JonesTrading Increases Alpine Income Property Trust (NYSE:PINE) Price Target to $23.00

Alpine Income Property Trust (NYSE:PINE) had its price target lifted by equities researchers at JonesTrading from $22.00 to $23.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. JonesTrading’s price target would suggest a potential upside of 11.92% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Weiss Ratings downgraded Alpine Income Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 17th. Robert W. Baird reiterated a “neutral” rating and set a $21.00 target price (up from $18.00) on shares of Alpine Income Property Trust in a research report on Monday, June 29th. Huntington began coverage on shares of Alpine Income Property Trust in a research note on Wednesday, July 15th. They set an “outperform” rating and a $23.00 target price for the company. Truist Financial cut their price target on shares of Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday, May 21st. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Alpine Income Property Trust in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.50.

Alpine Income Property Trust Stock Up 0.3%

Shares of NYSE:PINE opened at $20.55 on Friday. Alpine Income Property Trust has a 1 year low of $13.10 and a 1 year high of $21.99. The business has a 50 day simple moving average of $20.01 and a two-hundred day simple moving average of $19.24. The firm has a market capitalization of $362.09 million, a PE ratio of 108.16, a price-to-earnings-growth ratio of 1.36 and a beta of 0.54. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.85 and a quick ratio of 1.85.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Alpine Income Property Trust had a return on equity of 2.11% and a net margin of 9.36%.The firm had revenue of $20.00 million for the quarter, compared to the consensus estimate of $18.85 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.120-2.150 EPS. On average, equities analysts predict that Alpine Income Property Trust will post 2.16 EPS for the current year.

Insider Activity

In other news, Director Andrew C. Richardson sold 3,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $19.35, for a total transaction of $58,050.00. Following the transaction, the director owned 14,376 shares in the company, valued at approximately $278,175.60. This trade represents a 17.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 7,832 shares of company stock worth $153,097. 0.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Alpine Income Property Trust

Hedge funds have recently added to or reduced their stakes in the business. Triumph Capital Management bought a new position in Alpine Income Property Trust during the 4th quarter worth about $33,000. Key Capital Management INC bought a new stake in shares of Alpine Income Property Trust in the 4th quarter valued at about $38,000. Strs Ohio purchased a new stake in shares of Alpine Income Property Trust in the 1st quarter worth approximately $42,000. PNC Financial Services Group Inc. lifted its position in shares of Alpine Income Property Trust by 74.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,097 shares of the company’s stock worth $69,000 after purchasing an additional 1,746 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Alpine Income Property Trust by 36.3% during the fourth quarter. Royal Bank of Canada now owns 5,134 shares of the company’s stock valued at $86,000 after purchasing an additional 1,366 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 is a publicly traded real estate investment trust that specializes in acquiring, owning and managing single-tenant net lease properties. The company focuses on sale-leaseback and build-to-suit transactions with food and beverage companies, targeting facilities that support production, distribution and processing operations. By structuring long-term, triple-net leases, Alpine Income Property Trust seeks to deliver stable, predictable cash flow while allowing tenants to unlock capital from real estate assets and reinvest in their core businesses.

The company’s portfolio is diversified across multiple U.S.