Stifel Nicolaus Issues Pessimistic Forecast for Alpine Income Property Trust (NYSE:PINE) Stock Price

Alpine Income Property Trust (NYSE:PINE) had its price target dropped by equities researchers at Stifel Nicolaus from $19.50 to $19.25 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 18.21% from the company’s previous close.

Alpine Income Property Trust Price Performance

Alpine Income Property Trust stock opened at $16.29 on Thursday. The stock has a 50-day moving average price of $16.51 and a two-hundred day moving average price of $17.13. Alpine Income Property Trust has a 12 month low of $14.33 and a 12 month high of $19.42. The company has a market capitalization of $239.26 million, a PE ratio of 116.32, a P/E/G ratio of 1.58 and a beta of 0.57. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.40. Alpine Income Property Trust had a net margin of 3.96% and a return on equity of 0.76%. Analysts expect that Alpine Income Property Trust will post 1.74 EPS for the current year.

Insider Buying and Selling at Alpine Income Property Trust

In other news, Director Andrew C. Richardson sold 2,000 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $16.64, for a total value of $33,280.00. Following the sale, the director now directly owns 17,143 shares of the company’s stock, valued at approximately $285,259.52. This represents a 10.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.74% of the company’s stock.

Hedge Funds Weigh In On Alpine Income Property Trust

A number of hedge funds have recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in Alpine Income Property Trust during the 4th quarter worth about $43,000. Public Employees Retirement System of Ohio grew its stake in Alpine Income Property Trust by 153.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 8,960 shares of the company’s stock worth $150,000 after purchasing an additional 5,422 shares during the period. Virtus Investment Advisers Inc. bought a new stake in Alpine Income Property Trust in the fourth quarter worth approximately $94,000. Two Sigma Advisers LP acquired a new position in Alpine Income Property Trust in the fourth quarter valued at approximately $452,000. Finally, Two Sigma Investments LP boosted its holdings in shares of Alpine Income Property Trust by 64.4% during the 4th quarter. Two Sigma Investments LP now owns 32,071 shares of the company’s stock worth $538,000 after buying an additional 12,566 shares in the last quarter. 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.