Alpine Income Property Trust, Inc. (NYSE:PINE) Receives $19.25 Consensus PT from Analysts

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nine analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $19.25.

PINE has been the topic of several research reports. Robert W. Baird raised 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 report on Monday, October 21st. UBS Group began 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. Stifel Nicolaus upped their price objective on Alpine Income Property Trust from $19.75 to $20.25 and gave the company a "buy" rating in a research report on Monday, October 21st. Finally, Alliance Global Partners raised their target price on Alpine Income Property Trust from $20.00 to $21.00 and gave the stock a "buy" rating in a research report on Friday, October 18th.

Alpine Income Property Trust Stock Up 1.4 %

Shares of Alpine Income Property Trust stock traded up $0.24 on Friday, reaching $16.92. The company's stock had a trading volume of 68,353 shares, compared to its average volume of 81,276. Alpine Income Property Trust has a 52 week low of $14.32 and a 52 week high of $19.42. The firm's fifty day simple moving average is $17.42 and its two-hundred day simple moving average is $17.34. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $241.50 million, a price-to-earnings ratio of 76.91, a P/E/G ratio of 1.67 and a beta of 0.79.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.19). The business 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 in the previous year, the business posted $0.37 earnings per share. Equities analysts anticipate that Alpine Income Property Trust will post 1.71 earnings per share for the current year.

Alpine Income Property Trust Announces Dividend

The business also recently disclosed 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 6.62%. The ex-dividend date was Thursday, December 12th. Alpine Income Property Trust's dividend payout ratio (DPR) is currently 509.09%.

Insider Activity

In related news, Director Wein Rachel Elias sold 2,000 shares of the company's stock in a transaction 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 transaction, the director now owns 9,492 shares of the company's stock, valued at approximately $170,856. This represents a 17.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.74% of the company's stock.

Hedge Funds Weigh In On Alpine Income Property Trust

Several large investors have recently made changes to their positions in PINE. Bank of New York Mellon Corp raised its stake in Alpine Income Property Trust by 5.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 94,923 shares of the company's stock valued at $1,477,000 after purchasing an additional 4,723 shares during the period. Rhumbline Advisers raised its position in shares of 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 during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Alpine Income Property Trust during the second quarter worth $352,000. ClariVest Asset Management LLC grew its stake in Alpine Income Property Trust by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 54,299 shares of the company's stock valued at $845,000 after acquiring an additional 1,516 shares in the last quarter. Finally, Guardian Wealth Management Inc. grew its stake in Alpine Income Property Trust by 4.3% during the second quarter. Guardian Wealth Management Inc. now owns 45,681 shares of the company's stock valued at $711,000 after acquiring an additional 1,882 shares in the last quarter. 60.50% of the stock is currently owned by hedge funds and other institutional investors.

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.