Alpine Income Property Trust (NYSE:PINE) Shares Up 1.8% – Should You Buy?

Alpine Income Property Trust, Inc. (NYSE:PINE) shot up 1.8% during trading on Friday. The stock traded as high as $17.74 and last traded at $17.6680. 124,402 shares traded hands during trading, a decline of 27% from the average session volume of 171,140 shares. The stock had previously closed at $17.36.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PINE shares. JonesTrading raised their target price on shares of Alpine Income Property Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Robert W. Baird reissued a “neutral” rating and issued a $21.00 price target (up from $18.00) on shares of Alpine Income Property Trust in a research note on Monday, June 29th. Stifel Nicolaus increased their price target on shares of Alpine Income Property Trust from $21.50 to $22.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Alliance Global Partners restated a “buy” rating on shares of Alpine Income Property Trust in a research report on Friday, July 24th. Finally, Huntington assumed coverage on shares of Alpine Income Property Trust in a report on Wednesday, July 15th. They set an “outperform” rating and a $23.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.50.

Alpine Income Property Trust Price Performance

The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market capitalization of $316.79 million, a P/E ratio of 92.99, a price-to-earnings-growth ratio of 1.15 and a beta of 0.56. The firm has a 50-day moving average price of $19.02 and a 200 day moving average price of $19.35.

Alpine Income Property Trust (NYSE:PINE) last released its earnings results on Thursday, July 23rd. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $20.00 million during the quarter, compared to the consensus estimate of $18.85 million. Alpine Income Property Trust had a return on equity of 2.11% and a net margin of 9.36%.Alpine Income Property Trust has set its FY 2026 guidance at 2.120-2.150 EPS. On average, analysts expect that Alpine Income Property Trust, Inc. will post 2.16 EPS for the current year.

Alpine Income Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date was Thursday, September 10th. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.30. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently 673.68%.

Insider Activity

In related news, Director Andrew Richardson sold 2,000 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $20.28, for a total transaction of $40,560.00. Following the transaction, the director owned 8,425 shares of the company’s stock, valued at approximately $170,859. This trade represents a 19.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.60% of the company’s stock.

Institutional Trading of Alpine Income Property Trust

Several institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its holdings in shares of Alpine Income Property Trust by 13.5% during the first quarter. PNC Financial Services Group Inc. now owns 4,649 shares of the company’s stock worth $84,000 after purchasing an additional 552 shares during the period. Bank of America Corp DE increased its holdings in Alpine Income Property Trust by 11.6% during the 1st quarter. Bank of America Corp DE now owns 11,750 shares of the company’s stock valued at $212,000 after purchasing an additional 1,222 shares during the period. Legal & General Group Plc bought a new position in Alpine Income Property Trust during the 2nd quarter valued at approximately $32,000. Triumph Capital Management raised its position in Alpine Income Property Trust by 11.0% during the 2nd quarter. Triumph Capital Management now owns 23,864 shares of the company’s stock valued at $495,000 after purchasing an additional 2,358 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in Alpine Income Property Trust by 17.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 20,500 shares of the company’s stock worth $343,000 after buying an additional 3,000 shares during the period. 60.50% of the stock is currently owned by hedge funds and other institutional investors.

About Alpine Income Property Trust

Alpine Income Property Trust, Inc is a real estate investment trust (REIT) that acquires, owns and operates a portfolio of income-producing commercial properties. The company primarily invests in single-tenant retail and office properties that are generally leased under long-term net lease agreements, under which tenants typically assume responsibility for property taxes, insurance and maintenance expenses.

Alpine’s properties are located across the United States and are leased to a range of national, regional and local tenants.