Alpine Income Property Trust (NYSE:PINE) Raised to “Strong-Buy” at Zacks Research

Alpine Income Property Trust (NYSE:PINE) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday, Zacks reports.

Other equities analysts have also recently issued reports about the company. Weiss Ratings cut Alpine Income Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, September 21st. Huntington assumed coverage on Alpine Income Property Trust in a report on Wednesday, July 15th. They set an “outperform” rating and a $23.00 target price on the stock. Alliance Global Partners reissued a “buy” rating on shares of Alpine Income Property Trust in a report on Friday, July 24th. Stifel Nicolaus set a $21.25 price target on Alpine Income Property Trust in a research report on Tuesday, October 13th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $21.00 price target (up from $18.00) on shares of Alpine Income Property Trust in a research note on Monday, June 29th. Three investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $21.28.

Alpine Income Property Trust Trading Up 0.1%

Shares of PINE stock opened at $17.71 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.03. The stock has a market cap of $317.63 million, a P/E ratio of 93.24, a price-to-earnings-growth ratio of 1.16 and a beta of 0.56. The stock has a 50 day simple moving average of $18.49 and a 200 day simple moving average of $19.30. Alpine Income Property Trust has a 1 year low of $13.63 and a 1 year high of $21.99.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business 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, research analysts predict that Alpine Income Property Trust will post 2.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Alpine Income Property Trust

In related news, Director Andrew Richardson sold 2,000 shares of Alpine Income Property Trust stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $20.28, for a total transaction of $40,560.00. Following the sale, the director directly owned 8,425 shares of the company’s stock, valued at approximately $170,859. The trade was a 19.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Alpine Income Property Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Alpine Income Property Trust in the 2nd quarter valued at approximately $28,048,000. Heartland Advisors Inc. acquired a new stake in Alpine Income Property Trust in the second quarter valued at approximately $9,449,000. Bank of New York Mellon Corp acquired a new stake in Alpine Income Property Trust in the second quarter valued at approximately $1,813,000. Globeflex Capital L P acquired a new stake in Alpine Income Property Trust in the second quarter valued at approximately $1,535,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Alpine Income Property Trust during the second quarter worth $1,267,000. 60.50% of the stock is currently owned by institutional investors and hedge funds.

About Alpine Income Property Trust

Alpine Income Property Trust, Inc is a real estate investment trust (REIT) that owns and manages a portfolio of income-producing commercial properties. The company primarily focuses on single-tenant, net-leased retail properties, where tenants generally are responsible for property taxes, insurance and maintenance under the terms of their leases.

Alpine’s properties are occupied by tenants across a range of industries, including retail, grocery, home improvement, automotive services and other consumer-oriented businesses.