Alpine Income Property Trust (NYSE:PINE – Free Report) had its price objective lowered by Jonestrading from $19.00 to $18.00 in a report released on Friday, Benzinga reports. The firm currently has a buy rating on the stock.
PINE has been the subject of a number of other reports. Alliance Global Partners assumed coverage on Alpine Income Property Trust in a report on Thursday, April 11th. They issued a buy rating and a $19.00 price objective for the company. Stifel Nicolaus decreased their price target on Alpine Income Property Trust from $19.00 to $18.75 and set a buy rating for the company in a report on Friday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alpine Income Property Trust has an average rating of Buy and an average price target of $18.35.
Read Our Latest Analysis on Alpine Income Property Trust
Alpine Income Property Trust Stock Performance
Alpine Income Property Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.10 dividend on an annualized basis and a yield of 7.19%. Alpine Income Property Trust’s payout ratio is currently -2,750.00%.
Institutional Trading of Alpine Income Property Trust
A number of large investors have recently bought and sold shares of PINE. Tower Research Capital LLC TRC boosted its position in shares of Alpine Income Property Trust by 312.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,910 shares of the company’s stock worth $49,000 after purchasing an additional 2,205 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Alpine Income Property Trust in the 3rd quarter valued at about $70,000. Nisa Investment Advisors LLC lifted its position in Alpine Income Property Trust by 52.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,113 shares of the company’s stock valued at $84,000 after acquiring an additional 1,750 shares in the last quarter. SG Americas Securities LLC bought a new position in Alpine Income Property Trust in the 4th quarter valued at about $117,000. Finally, Private Advisor Group LLC lifted its position in Alpine Income Property Trust by 19.5% in the 3rd quarter. Private Advisor Group LLC now owns 13,542 shares of the company’s stock valued at $222,000 after acquiring an additional 2,207 shares in the last quarter. 60.50% of the stock is currently owned by institutional investors and hedge funds.
About Alpine Income Property Trust
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.
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