Alpine Income Property Trust (NYSE:PINE) Given New $20.25 Price Target at Stifel Nicolaus

Alpine Income Property Trust (NYSE:PINE - Free Report) had its target price hoisted by Stifel Nicolaus from $19.75 to $20.25 in a research note published on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Robert W. Baird raised their price target on Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an "outperform" rating in a research note on Monday. Raymond James lifted their target price 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. UBS Group began 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 price target for the company. Alliance Global Partners lifted their price objective on shares of Alpine Income Property Trust from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Friday. Finally, Truist Financial increased their target price on shares of Alpine Income Property Trust from $16.00 to $18.00 and gave the stock a "hold" rating in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $19.25.

Alpine Income Property Trust Trading Down 0.8 %

NYSE PINE traded down $0.14 during trading on Monday, hitting $18.33. The stock had a trading volume of 80,673 shares, compared to its average volume of 58,040. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $249.84 million, a PE ratio of -459.75, a PEG ratio of 1.74 and a beta of 0.80. The firm has a 50 day moving average price of $18.04 and a 200 day moving average price of $16.51. Alpine Income Property Trust has a twelve month low of $14.25 and a twelve month high of $19.42.

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 negative return on equity of 0.20% and a negative net margin of 1.16%. The business had revenue of $13.48 million for the quarter, compared to analyst estimates of $12.08 million. During the same period last year, the business posted $0.37 EPS. As a group, equities research analysts forecast that Alpine Income Property Trust will post 1.65 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 12th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date was Thursday, September 12th. This is a positive change from Alpine Income Property Trust's previous quarterly dividend of $0.28. Alpine Income Property Trust's payout ratio is currently -2,800.00%.

Hedge Funds Weigh In On Alpine Income Property Trust

A number of large investors have recently modified their holdings of PINE. Tidal Investments LLC raised its position in Alpine Income Property Trust by 5.8% in the first quarter. Tidal Investments LLC now owns 19,466 shares of the company's stock worth $297,000 after acquiring an additional 1,064 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Alpine Income Property Trust by 8.0% during the 2nd quarter. Rhumbline Advisers now owns 17,197 shares of the company's stock worth $268,000 after purchasing an additional 1,272 shares during the period. ClariVest Asset Management LLC increased its holdings in shares of Alpine Income Property Trust by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 54,299 shares of the company's stock valued at $845,000 after purchasing an additional 1,516 shares in the last quarter. Guardian Wealth Management Inc. lifted its stake in shares of Alpine Income Property Trust by 4.3% in the second quarter. Guardian Wealth Management Inc. now owns 45,681 shares of the company's stock valued at $711,000 after purchasing an additional 1,882 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Alpine Income Property Trust by 5.2% during the second quarter. Bank of New York Mellon Corp now owns 94,923 shares of the company's stock worth $1,477,000 after buying an additional 4,723 shares in the last quarter. 60.50% of the stock is 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.