Alpine Income Property Trust, Inc. (NYSE:PINE) Receives $17.88 Average Target Price from Analysts

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE) have been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $17.8750.

Several research analysts have weighed in on PINE shares. Industrial Alliance Securities set a $18.50 price objective on Alpine Income Property Trust in a research report on Monday, November 17th. Stifel Nicolaus boosted their price objective on shares of Alpine Income Property Trust from $17.50 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Zacks Research raised shares of Alpine Income Property Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. Jones Trading reissued a “buy” rating and set a $19.00 price objective on shares of Alpine Income Property Trust in a report on Monday, October 27th. Finally, Alliance Global Partners restated a “neutral” rating on shares of Alpine Income Property Trust in a report on Monday, November 17th.

Alpine Income Property Trust Stock Performance

Shares of NYSE PINE opened at $17.65 on Wednesday. Alpine Income Property Trust has a 12 month low of $13.10 and a 12 month high of $18.32. The company has a market capitalization of $249.94 million, a P/E ratio of -50.41, a P/E/G ratio of 1.47 and a beta of 0.58. The stock has a 50 day moving average of $17.13 and a 200-day moving average of $15.51. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.46.

Alpine Income Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, December 11th were issued a $0.285 dividend. The ex-dividend date was Thursday, December 11th. This represents a $1.14 annualized dividend and a yield of 6.5%. Alpine Income Property Trust’s payout ratio is presently -325.71%.

Hedge Funds Weigh In On Alpine Income Property Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sound Income Strategies LLC boosted its stake 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 worth $15,001,000 after acquiring an additional 79,119 shares in the last quarter. Penserra Capital Management LLC bought a new position in Alpine Income Property Trust in the 2nd quarter valued at about $1,012,000. Gabelli Funds LLC bought a new position in shares of Alpine Income Property Trust in the second quarter valued at approximately $3,621,000. Russell Investments Group Ltd. raised its holdings in shares of Alpine Income Property Trust by 3.7% in the second 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 during the last quarter. Finally, Crossingbridge Advisors LLC boosted its stake in shares of Alpine Income Property Trust by 2.0% in the 3rd quarter. Crossingbridge Advisors LLC now owns 114,929 shares of the company’s stock worth $1,618,000 after buying an additional 2,255 shares during the last quarter. 60.50% of the stock is currently owned by institutional investors.

Alpine Income Property Trust Company Profile

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.