Alpine Income Property Trust, Inc. (NYSE:PINE) Given Average Recommendation of “Hold” by Analysts

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE) have earned an average rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $17.6250.

Several equities analysts have recently weighed in on PINE shares. Alliance Global Partners reiterated a “buy” rating on shares of Alpine Income Property Trust in a research note on Friday, July 25th. UBS Group decreased their price target on shares of Alpine Income Property Trust from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 16th. Jones Trading decreased their price target on shares of Alpine Income Property Trust from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. Stifel Nicolaus decreased their target price on Alpine Income Property Trust from $18.50 to $17.50 and set a “buy” rating on the stock in a report on Friday, July 25th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Alpine Income Property Trust in a report on Friday.

Alpine Income Property Trust Stock Down 1.1%

PINE stock opened at $13.78 on Monday. Alpine Income Property Trust has a fifty-two week low of $13.10 and a fifty-two week high of $18.57. The business’s 50-day moving average is $14.42 and its two-hundred day moving average is $14.81. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $195.12 million, a price-to-earnings ratio of -39.37, a P/E/G ratio of 1.25 and a beta of 0.67.

Alpine Income Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 11th were paid a $0.285 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $1.14 annualized dividend and a dividend yield of 8.3%. Alpine Income Property Trust’s dividend payout ratio (DPR) is -325.71%.

Insider Buying and Selling

In other news, CEO John P. Albright bought 3,500 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were bought at an average price of $14.20 per share, for a total transaction of $49,700.00. Following the purchase, the chief executive officer owned 11,444 shares in the company, valued at approximately $162,504.80. The trade was a 44.06% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.46% of the company’s stock.

Institutional Trading of Alpine Income Property Trust

Several institutional investors and hedge funds have recently modified their holdings of the company. Jeppson Wealth Management LLC raised its position in shares of Alpine Income Property Trust by 37.0% during the 3rd quarter. Jeppson Wealth Management LLC now owns 14,117 shares of the company’s stock valued at $200,000 after purchasing an additional 3,810 shares during the period. Exchange Traded Concepts LLC raised its holdings in Alpine Income Property Trust by 5.5% during the third quarter. Exchange Traded Concepts LLC now owns 32,145 shares of the company’s stock valued at $455,000 after acquiring an additional 1,689 shares during the period. Sound Income Strategies LLC raised its holdings in Alpine Income Property Trust by 7.6% during the third quarter. Sound Income Strategies LLC now owns 1,126,174 shares of the company’s stock valued at $15,001,000 after acquiring an additional 79,119 shares during the period. Ameriprise Financial Inc. raised its holdings in Alpine Income Property Trust by 13.1% during the second quarter. Ameriprise Financial Inc. now owns 15,620 shares of the company’s stock valued at $230,000 after acquiring an additional 1,810 shares during the period. Finally, Qube Research & Technologies Ltd raised its holdings in Alpine Income Property Trust by 43.4% during the second quarter. Qube Research & Technologies Ltd now owns 39,848 shares of the company’s stock valued at $586,000 after acquiring an additional 12,063 shares during the period. 60.50% of the stock is currently owned by institutional investors.

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.