Alpine Income Property Trust, Inc. (NYSE:PINE) Receives $19.16 Average Target Price from Brokerages

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

A number of equities analysts have recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Alpine Income Property Trust from $19.75 to $20.25 and gave the company a “buy” rating in a research report on Monday. Raymond James boosted their price target on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Wednesday, August 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. Robert W. Baird boosted their target price on Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Alliance Global Partners upped their target price on Alpine Income Property Trust from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, October 18th.

Institutional Trading of Alpine Income Property Trust

Institutional investors have recently modified their holdings of the company. Tidal Investments LLC lifted 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 worth $297,000 after acquiring an additional 1,064 shares during the period. Rhumbline Advisers lifted its position in shares of Alpine Income Property Trust by 8.0% in the 2nd quarter. Rhumbline Advisers now owns 17,197 shares of the company’s stock worth $268,000 after purchasing an additional 1,272 shares during the period. ClariVest Asset Management LLC boosted its stake in shares of Alpine Income Property Trust by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 54,299 shares of the company’s stock valued at $845,000 after purchasing an additional 1,516 shares in the last quarter. Guardian Wealth Management Inc. increased its position in shares of Alpine Income Property Trust by 4.3% during the second quarter. Guardian Wealth Management Inc. now owns 45,681 shares of the company’s stock valued at $711,000 after buying an additional 1,882 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Alpine Income Property Trust by 5.2% in the second quarter. Bank of New York Mellon Corp now owns 94,923 shares of the company’s stock worth $1,477,000 after buying an additional 4,723 shares in the last quarter. 60.50% of the stock is currently owned by hedge funds and other institutional investors.

Alpine Income Property Trust Stock Performance

Shares of PINE opened at $18.20 on Monday. Alpine Income Property Trust has a 1 year low of $14.25 and a 1 year high of $19.42. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.88 and a quick ratio of 0.88. The stock’s fifty day moving average price is $18.09 and its two-hundred day moving average price is $16.55. The firm has a market cap of $248.07 million, a PE ratio of 82.87, a PEG ratio of 1.87 and a beta of 0.80.

Alpine Income Property Trust (NYSE:PINE) last posted its quarterly earnings results 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). The business had revenue of $13.48 million during the quarter, compared to the consensus estimate of $12.08 million. Alpine Income Property Trust had a net margin of 6.72% and a return on equity of 1.23%. During the same period last year, the firm earned $0.37 EPS. On average, equities research analysts forecast that Alpine Income Property Trust will post 1.7 EPS for the current year.

Alpine Income Property Trust Increases Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 6.15%. 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 payout ratio is presently 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.