Analysts Set Alpine Income Property Trust, Inc. (NYSE:PINE) PT at $19.25

Alpine Income Property Trust, Inc. (NYSE:PINE) has earned an average rating of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $19.25.

Several brokerages recently weighed in on PINE. Alliance Global Partners increased 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. Robert W. Baird raised their price objective 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. UBS Group initiated coverage on Alpine Income Property Trust in a research report on Monday, October 14th. They issued a “neutral” rating and a $19.00 price objective on the stock. Truist Financial raised their price objective on Alpine Income Property Trust from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Finally, Stifel Nicolaus raised their price objective on Alpine Income Property Trust from $19.75 to $20.25 and gave the company a “buy” rating in a research report on Monday, October 21st.

Hedge Funds Weigh In On Alpine Income Property Trust

A number of hedge funds have recently bought and sold shares of PINE. Public Employees Retirement System of Ohio acquired a new position in Alpine Income Property Trust in the third quarter worth about $64,000. Truvestments Capital LLC acquired a new position in Alpine Income Property Trust in the third quarter valued at approximately $143,000. Quadrature Capital Ltd acquired a new position in Alpine Income Property Trust in the third quarter valued at approximately $239,000. Rhumbline Advisers boosted its stake in Alpine Income Property Trust by 8.0% in the second quarter. Rhumbline Advisers now owns 17,197 shares of the company’s stock valued at $268,000 after acquiring an additional 1,272 shares during the period. Finally, Tidal Investments LLC boosted its stake 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 valued at $297,000 after acquiring an additional 1,064 shares during the period. 60.50% of the stock is currently owned by institutional investors and hedge funds.

Alpine Income Property Trust Price Performance

PINE stock opened at $17.64 on Friday. Alpine Income Property Trust has a 52-week low of $14.32 and a 52-week high of $19.42. The stock’s fifty day simple moving average is $17.95 and its 200-day simple moving average is $16.91. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $251.72 million, a price-to-earnings ratio of 80.19, a price-to-earnings-growth ratio of 1.73 and a beta of 0.80.

Alpine Income Property Trust (NYSE:PINE) last posted its quarterly earnings data on Thursday, October 17th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.19). Alpine Income Property Trust had a return on equity of 1.23% and a net margin of 6.72%. The business had revenue of $13.48 million for the quarter, compared to analyst estimates of $12.08 million. During the same quarter last year, the business earned $0.37 EPS. Equities research analysts expect that Alpine Income Property Trust will post 1.7 EPS for the current year.

Alpine Income Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 12th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.35%. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, September 12th. Alpine Income Property Trust’s dividend payout ratio (DPR) is 509.11%.

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.