Alpine Income Property Trust, Inc. (NYSE:PINE) Receives Average Rating of "Moderate Buy" from Brokerages

Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) has been assigned an average rating of "Moderate Buy" from the nine ratings firms that are presently covering the firm, 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 target price among brokerages that have issued a report on the stock in the last year is $19.25.

PINE has been the subject of several analyst reports. Robert W. Baird boosted their target price on Alpine Income Property Trust from $18.00 to $19.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Stifel Nicolaus increased their target price on Alpine Income Property Trust from $19.75 to $20.25 and gave the stock a "buy" rating in a research note on Monday, October 21st. Alliance Global Partners lifted 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. UBS Group initiated coverage on shares of Alpine Income Property Trust in a research note on Monday, October 14th. They set a "neutral" rating and a $19.00 target price for the company. Finally, Raymond James lifted their price objective on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the company an "outperform" rating in a report on Wednesday, August 21st.

Alpine Income Property Trust Trading Down 0.7 %

Shares of NYSE PINE traded down $0.13 during trading hours on Tuesday, hitting $17.46. 80,402 shares of the company traded hands, compared to its average volume of 62,448. The company's 50 day moving average price is $17.79 and its 200 day moving average price is $17.16. Alpine Income Property Trust has a 12 month low of $14.32 and a 12 month high of $19.42. The stock has a market capitalization of $249.21 million, a price-to-earnings ratio of 79.95, a price-to-earnings-growth ratio of 1.72 and a beta of 0.79. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 1.03.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.19). Alpine Income Property Trust had a net margin of 6.72% and a return on equity of 1.23%. The firm had revenue of $13.48 million for the quarter, compared to the consensus estimate of $12.08 million. During the same quarter last year, the firm earned $0.37 EPS. On average, equities research analysts anticipate that Alpine Income Property Trust will post 1.71 earnings per share for the current fiscal year.

Alpine Income Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.12 dividend on an annualized basis and a yield of 6.41%. Alpine Income Property Trust's dividend payout ratio is currently 509.09%.

Insider Activity

In other news, Director Wein Rachel Elias sold 2,000 shares of the company's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $18.00, for a total transaction of $36,000.00. Following the transaction, the director now directly owns 9,492 shares of the company's stock, valued at approximately $170,856. This represents a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 3,500 shares of company stock worth $62,975. 0.74% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PINE. Sound Income Strategies LLC lifted its position in 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 acquiring an additional 60,659 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Alpine Income Property Trust by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 755,563 shares of the company's stock valued at $11,545,000 after acquiring an additional 6,522 shares during the last quarter. State Street Corp increased its stake in shares of Alpine Income Property Trust by 18.7% in the third quarter. State Street Corp now owns 272,081 shares of the company's stock worth $4,952,000 after acquiring an additional 42,889 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of Alpine Income Property Trust by 8.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 188,703 shares of the company's stock worth $3,434,000 after acquiring an additional 15,000 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Alpine Income Property Trust by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 117,280 shares of the company's stock worth $1,825,000 after purchasing an additional 8,332 shares during the last quarter. 60.50% of the stock is owned by institutional investors and hedge funds.

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.