Alpine Income Property Trust (NYSE:PINE) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Alpine Income Property Trust (NYSE:PINE) from a hold rating to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Weiss Ratings restated a “sell (d+)” rating on shares of Alpine Income Property Trust in a research note on Monday, December 29th. Alliance Global Partners reiterated a “neutral” rating on shares of Alpine Income Property Trust in a report on Monday, November 17th. Industrial Alliance Securities set a $18.50 price target on shares of Alpine Income Property Trust in a research report on Monday, November 17th. Stifel Nicolaus upped their price objective on shares of Alpine Income Property Trust from $17.50 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Finally, Jones Trading reiterated a “buy” rating and issued a $19.00 price objective on shares of Alpine Income Property Trust in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.88.

Alpine Income Property Trust Stock Up 2.2%

NYSE PINE traded up $0.39 during trading hours on Tuesday, hitting $18.18. The company’s stock had a trading volume of 53,234 shares, compared to its average volume of 141,784. The company has a market capitalization of $257.43 million, a PE ratio of -51.94, a price-to-earnings-growth ratio of 1.47 and a beta of 0.58. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.46. Alpine Income Property Trust has a 52 week low of $13.10 and a 52 week high of $18.16. The company’s 50-day simple moving average is $16.95 and its two-hundred day simple moving average is $15.36.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings data on Thursday, October 23rd. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.52). The company had revenue of $14.56 million during the quarter, compared to analysts’ expectations of $14.67 million. Alpine Income Property Trust had a negative return on equity of 1.96% and a negative net margin of 8.86%. Research analysts anticipate that Alpine Income Property Trust will post 1.74 EPS for the current fiscal year.

Alpine Income Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th were given a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Thursday, December 11th. Alpine Income Property Trust’s dividend payout ratio (DPR) is currently -325.71%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Atlantic Union Bankshares Corp bought a new stake in Alpine Income Property Trust in the 3rd quarter valued at about $25,000. Strs Ohio bought a new position in Alpine Income Property Trust during the first quarter worth about $42,000. BNP Paribas Financial Markets increased its stake in shares of Alpine Income Property Trust by 197.5% in the third quarter. BNP Paribas Financial Markets now owns 6,677 shares of the company’s stock worth $95,000 after purchasing an additional 4,433 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Alpine Income Property Trust by 31.4% in the third quarter. Public Employees Retirement System of Ohio now owns 10,227 shares of the company’s stock valued at $145,000 after purchasing an additional 2,442 shares during the period. Finally, Jeppson Wealth Management LLC bought a new stake in shares of Alpine Income Property Trust in the second quarter valued at approximately $152,000. Institutional investors own 60.50% of the company’s stock.

Alpine Income Property Trust Company Profile

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.