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

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nine analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned 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 $19.14.

Separately, Stifel Nicolaus cut their price objective on Alpine Income Property Trust from $19.50 to $19.25 and set a "buy" rating for the company in a report on Thursday, April 3rd.

Alpine Income Property Trust Price Performance

Shares of PINE stock traded down $0.08 during trading on Thursday, hitting $15.40. The company had a trading volume of 42,149 shares, compared to its average volume of 72,757. Alpine Income Property Trust has a 52 week low of $14.33 and a 52 week high of $19.42. The stock has a market capitalization of $226.24 million, a price-to-earnings ratio of 109.91, a price-to-earnings-growth ratio of 1.58 and a beta of 0.57. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.09. The stock's 50-day moving average is $16.48 and its two-hundred day moving average is $17.09.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate 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, analysts predict that Alpine Income Property Trust will post 1.74 EPS for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 13th were paid a $0.285 dividend. 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 yield of 7.40%. The ex-dividend date of this dividend was Thursday, March 13th. Alpine Income Property Trust's payout ratio is 814.29%.

Insider Transactions at Alpine Income Property Trust

In other news, Director Andrew C. Richardson sold 2,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $16.64, for a total transaction of $33,280.00. Following the completion of the sale, the director now directly owns 17,143 shares in the company, valued at approximately $285,259.52. This represents a 10.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.74% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriflex Group Inc. bought a new stake in shares of Alpine Income Property Trust in the 4th quarter worth approximately $43,000. BNP Paribas Financial Markets bought a new stake in Alpine Income Property Trust in the fourth quarter valued at $44,000. GAMMA Investing LLC increased its position in Alpine Income Property Trust by 9,844.7% during the 1st quarter. GAMMA Investing LLC now owns 3,779 shares of the company's stock valued at $63,000 after purchasing an additional 3,741 shares during the period. Public Employees Retirement System of Ohio bought a new position in Alpine Income Property Trust in the 3rd quarter worth $64,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Alpine Income Property Trust by 25.4% in 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 during the period. Institutional investors own 60.50% of the company's stock.

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.