Alpine Income Property Trust (NYSE:PINE) Price Target Lowered to $19.25 at Stifel Nicolaus

Alpine Income Property Trust (NYSE:PINE - Get Free Report) had its price objective lowered by analysts at Stifel Nicolaus from $19.50 to $19.25 in a research note issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' price target indicates a potential upside of 25.28% from the stock's previous close.

Alpine Income Property Trust Trading Down 0.7 %

Shares of Alpine Income Property Trust stock traded down $0.12 during trading on Thursday, hitting $15.37. The company's stock had a trading volume of 42,149 shares, compared to its average volume of 72,757. The stock has a market cap of $225.74 million, a price-to-earnings ratio of 109.91, a price-to-earnings-growth ratio of 1.58 and a beta of 0.57. Alpine Income Property Trust has a 52 week low of $14.33 and a 52 week high of $19.42. The stock has a 50-day moving average price of $16.48 and a two-hundred day moving average price of $17.09. 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 released its quarterly earnings results 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 return on equity of 0.76% and a net margin of 3.96%. Equities research analysts anticipate that Alpine Income Property Trust will post 1.74 EPS for the current fiscal year.

Insider Activity

In other news, Director Andrew C. Richardson sold 2,000 shares of Alpine Income Property Trust stock in a transaction on Monday, February 24th. The shares were sold at an average price of $16.64, for a total value of $33,280.00. Following the completion of the sale, the director now owns 17,143 shares in the company, valued at $285,259.52. The trade was a 10.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.74% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriflex Group Inc. acquired a new position in shares of Alpine Income Property Trust during the fourth quarter valued at about $43,000. BNP Paribas Financial Markets bought a new stake in Alpine Income Property Trust in the 4th quarter valued at about $44,000. GAMMA Investing LLC increased its position in Alpine Income Property Trust by 9,844.7% in the 1st quarter. GAMMA Investing LLC now owns 3,779 shares of the company's stock valued at $63,000 after buying an additional 3,741 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Alpine Income Property Trust during the 3rd quarter worth approximately $64,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Alpine Income Property Trust by 25.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the company's stock worth $72,000 after acquiring an additional 867 shares in the last quarter. 60.50% of the stock is owned by 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.