Alpine Income Property Trust, Inc. (NYSE:PINE) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $19.25.

A number of analysts recently issued reports on the stock. Stifel Nicolaus increased 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. B. Riley reaffirmed a “buy” rating and set a $20.00 target price (up from $19.50) on shares of Alpine Income Property Trust in a research note on Wednesday, July 24th. Truist Financial raised their price objective 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. Raymond James upped their price target on 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. Finally, UBS Group initiated coverage on shares of Alpine Income Property Trust in a research note on Monday, October 14th. They issued a “neutral” rating and a $19.00 price objective for the company.

Institutional Trading of Alpine Income Property Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. grew its position in Alpine Income Property Trust by 7.7% in the 1st quarter. Russell Investments Group Ltd. now owns 493,508 shares of the company’s stock valued at $7,541,000 after buying an additional 35,151 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in shares of 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 valued at $5,814,000 after acquiring an additional 59,674 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Alpine Income Property Trust in the second quarter valued at approximately $647,000. Sound Income Strategies LLC lifted its stake in shares of Alpine Income Property Trust by 8.3% during the 3rd quarter. Sound Income Strategies LLC now owns 795,428 shares of the company’s stock worth $14,477,000 after purchasing an additional 60,659 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Alpine Income Property Trust by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 755,563 shares of the company’s stock worth $11,545,000 after buying an additional 6,522 shares during the last quarter. 60.50% of the stock is owned by hedge funds and other institutional investors.

Alpine Income Property Trust Price Performance

Shares of NYSE PINE opened at $17.71 on Friday. The company has a market cap of $252.77 million, a PE ratio of 80.50, a P/E/G ratio of 1.75 and a beta of 0.80. Alpine Income Property Trust has a fifty-two week low of $14.32 and a fifty-two week high of $19.42. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.85 and a current ratio of 3.85. The business has a 50-day simple moving average of $18.01 and a two-hundred day simple moving average of $16.86.

Alpine Income Property Trust (NYSE:PINE) last issued its earnings results on Thursday, October 17th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.19). The business had revenue of $13.48 million for the quarter, compared to analysts’ expectations 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 period last year, the business earned $0.37 EPS. As a group, equities analysts expect that Alpine Income Property Trust will post 1.7 EPS for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 12th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.32%. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, September 12th. Alpine Income Property Trust’s dividend payout ratio (DPR) is 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.