Alpine Income Property Trust (NYSE:PINE) PT Raised to $20.25

Alpine Income Property Trust (NYSE:PINE) had its price target increased by equities researchers at Stifel Nicolaus from $19.75 to $20.25 in a report released on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 11.45% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Truist Financial raised their price target on Alpine Income Property Trust from $16.00 to $18.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. B. Riley restated a “buy” rating and set a $20.00 target price (up from $19.50) on shares of Alpine Income Property Trust in a research report on Wednesday, July 24th. Robert W. Baird lifted their price target on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Monday. Raymond James increased 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 report on Wednesday, August 21st. Finally, UBS Group initiated coverage on shares of Alpine Income Property Trust in a report on Monday, October 14th. They set a “neutral” rating and a $19.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.25.

Alpine Income Property Trust Trading Down 0.9 %

Shares of NYSE PINE opened at $18.17 on Monday. Alpine Income Property Trust has a 1-year low of $14.25 and a 1-year high of $19.42. The company has a 50-day moving average of $18.09 and a two-hundred day moving average of $16.55. The company has a market cap of $247.66 million, a PE ratio of 82.59, a P/E/G 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.

Alpine Income Property Trust (NYSE:PINE) last posted its quarterly earnings data 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). The company had revenue of $13.48 million during the quarter, compared to the consensus estimate 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. As a group, equities analysts expect that Alpine Income Property Trust will post 1.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alpine Income Property Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Heartland Advisors Inc. increased its position in shares of Alpine Income Property Trust by 53.0% in the 1st quarter. Heartland Advisors Inc. now owns 611,900 shares of the company’s stock valued at $9,350,000 after buying an additional 211,900 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of Alpine Income Property Trust by 12.3% in the second quarter. Sound Income Strategies LLC now owns 734,769 shares of the company’s stock worth $11,433,000 after acquiring an additional 80,725 shares in the last quarter. Carlson Capital L P acquired a new stake in shares of Alpine Income Property Trust during the first quarter worth about $1,202,000. Kennedy Capital Management LLC lifted its holdings in shares of Alpine Income Property Trust by 18.6% during the 1st quarter. Kennedy Capital Management LLC now owns 380,475 shares of the company’s stock valued at $5,814,000 after purchasing an additional 59,674 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Alpine Income Property Trust in the 2nd quarter valued at approximately $647,000. 60.50% of the stock is owned by institutional investors.

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.