BTIG Research Cuts Alpine Income Property Trust (NYSE:PINE) Price Target to $19.00

Alpine Income Property Trust (NYSE:PINE) had its price objective decreased by BTIG Research from $23.00 to $19.00 in a report issued on Monday morning, Benzinga reports. BTIG Research currently has a buy rating on the stock.

Other analysts also recently issued research reports about the stock. Stifel Nicolaus decreased their price target on shares of Alpine Income Property Trust from $19.00 to $18.75 and set a buy rating for the company in a research report on Friday, April 19th. Alliance Global Partners began coverage on shares of Alpine Income Property Trust in a research report on Thursday, April 11th. They set a buy rating and a $19.00 price target for the company. Finally, Jonestrading decreased their price target on shares of Alpine Income Property Trust from $19.00 to $18.00 and set a buy rating for the company in a research report on Friday, April 19th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of Buy and an average price target of $18.35.

Alpine Income Property Trust Stock Down 2.6 %

PINE stock opened at $15.07 on Monday. Alpine Income Property Trust has a twelve month low of $14.25 and a twelve month high of $17.72. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $205.25 million, a P/E ratio of -376.75, a PEG ratio of 1.63 and a beta of 0.80. The firm has a 50 day simple moving average of $15.42 and a 200-day simple moving average of $15.90.

Alpine Income Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 7.30%. The ex-dividend date was Wednesday, March 13th. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently -2,750.00%.

Hedge Funds Weigh In On Alpine Income Property Trust

Large investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC lifted its stake in Alpine Income Property Trust by 7.6% during the fourth quarter. Sound Income Strategies LLC now owns 574,075 shares of the company’s stock worth $9,708,000 after purchasing an additional 40,536 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Alpine Income Property Trust by 47.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 73,452 shares of the company’s stock valued at $1,242,000 after buying an additional 23,595 shares during the last quarter. Penserra Capital Management LLC lifted its stake in Alpine Income Property Trust by 14.4% in the third quarter. Penserra Capital Management LLC now owns 29,426 shares of the company’s stock valued at $481,000 after buying an additional 3,710 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Alpine Income Property Trust in the third quarter valued at $70,000. Finally, State of New Jersey Common Pension Fund D lifted its stake in Alpine Income Property Trust by 4.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 213,000 shares of the company’s stock valued at $3,485,000 after buying an additional 10,000 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 (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.