Analysts Set Alpine Income Property Trust, Inc. (NYSE:PINE) Target Price at $19.25

Alpine Income Property Trust, Inc. (NYSE:PINE) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $19.25.

A number of equities research analysts have issued reports on PINE shares. Stifel Nicolaus raised their price target on shares of Alpine Income Property Trust from $19.75 to $20.25 and gave the stock a “buy” rating in a report on Monday, October 21st. Alliance Global Partners boosted their price target on Alpine Income Property Trust from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, October 18th. Robert W. Baird increased their price objective on Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Monday, October 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. Finally, Raymond James boosted 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.

Alpine Income Property Trust Stock Down 1.4 %

Shares of NYSE:PINE opened at $17.21 on Tuesday. The firm has a market capitalization of $245.64 million, a PE ratio of 78.23, a price-to-earnings-growth ratio of 1.72 and a beta of 0.79. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.85 and a current ratio of 3.85. Alpine Income Property Trust has a 52-week low of $14.32 and a 52-week high of $19.42. The firm has a fifty day moving average of $17.78 and a 200 day moving average of $17.18.

Alpine Income Property Trust (NYSE:PINE) last issued its 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). Alpine Income Property Trust had a return on equity of 1.23% and a net margin of 6.72%. The firm had revenue of $13.48 million during the quarter, compared to analysts’ expectations of $12.08 million. During the same period in the prior year, the company earned $0.37 EPS. As a group, research analysts anticipate that Alpine Income Property Trust will post 1.71 EPS for the current fiscal year.

Alpine Income Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.12 annualized dividend and a dividend yield of 6.51%. Alpine Income Property Trust’s payout ratio is 509.09%.

Insiders Place Their Bets

In related news, Director Wein Rachel Elias sold 2,000 shares of Alpine Income Property Trust stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $18.00, for a total value of $36,000.00. Following the completion of the transaction, the director now owns 9,492 shares in the company, valued at approximately $170,856. This trade represents a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 3,500 shares of company stock worth $62,975 in the last three months. 0.74% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Alpine Income Property Trust in the 3rd quarter worth $64,000. Truvestments Capital LLC bought a new stake in shares of Alpine Income Property Trust in the third quarter valued at about $143,000. Virtu Financial LLC purchased a new stake in Alpine Income Property Trust in the third quarter worth about $200,000. Quadrature Capital Ltd bought a new position in Alpine Income Property Trust during the 3rd quarter worth about $239,000. Finally, Rhumbline Advisers grew its holdings in Alpine Income Property Trust by 8.0% during the 2nd quarter. Rhumbline Advisers now owns 17,197 shares of the company’s stock worth $268,000 after acquiring an additional 1,272 shares in the last quarter. Hedge funds and other institutional investors own 60.50% of the company’s stock.

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.