Brokerages Set Alpine Income Property Trust, Inc. (NYSE:PINE) PT at $19.16

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nine ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $19.25.

A number of research firms recently weighed in on PINE. Robert W. Baird boosted their price target on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an "outperform" rating in a research note on Monday. Alliance Global Partners increased their price target on Alpine Income Property Trust from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Friday. UBS Group initiated coverage on Alpine Income Property Trust in a research note on Monday, October 14th. They set a "neutral" rating and a $19.00 price objective for the company. Raymond James upped their price objective on Alpine Income Property Trust from $18.00 to $19.00 and gave the company an "outperform" rating in a report on Wednesday, August 21st. Finally, Truist Financial raised their target price on Alpine Income Property Trust from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Tuesday, July 30th.

Alpine Income Property Trust Trading Down 0.8 %

NYSE:PINE traded down $0.14 during trading hours on Monday, hitting $18.33. 80,673 shares of the stock were exchanged, compared to its average volume of 58,040. The company has a market capitalization of $249.84 million, a P/E ratio of -459.75, a price-to-earnings-growth ratio of 1.74 and a beta of 0.80. Alpine Income Property Trust has a twelve month low of $14.25 and a twelve month high of $19.42. 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's 50 day moving average is $18.04 and its two-hundred day moving average is $16.51.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.19). The firm had revenue of $13.48 million during the quarter, compared to analyst estimates of $12.08 million. Alpine Income Property Trust had a negative return on equity of 0.20% and a negative net margin of 1.16%. During the same quarter in the previous year, the business earned $0.37 earnings per share. On average, sell-side analysts anticipate that Alpine Income Property Trust will post 1.65 earnings per share for the current fiscal year.

Alpine Income Property Trust Increases Dividend

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

Institutional Trading of Alpine Income Property Trust

Several hedge funds have recently bought and sold shares of the stock. Heartland Advisors Inc. boosted its position in shares of Alpine Income Property Trust by 53.0% during the first quarter. Heartland Advisors Inc. now owns 611,900 shares of the company's stock worth $9,350,000 after buying an additional 211,900 shares during the period. Sound Income Strategies LLC boosted its position in Alpine Income Property Trust by 12.3% during the 2nd quarter. Sound Income Strategies LLC now owns 734,769 shares of the company's stock worth $11,433,000 after acquiring an additional 80,725 shares during the last quarter. Carlson Capital L P bought a new position in shares of Alpine Income Property Trust during the 1st quarter worth approximately $1,202,000. Kennedy Capital Management LLC grew its stake in shares of Alpine Income Property Trust by 18.6% during the 1st quarter. Kennedy Capital Management LLC now owns 380,475 shares of the company's stock worth $5,814,000 after acquiring an additional 59,674 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Alpine Income Property Trust in the second quarter valued at approximately $647,000. 60.50% of the stock is currently owned by institutional investors and hedge funds.

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.