Analysts Set Alpine Income Property Trust, Inc. (NYSE:PINE) Price Target at $19.25

Alpine Income Property Trust, Inc. (NYSE:PINE) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $19.25.

A number of analysts have recently weighed in on the stock. Robert W. Baird upped 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 report on Monday, October 21st. Alliance Global Partners raised their target price on shares of Alpine Income Property Trust from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Stifel Nicolaus boosted their price target on Alpine Income Property Trust from $19.75 to $20.25 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, UBS Group started coverage on Alpine Income Property Trust in a research note on Monday, October 14th. They issued a “neutral” rating and a $19.00 price target on the stock.

Insider Activity at Alpine Income Property Trust

In other Alpine Income Property Trust news, Director Wein Rachel Elias sold 2,000 shares of Alpine Income Property Trust stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $18.00, for a total value of $36,000.00. Following the completion of the sale, the director now owns 9,492 shares of the company’s stock, valued at approximately $170,856. The trade was a 17.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.74% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alpine Income Property Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Alpine Income Property Trust by 26.6% in 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 during the last quarter. Tidal Investments LLC boosted its stake in shares of Alpine Income Property Trust by 7.4% during the 3rd quarter. Tidal Investments LLC now owns 22,906 shares of the company’s stock worth $417,000 after acquiring an additional 1,578 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Alpine Income Property Trust during the 3rd quarter worth $200,000. Barclays PLC grew its position in shares of Alpine Income Property Trust by 282.4% during the 3rd quarter. Barclays PLC now owns 16,411 shares of the company’s stock valued at $299,000 after acquiring an additional 12,119 shares during the period. Finally, Guardian Wealth Management Inc. increased its stake in shares of Alpine Income Property Trust by 4.7% in the 3rd quarter. Guardian Wealth Management Inc. now owns 47,835 shares of the company’s stock worth $871,000 after purchasing an additional 2,154 shares in the last quarter. 60.50% of the stock is currently owned by hedge funds and other institutional investors.

Alpine Income Property Trust Stock Performance

Shares of PINE opened at $16.90 on Friday. The company has a 50-day simple moving average of $17.40 and a two-hundred day simple moving average of $17.37. 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 firm has a market capitalization of $241.21 million, a PE ratio of 76.82, a price-to-earnings-growth ratio of 1.67 and a beta of 0.80. Alpine Income Property Trust has a one year low of $14.32 and a one year high of $19.42.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly 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). The firm had revenue of $13.48 million for the quarter, compared to the consensus estimate of $12.08 million. Alpine Income Property Trust had a net margin of 6.72% and a return on equity of 1.23%. During the same quarter in the prior year, the firm earned $0.37 earnings per share. On average, analysts anticipate that Alpine Income Property Trust will post 1.71 EPS for the current fiscal year.

Alpine Income Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 6.63%. The ex-dividend date of this dividend was 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.