. Baird Increases Alpine Income Property Trust (NYSE:PINE) Price Target to $19.00

Alpine Income Property Trust (NYSE:PINE) had its target price raised by Robert W. Baird from $18.00 to $19.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price points to a potential upside of 4.57% from the stock’s current price.

A number of other brokerages also recently issued reports on PINE. B. Riley reaffirmed a “buy” rating and issued a $20.00 price target (up from $19.50) on shares of Alpine Income Property Trust in a report on Wednesday, July 24th. Stifel Nicolaus upped their target price 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. UBS Group began coverage on shares of Alpine Income Property Trust in a research note on Monday, October 14th. They set a “neutral” rating and a $19.00 price target on the stock. Raymond James upped 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 note on Wednesday, August 21st. Finally, Truist Financial lifted their target price on 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. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Alpine Income Property Trust currently has an average rating of “Moderate Buy” and a consensus price target of $19.25.

Alpine Income Property Trust Trading Down 0.9 %

NYSE:PINE opened at $18.17 on Monday. Alpine Income Property Trust has a 12-month low of $14.25 and a 12-month high of $19.42. The firm has a market cap of $247.66 million, a PE ratio of 82.59, a price-to-earnings-growth ratio of 1.87 and a beta of 0.80. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.00. The stock has a fifty day moving average price of $18.09 and a 200 day moving average price of $16.55.

Alpine Income Property Trust (NYSE:PINE) last posted its quarterly earnings results on Thursday, October 17th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.19). The firm had revenue of $13.48 million for the quarter, compared to analyst estimates of $12.08 million. Alpine Income Property Trust had a return on equity of 1.23% and a net margin of 6.72%. During the same quarter last year, the firm earned $0.37 EPS. Sell-side analysts anticipate that Alpine Income Property Trust will post 1.7 earnings per share for the current fiscal year.

Institutional Trading of Alpine Income Property Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Heartland Advisors Inc. boosted its position in shares of Alpine Income Property Trust by 53.0% in 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. Sound Income Strategies LLC raised its position in shares of Alpine Income Property Trust by 12.3% in the 2nd quarter. Sound Income Strategies LLC now owns 734,769 shares of the company’s stock worth $11,433,000 after buying an additional 80,725 shares during the period. Carlson Capital L P acquired a new position in Alpine Income Property Trust in the first quarter valued at $1,202,000. Kennedy Capital Management LLC increased its stake in Alpine Income Property Trust by 18.6% during the first quarter. Kennedy Capital Management LLC now owns 380,475 shares of the company’s stock worth $5,814,000 after acquiring an additional 59,674 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Alpine Income Property Trust in the 2nd quarter worth about $647,000. Hedge funds and other institutional investors 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.