Alpine Income Property Trust, Inc. (NYSE:PINE) Stock Now Rated “Buy” by Wall Street Brokerages

Alpine Income Property Trust, Inc. (NYSE:PINE) has earned an average recommendation of “Buy” from the twelve ratings firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $20.50.

Several research analysts recently commented on PINE shares. JonesTrading decreased their target price on shares of Alpine Income Property Trust from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Cantor Fitzgerald lowered their price target on shares of Alpine Income Property Trust from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, October 28th. Stifel Nicolaus dropped their price target on shares of Alpine Income Property Trust from $21.25 to $20.00 and set a “buy” rating for the company in a research report on Friday, October 23rd. Zacks Research upgraded shares of Alpine Income Property Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Alpine Income Property Trust in a research note on Friday, July 24th.

Institutional Trading of Alpine Income Property Trust

Several institutional investors have recently added to or reduced their stakes in PINE. Legal & General Group Plc bought a new stake in shares of Alpine Income Property Trust in the second quarter worth $32,000. Virtus Advisers LLC bought a new position in shares of Alpine Income Property Trust during the second quarter worth $80,000. PNC Financial Services Group Inc. boosted its stake in Alpine Income Property Trust by 13.5% during the first quarter. PNC Financial Services Group Inc. now owns 4,649 shares of the company’s stock valued at $84,000 after buying an additional 552 shares during the last quarter. State of Wyoming purchased a new stake in Alpine Income Property Trust during the first quarter valued at $128,000. Finally, Abel Hall LLC purchased a new stake in Alpine Income Property Trust during the first quarter valued at approximately $189,000. 60.50% of the stock is currently owned by hedge funds and other institutional investors.

Alpine Income Property Trust Price Performance

Shares of Alpine Income Property Trust stock opened at $16.67 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.85 and a quick ratio of 1.85. The business’s 50 day simple moving average is $17.88 and its two-hundred day simple moving average is $19.05. The stock has a market capitalization of $299.11 million, a P/E ratio of 36.25, a price-to-earnings-growth ratio of 1.10 and a beta of 0.59. Alpine Income Property Trust has a one year low of $14.51 and a one year high of $21.99.

Alpine Income Property Trust (NYSE:PINE) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The firm had revenue of $20.46 million during the quarter, compared to the consensus estimate of $20.19 million. Alpine Income Property Trust had a return on equity of 3.68% and a net margin of 16.55%. Analysts forecast that Alpine Income Property Trust will post 2.20 EPS for the current year.

Alpine Income Property Trust Company Profile

Alpine Income Property Trust, Inc is a real estate investment trust (REIT) that owns and manages a portfolio of income-producing commercial properties in the United States. The company primarily invests in single-tenant net lease properties, under which tenants generally assume responsibility for property expenses such as taxes, insurance and maintenance.

Its portfolio has included retail, office and industrial properties leased to tenants across a range of industries. Alpine seeks to generate rental income through long-term leases and may pursue acquisitions, dispositions and other real estate investments intended to support the growth and diversification of its property portfolio.

Alpine Income Property Trust was formed by CTO Realty Growth, Inc and became a publicly traded company in 2019 following its separation from CTO Realty Growth.