Alpine Income Property Trust (NYSE:PINE) Price Target Raised to $19.00 at Robert W. Baird

Alpine Income Property Trust (NYSE:PINE) had its price target boosted by research analysts at Robert W. Baird from $18.00 to $19.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 4.57% from the company’s current price.

Other analysts also recently issued research reports about the stock. Raymond James increased their price objective 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. Stifel Nicolaus lifted their price target on shares of Alpine Income Property Trust from $18.00 to $19.25 and gave the stock a “buy” rating in a research note on Friday, July 19th. Truist Financial boosted their price objective on shares of Alpine Income Property Trust from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Alliance Global Partners raised their target price on Alpine Income Property Trust from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, B. Riley reiterated a “buy” rating and issued a $20.00 price target (up previously from $19.50) on shares of Alpine Income Property Trust in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.25.

Alpine Income Property Trust Stock Down 0.9 %

Shares of Alpine Income Property Trust stock opened at $18.17 on Monday. Alpine Income Property Trust has a twelve month low of $14.25 and a twelve month high of $19.42. The stock has a market cap of $247.66 million, a price-to-earnings ratio of 82.59, a price-to-earnings-growth ratio of 1.87 and a beta of 0.80. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.00. The company has a fifty day moving average price of $18.09 and a 200 day moving average price of $16.55.

Alpine Income Property Trust (NYSE:PINE) last issued its earnings results on Thursday, October 17th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.19). Alpine Income Property Trust had a return on equity of 1.23% and a net margin of 6.72%. The company had revenue of $13.48 million during the quarter, compared to analysts’ expectations of $12.08 million. During the same period in the previous year, the company earned $0.37 EPS. Equities research analysts forecast that Alpine Income Property Trust will post 1.7 earnings per share for the current fiscal year.

Institutional Trading of Alpine Income Property Trust

A number of institutional investors and hedge funds have recently made changes to their positions in PINE. Sound Income Strategies LLC grew its stake in Alpine Income Property Trust by 13.9% during the 1st quarter. Sound Income Strategies LLC now owns 654,044 shares of the company’s stock worth $9,994,000 after buying an additional 79,969 shares during the last quarter. Heartland Advisors Inc. grew its position in shares of Alpine Income Property Trust by 53.0% during the first quarter. Heartland Advisors Inc. now owns 611,900 shares of the company’s stock worth $9,350,000 after acquiring an additional 211,900 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Alpine Income Property Trust by 7.7% during the first quarter. Russell Investments Group Ltd. now owns 493,508 shares of the company’s stock worth $7,541,000 after acquiring an additional 35,151 shares during the last quarter. Foundry Partners LLC increased its holdings in shares of Alpine Income Property Trust by 14.9% in the 1st quarter. Foundry Partners LLC now owns 180,035 shares of the company’s stock worth $2,751,000 after acquiring an additional 23,405 shares during the period. Finally, Vanguard Group Inc. lifted its position in Alpine Income Property Trust by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 755,563 shares of the company’s stock valued at $11,545,000 after purchasing an additional 6,522 shares during the last quarter. 60.50% of the stock is currently owned by institutional investors and hedge funds.

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.