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

Alpine Income Property Trust, Inc. (NYSE:PINE) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $19.25.

PINE has been the topic of several recent research reports. Alliance Global Partners upped their price objective on shares of Alpine Income Property Trust from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, October 18th. Stifel Nicolaus boosted their price target on shares of Alpine Income Property Trust from $19.75 to $20.25 and gave the stock a “buy” rating in a report on Monday, October 21st. Robert W. Baird increased their target price on Alpine Income Property Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Monday, October 21st. UBS Group started coverage on Alpine Income Property Trust in a research report on Monday, October 14th. They set a “neutral” rating and a $19.00 price target for the company. Finally, Raymond James lifted their target price on shares of 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.

Insider Transactions at Alpine Income Property Trust

In other news, Director Wein Rachel Elias sold 2,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $18.00, for a total transaction of $36,000.00. Following the sale, the director now directly owns 9,492 shares in the company, valued at approximately $170,856. This represents a 17.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 3,500 shares of company stock worth $62,975 in the last three months. 0.74% of the stock is currently owned by company insiders.

Institutional Trading of Alpine Income Property Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Alpine Income Property Trust by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 755,563 shares of the company’s stock valued at $11,545,000 after purchasing an additional 6,522 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of 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 buying an additional 4,723 shares during the period. Rhumbline Advisers grew its holdings in shares of Alpine Income Property Trust by 8.0% during the second quarter. Rhumbline Advisers now owns 17,197 shares of the company’s stock worth $268,000 after buying an additional 1,272 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Alpine Income Property Trust in the second quarter worth $352,000. Finally, ClariVest Asset Management LLC lifted its position in Alpine Income Property Trust by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 54,299 shares of the company’s stock worth $845,000 after buying an additional 1,516 shares in the last quarter. 60.50% of the stock is owned by institutional investors and hedge funds.

Alpine Income Property Trust Trading Down 0.3 %

Shares of PINE opened at $17.59 on Tuesday. The firm has a market cap of $251.06 million, a P/E ratio of 79.95, a price-to-earnings-growth ratio of 1.72 and a beta of 0.79. Alpine Income Property Trust has a 1 year low of $14.32 and a 1 year high of $19.42. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.85 and a quick ratio of 3.85. The company has a 50 day simple moving average of $17.80 and a two-hundred day simple moving average of $17.15.

Alpine Income Property Trust (NYSE:PINE) last released its earnings results on Thursday, October 17th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $13.48 million for the quarter, compared to the consensus estimate of $12.08 million. During the same quarter last year, the business posted $0.37 earnings per share. On average, equities analysts expect that Alpine Income Property Trust will post 1.71 earnings per share for the current fiscal year.

Alpine Income Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date of this dividend is Thursday, December 12th. Alpine Income Property Trust’s dividend payout ratio is currently 509.09%.

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.