Alpine Income Property Trust, Inc. (NYSE:PINE) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six 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 $19.31.

PINE has been the subject of a number of recent research reports. Stifel Nicolaus decreased their price objective on Alpine Income Property Trust from $19.25 to $18.75 and set a "buy" rating for the company in a research report on Friday. Alliance Global Partners reaffirmed a "buy" rating on shares of Alpine Income Property Trust in a report on Friday. Jones Trading dropped their price objective on shares of Alpine Income Property Trust from $22.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Industrial Alliance Securities set a $19.00 price objective on shares of Alpine Income Property Trust in a research report on Friday.

Alpine Income Property Trust Stock Performance

Shares of Alpine Income Property Trust stock opened at $15.52 on Monday. The firm's fifty day simple moving average is $16.27 and its 200-day simple moving average is $16.88. Alpine Income Property Trust has a 12 month low of $14.51 and a 12 month high of $19.42. The stock has a market capitalization of $224.67 million, a price-to-earnings ratio of 110.86, a PEG ratio of 1.58 and a beta of 0.57. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.94 and a quick ratio of 0.94.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.40. Alpine Income Property Trust had a net margin of 3.96% and a return on equity of 0.76%. As a group, equities analysts forecast that Alpine Income Property Trust will post 1.74 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were paid a dividend of $0.285 per share. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Alpine Income Property Trust's previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.35%. Alpine Income Property Trust's dividend payout ratio is 814.29%.

Insider Activity

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 2,000 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $16.64, for a total transaction of $33,280.00. Following the sale, the director now directly owns 17,143 shares in the company, valued at approximately $285,259.52. The trade was a 10.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.46% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PINE. Rhumbline Advisers increased its holdings in Alpine Income Property Trust by 3.7% during the 1st quarter. Rhumbline Advisers now owns 20,652 shares of the company's stock valued at $345,000 after acquiring an additional 736 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Alpine Income Property Trust by 25.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the company's stock worth $72,000 after purchasing an additional 867 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Alpine Income Property Trust by 26.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company's stock worth $129,000 after purchasing an additional 1,483 shares during the last quarter. Tidal Investments LLC lifted its stake in Alpine Income Property Trust by 7.4% in the 3rd quarter. Tidal Investments LLC now owns 22,906 shares of the company's stock valued at $417,000 after buying an additional 1,578 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Alpine Income Property Trust by 5.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 36,157 shares of the company's stock valued at $607,000 after buying an additional 1,977 shares during the last quarter. Institutional investors and hedge funds own 60.50% of the company's stock.

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.

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