Alpine Income Property Trust (NYSE:PINE) Coverage Initiated at Huntington

Huntington started coverage on shares of Alpine Income Property Trust (NYSE:PINE) in a report released on Wednesday. The firm set an “outperform” rating and a $23.00 price target on the stock. Huntington’s price target would indicate a potential upside of 11.43% from the company’s current price.

Several other research firms have also issued reports on PINE. JonesTrading reissued a “buy” rating and issued a $22.00 price objective on shares of Alpine Income Property Trust in a research report on Friday, April 24th. Weiss Ratings raised shares of Alpine Income Property Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 1st. Stifel Nicolaus set a $21.50 price objective on Alpine Income Property Trust in a research report on Friday, April 24th. Raymond James Financial upgraded Alpine Income Property Trust from an “outperform” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a research note on Tuesday, March 17th. Finally, Truist Financial decreased their target price on Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating for the company in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.61.

Alpine Income Property Trust Stock Performance

Shares of PINE stock opened at $20.64 on Wednesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.45 and a current ratio of 2.45. The firm has a market capitalization of $340.97 million, a price-to-earnings ratio of -229.31, a price-to-earnings-growth ratio of 1.36 and a beta of 0.54. Alpine Income Property Trust has a one year low of $13.10 and a one year high of $21.32. The company has a 50 day moving average price of $19.72 and a 200 day moving average price of $18.99.

Alpine Income Property Trust (NYSE:PINE) last issued its earnings results on Thursday, April 23rd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $18.41 million during the quarter, compared to analyst estimates of $17.62 million. Alpine Income Property Trust had a net margin of 1.09% and a return on equity of 0.25%. Alpine Income Property Trust has set its FY 2026 guidance at 2.110-2.150 EPS. Sell-side analysts anticipate that Alpine Income Property Trust will post 2.14 EPS for the current year.

Insider Activity

In other news, Director Andrew C. Richardson sold 2,832 shares of Alpine Income Property Trust stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $19.96, for a total value of $56,526.72. Following the completion of the transaction, the director directly owned 9,544 shares of the company’s stock, valued at approximately $190,498.24. The trade was a 22.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 7,832 shares of company stock worth $153,097. Corporate insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Alpine Income Property Trust

Several hedge funds and other institutional investors have recently modified their holdings of PINE. Triumph Capital Management bought a new stake in Alpine Income Property Trust during the fourth quarter worth approximately $33,000. Key Capital Management INC bought a new stake in shares of Alpine Income Property Trust during the 4th quarter worth $38,000. Strs Ohio bought a new stake in shares of Alpine Income Property Trust during the 1st quarter worth $42,000. PNC Financial Services Group Inc. grew its holdings in shares of Alpine Income Property Trust by 74.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,097 shares of the company’s stock worth $69,000 after acquiring an additional 1,746 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Alpine Income Property Trust by 36.3% in the 4th quarter. Royal Bank of Canada now owns 5,134 shares of the company’s stock worth $86,000 after acquiring an additional 1,366 shares during the last quarter. Institutional investors and hedge funds 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.