Alpine Income Property Trust, Inc. (NYSE:PINE) Receives $18.69 Average Target Price from Brokerages

Shares of Alpine Income Property Trust, Inc. (NYSE:PINEGet Free Report) have been given an average recommendation of “Buy” by the five analysts that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $18.69.

Several research analysts have issued reports on the stock. Stifel Nicolaus lowered their price target on shares of Alpine Income Property Trust from $19.00 to $18.75 and set a “buy” rating for the company in a report on Friday, April 19th. BTIG Research lowered their price target on shares of Alpine Income Property Trust from $23.00 to $19.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Jonestrading lowered their price objective on shares of Alpine Income Property Trust from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Finally, Alliance Global Partners began coverage on shares of Alpine Income Property Trust in a research note on Thursday, April 11th. They issued a “buy” rating and a $19.00 price objective for the company.

Read Our Latest Stock Analysis on PINE

Alpine Income Property Trust Stock Up 2.0 %

Alpine Income Property Trust stock opened at $15.65 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 1.31. Alpine Income Property Trust has a 52-week low of $14.25 and a 52-week high of $17.72. The firm has a 50 day moving average price of $15.32 and a two-hundred day moving average price of $15.73. The firm has a market cap of $213.15 million, a price-to-earnings ratio of -389.00, a PEG ratio of 1.65 and a beta of 0.79.

Alpine Income Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be paid a $0.275 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.10 annualized dividend and a dividend yield of 7.03%. Alpine Income Property Trust’s dividend payout ratio is currently -2,750.00%.

Institutional Trading of Alpine Income Property Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tidal Investments LLC increased its stake in Alpine Income Property Trust by 5.8% during the 1st quarter. Tidal Investments LLC now owns 19,466 shares of the company’s stock valued at $297,000 after purchasing an additional 1,064 shares in the last quarter. Kennedy Capital Management LLC increased its stake in Alpine Income Property Trust by 18.6% during the 1st quarter. Kennedy Capital Management LLC now owns 380,475 shares of the company’s stock valued at $5,814,000 after purchasing an additional 59,674 shares in the last quarter. Carlson Capital L P bought a new stake in Alpine Income Property Trust during the 1st quarter valued at $1,202,000. Vanguard Group Inc. increased its stake in Alpine Income Property Trust by 0.9% during 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 in the last quarter. Finally, Foundry Partners LLC increased its stake in Alpine Income Property Trust by 14.9% during the 1st quarter. Foundry Partners LLC now owns 180,035 shares of the company’s stock valued at $2,751,000 after purchasing an additional 23,405 shares in the last quarter. Institutional investors own 60.50% of the company’s stock.

About Alpine Income Property Trust

(Get Free Report

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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Analyst Recommendations for Alpine Income Property Trust (NYSE:PINE)

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