Brokerages Set Alpine Income Property Trust, Inc. (NYSE:PINE) PT at $19.25

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE) have earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, 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 brokers that have issued a report on the stock in the last year is $19.14.

Separately, Stifel Nicolaus reduced their price objective on Alpine Income Property Trust from $19.50 to $19.25 and set a “buy” rating for the company in a research report on Thursday.

Alpine Income Property Trust Trading Down 1.2 %

NYSE:PINE opened at $16.29 on Thursday. Alpine Income Property Trust has a 12 month low of $14.33 and a 12 month high of $19.42. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.94 and a quick ratio of 0.94. The business’s 50-day moving average is $16.51 and its two-hundred day moving average is $17.12. The firm has a market capitalization of $239.26 million, a PE ratio of 116.32, a price-to-earnings-growth ratio of 1.58 and a beta of 0.57.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.44 EPS for the quarter, topping 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%. Research analysts predict that Alpine Income Property Trust will post 1.74 earnings per share for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 13th were paid a $0.285 dividend. This is a boost from Alpine Income Property Trust’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 7.00%. The ex-dividend date of this dividend was Thursday, March 13th. Alpine Income Property Trust’s payout ratio is 814.29%.

Insider Transactions at Alpine Income Property Trust

In other news, Director Andrew C. Richardson sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $16.64, for a total value of $33,280.00. Following the completion of the transaction, the director now owns 17,143 shares of the company’s stock, valued at $285,259.52. This represents a 10.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.74% of the stock is currently owned by insiders.

Institutional Trading of Alpine Income Property Trust

A number of institutional investors have recently bought and sold shares of PINE. PNC Financial Services Group Inc. boosted its position in shares of Alpine Income Property Trust by 25.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the company’s stock worth $72,000 after purchasing an additional 867 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Alpine Income Property Trust by 26.6% during the third quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company’s stock worth $129,000 after buying an additional 1,483 shares in the last quarter. Tidal Investments LLC raised its position in Alpine Income Property Trust by 7.4% in the 3rd quarter. Tidal Investments LLC now owns 22,906 shares of the company’s stock valued at $417,000 after buying an additional 1,578 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Alpine Income Property Trust by 5.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 36,157 shares of the company’s stock valued at $607,000 after acquiring an additional 1,977 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Alpine Income Property Trust by 11.7% during the 4th quarter. Rhumbline Advisers now owns 19,916 shares of the company’s stock worth $334,000 after acquiring an additional 2,081 shares during the last quarter. Institutional investors own 60.50% of the company’s stock.

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.