Alpine Income Property Trust, Inc. (NYSE:PINE) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $18.89.

Several equities research analysts have recently issued reports on PINE shares. Truist Financial lifted 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 research report on Tuesday, July 30th. Stifel Nicolaus upped their price objective on Alpine Income Property Trust from $18.00 to $19.25 and gave the stock a “buy” rating in a research report on Friday, July 19th. Raymond James increased their price objective on Alpine Income Property Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Finally, B. Riley restated a “buy” rating and set a $20.00 target price (up previously from $19.50) on shares of Alpine Income Property Trust in a research note on Wednesday, July 24th.

Insider Transactions at Alpine Income Property Trust

In other Alpine Income Property Trust news, major shareholder Cto Realty Growth, Inc. bought 6,562 shares of Alpine Income Property Trust stock in a transaction dated Tuesday, July 9th. The stock was acquired at an average cost of $14.99 per share, with a total value of $98,364.38. Following the completion of the acquisition, the insider now owns 202,918 shares of the company’s stock, valued at $3,041,740.82. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.74% of the company’s stock.

Institutional Trading of Alpine Income Property Trust

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Alpine Income Property Trust by 0.9% in the first 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 period. Sound Income Strategies LLC increased its position in Alpine Income Property Trust by 12.3% during the 2nd quarter. Sound Income Strategies LLC now owns 734,769 shares of the company’s stock worth $11,433,000 after purchasing an additional 80,725 shares during the period. Heartland Advisors Inc. raised its stake in shares of Alpine Income Property Trust by 53.0% during the 1st quarter. Heartland Advisors Inc. now owns 611,900 shares of the company’s stock worth $9,350,000 after buying an additional 211,900 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Alpine Income Property Trust by 7.7% in the 1st quarter. Russell Investments Group Ltd. now owns 493,508 shares of the company’s stock valued at $7,541,000 after buying an additional 35,151 shares during the period. Finally, Kennedy Capital Management LLC lifted its holdings in shares of Alpine Income Property Trust by 18.6% in the 1st quarter. Kennedy Capital Management LLC now owns 380,475 shares of the company’s stock valued at $5,814,000 after buying an additional 59,674 shares during the period. Institutional investors and hedge funds own 60.50% of the company’s stock.

Alpine Income Property Trust Trading Up 1.2 %

Shares of NYSE PINE opened at $18.22 on Thursday. 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 stock has a market capitalization of $248.34 million, a PE ratio of -455.50, a PEG ratio of 1.83 and a beta of 0.80. Alpine Income Property Trust has a twelve month low of $14.25 and a twelve month high of $19.42. The stock has a fifty day simple moving average of $17.80 and a 200-day simple moving average of $16.21.

Alpine Income Property Trust (NYSE:PINE) last released its earnings results on Thursday, July 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.38). The business had revenue of $12.49 million for the quarter, compared to analyst estimates of $12.10 million. Alpine Income Property Trust had a negative return on equity of 0.20% and a negative net margin of 1.16%. During the same quarter last year, the company earned $0.37 earnings per share. On average, equities analysts forecast that Alpine Income Property Trust will post 1.64 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 12th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date is Thursday, September 12th. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.28. Alpine Income Property Trust’s dividend payout ratio (DPR) is currently -2,800.00%.

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.