Alpine Income Property Trust (NYSE:PINE – Get Free Report) had its target price reduced by analysts at Stifel Nicolaus from $19.00 to $18.75 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 25.84% from the stock’s previous close.
Several other equities research analysts also recently issued reports on the company. Alliance Global Partners assumed coverage on Alpine Income Property Trust in a research report on Thursday, April 11th. They issued a “buy” rating and a $19.00 price target on the stock. Jonestrading reduced their target price on shares of Alpine Income Property Trust from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, February 12th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Alpine Income Property Trust currently has a consensus rating of “Buy” and an average price target of $19.15.
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Alpine Income Property Trust Stock Up 2.4 %
Institutional Trading of Alpine Income Property Trust
A number of institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. bought a new stake in Alpine Income Property Trust during the 4th quarter worth about $26,000. State of Wyoming acquired a new position in shares of Alpine Income Property Trust during the 2nd quarter worth approximately $29,000. Tower Research Capital LLC TRC grew its position in shares of Alpine Income Property Trust by 312.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,910 shares of the company’s stock worth $49,000 after purchasing an additional 2,205 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Alpine Income Property Trust during the 3rd quarter worth approximately $70,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Alpine Income Property Trust during the 2nd quarter worth approximately $70,000. Institutional investors and hedge funds own 60.50% of the company’s stock.
Alpine Income Property Trust Company Profile
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.
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