Alpine Income Property Trust, Inc. (NYSE:PINE) Receives $17.88 Consensus PT from Analysts

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE) have received an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $17.8750.

A number of equities analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Alpine Income Property Trust in a report on Monday. Stifel Nicolaus increased their price objective on Alpine Income Property Trust from $17.50 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Jones Trading reiterated a “buy” rating and issued a $19.00 target price on shares of Alpine Income Property Trust in a research note on Monday, October 27th. Zacks Research raised Alpine Income Property Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Finally, Industrial Alliance Securities set a $18.50 price target on Alpine Income Property Trust in a research note on Monday, November 17th.

Institutional Trading of Alpine Income Property Trust

Several hedge funds have recently made changes to their positions in the company. Sound Income Strategies LLC boosted its holdings in shares of Alpine Income Property Trust by 7.6% in the third quarter. Sound Income Strategies LLC now owns 1,126,174 shares of the company’s stock valued at $15,001,000 after acquiring an additional 79,119 shares in the last quarter. Vanguard Group Inc. lifted its position in Alpine Income Property Trust by 0.7% in the third quarter. Vanguard Group Inc. now owns 772,504 shares of the company’s stock valued at $10,946,000 after purchasing an additional 5,681 shares during the period. Heartland Advisors Inc. boosted its holdings in Alpine Income Property Trust by 25.1% in the 3rd quarter. Heartland Advisors Inc. now owns 692,400 shares of the company’s stock valued at $9,811,000 after purchasing an additional 138,770 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Alpine Income Property Trust by 3.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 332,426 shares of the company’s stock valued at $4,890,000 after purchasing an additional 11,712 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Alpine Income Property Trust by 5.8% during the 2nd quarter. Geode Capital Management LLC now owns 327,734 shares of the company’s stock worth $4,822,000 after purchasing an additional 17,947 shares during the period. Institutional investors and hedge funds own 60.50% of the company’s stock.

Alpine Income Property Trust Stock Down 3.5%

PINE stock opened at $16.93 on Tuesday. The company has a fifty day moving average price of $15.44 and a 200 day moving average price of $14.99. Alpine Income Property Trust has a 12 month low of $13.10 and a 12 month high of $17.88. The company has a market cap of $239.77 million, a price-to-earnings ratio of -48.38, a price-to-earnings-growth ratio of 1.60 and a beta of 0.56. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.74 and a quick ratio of 0.74.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings data on Thursday, October 23rd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.52). Alpine Income Property Trust had a negative return on equity of 1.96% and a negative net margin of 8.86%.The business had revenue of $14.56 million for the quarter, compared to analysts’ expectations of $14.67 million. Alpine Income Property Trust has set its FY 2025 guidance at 1.820-1.850 EPS. Sell-side analysts expect that Alpine Income Property Trust will post 1.74 earnings per share for the current year.

Alpine Income Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th will be given a dividend of $0.285 per share. The ex-dividend date is Thursday, December 11th. This represents a $1.14 dividend on an annualized basis and a yield of 6.7%. Alpine Income Property Trust’s dividend payout ratio is presently -325.71%.

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.