Alpine Income Property Trust (NYSE:PINE) Stock Rating Upgraded by Zacks Research

Alpine Income Property Trust (NYSE:PINE) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other brokerages also recently commented on PINE. Alliance Global Partners restated a “neutral” rating on shares of Alpine Income Property Trust in a research note on Monday, November 17th. Industrial Alliance Securities set a $18.50 price objective on shares of Alpine Income Property Trust in a report on Monday, November 17th. Jones Trading restated a “buy” rating and issued a $19.00 target price on shares of Alpine Income Property Trust in a report on Monday, October 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Alpine Income Property Trust in a report on Monday, December 29th. Finally, Stifel Nicolaus raised their price objective on Alpine Income Property Trust from $17.50 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.88.

Alpine Income Property Trust Trading Up 3.0%

PINE stock traded up $0.53 during mid-day trading on Tuesday, reaching $18.32. The company’s stock had a trading volume of 64,958 shares, compared to its average volume of 142,561. Alpine Income Property Trust has a 12 month low of $13.10 and a 12 month high of $18.25. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.46. The business’s 50 day moving average price is $16.95 and its 200 day moving average price is $15.36. The company has a market cap of $259.34 million, a price-to-earnings ratio of -52.11, a price-to-earnings-growth ratio of 1.47 and a beta of 0.58.

Alpine Income Property Trust (NYSE:PINE) last posted its quarterly earnings results on Thursday, October 23rd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.52). The business had revenue of $14.56 million for the quarter, compared to the consensus estimate of $14.67 million. Alpine Income Property Trust had a negative return on equity of 1.96% and a negative net margin of 8.86%. On average, equities research analysts predict that Alpine Income Property Trust will post 1.74 EPS for the current year.

Institutional Investors Weigh In On Alpine Income Property Trust

A number of large investors have recently added to or reduced their stakes in PINE. Sound Income Strategies LLC grew its position in Alpine Income Property Trust by 7.6% during 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 during the last quarter. Rhumbline Advisers grew its stake in shares of Alpine Income Property Trust by 3.7% during the first quarter. Rhumbline Advisers now owns 20,652 shares of the company’s stock valued at $345,000 after buying an additional 736 shares during the last quarter. Penserra Capital Management LLC bought a new stake in shares of Alpine Income Property Trust in the 2nd quarter valued at about $1,012,000. Gabelli Funds LLC bought a new stake in Alpine Income Property Trust during the 2nd quarter valued at $3,621,000. Finally, Jeppson Wealth Management LLC purchased a new position in Alpine Income Property Trust during the 2nd quarter valued at about $152,000. Hedge funds and other institutional investors own 60.50% of the company’s stock.

About Alpine Income Property Trust

Alpine Income Property Trust, Inc is a publicly traded real estate investment trust that specializes in acquiring, owning and managing single-tenant net lease properties. The company focuses on sale-leaseback and build-to-suit transactions with food and beverage companies, targeting facilities that support production, distribution and processing operations. By structuring long-term, triple-net leases, Alpine Income Property Trust seeks to deliver stable, predictable cash flow while allowing tenants to unlock capital from real estate assets and reinvest in their core businesses.

The company’s portfolio is diversified across multiple U.S.