Alpine Income Property Trust, Inc. (NYSE:PINE) Receives $19.25 Average Price Target from Analysts

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nine research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $19.25.

PINE has been the topic of several research reports. Truist Financial upped their target price 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. Stifel Nicolaus raised their target price on shares of Alpine Income Property Trust from $19.75 to $20.25 and gave the company a "buy" rating in a report on Monday, October 21st. B. Riley restated a "buy" rating and set a $20.00 target price (up previously from $19.50) on shares of Alpine Income Property Trust in a research report on Wednesday, July 24th. UBS Group started coverage on shares of Alpine Income Property Trust in a research report on Monday, October 14th. They issued a "neutral" rating and a $19.00 price target on the stock. Finally, Raymond James lifted their price objective on Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 21st.

Institutional Investors Weigh In On Alpine Income Property Trust

Institutional investors have recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in shares of Alpine Income Property Trust in the 3rd quarter worth about $143,000. Quadrature Capital Ltd purchased a new position in Alpine Income Property Trust in the third quarter valued at approximately $239,000. Rhumbline Advisers lifted its position in Alpine Income Property Trust by 8.0% during the second quarter. Rhumbline Advisers now owns 17,197 shares of the company's stock valued at $268,000 after buying an additional 1,272 shares in the last quarter. Tidal Investments LLC lifted its position in Alpine Income Property Trust by 5.8% during the first quarter. Tidal Investments LLC now owns 19,466 shares of the company's stock valued at $297,000 after buying an additional 1,064 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Alpine Income Property Trust during the third quarter worth approximately $336,000. Hedge funds and other institutional investors own 60.50% of the company's stock.

Alpine Income Property Trust Price Performance

NYSE:PINE traded down $0.07 during trading hours on Friday, hitting $17.64. The company's stock had a trading volume of 61,676 shares, compared to its average volume of 59,731. Alpine Income Property Trust has a 52-week low of $14.32 and a 52-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's 50-day moving average is $17.98 and its two-hundred day moving average is $16.86. The company has a market capitalization of $251.72 million, a PE ratio of 80.50, a PEG ratio of 1.73 and a beta of 0.80.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last issued its 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). Alpine Income Property Trust had a return on equity of 1.23% and a net margin of 6.72%. The company had revenue of $13.48 million for the quarter, compared to analyst estimates of $12.08 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. As a group, research analysts anticipate that Alpine Income Property Trust will post 1.7 EPS for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The company 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 is a positive change from Alpine Income Property Trust's previous quarterly dividend of $0.28. This represents a $1.12 annualized dividend and a dividend yield of 6.35%. The ex-dividend date was Thursday, September 12th. Alpine Income Property Trust's dividend payout ratio (DPR) is 509.11%.

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.