Alpine Income Property Trust (NYSE:PINE) Price Target Raised to $19.25

Alpine Income Property Trust (NYSE:PINE) had its target price upped by Stifel Nicolaus from $18.00 to $19.25 in a research note published on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

PINE has been the topic of a number of other research reports. BTIG Research lowered their target price on Alpine Income Property Trust from $23.00 to $19.00 and set a buy rating on the stock in a report on Monday, April 22nd. Alliance Global Partners began coverage on Alpine Income Property Trust in a report on Thursday, April 11th. They set a buy rating and a $19.00 target price on the stock. Finally, Jonestrading lowered their target price on Alpine Income Property Trust from $19.00 to $18.00 and set a buy rating on the stock in a report on Friday, April 19th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of Buy and an average price target of $18.81.

Alpine Income Property Trust Stock Up 0.1 %

PINE opened at $16.80 on Friday. The business has a 50 day moving average price of $15.53 and a two-hundred day moving average price of $15.54. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. Alpine Income Property Trust has a 52 week low of $14.25 and a 52 week high of $17.72.

Alpine Income Property Trust (NYSE:PINE) last issued its earnings results on Thursday, July 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.38). The business had revenue of $12.49 million for the quarter, compared to analysts’ expectations of $12.10 million. Alpine Income Property Trust had a negative return on equity of 0.20% and a negative net margin of 1.16%. During the same period last year, the company posted $0.37 earnings per share. On average, equities research analysts predict that Alpine Income Property Trust will post 1.59 EPS for the current fiscal year.

Alpine Income Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 6.55%. The ex-dividend date was Thursday, June 13th. Alpine Income Property Trust’s dividend payout ratio (DPR) is currently -2,750.00%.

Insider Buying and Selling

In other news, major shareholder Cto Realty Growth, Inc. bought 7,959 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were acquired at an average cost of $14.97 per share, with a total value of $119,146.23. Following the transaction, the insider now owns 190,094 shares of the company’s stock, valued at approximately $2,845,707.18. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have bought 21,804 shares of company stock valued at $326,747. 0.74% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its position in Alpine Income Property Trust by 312.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,910 shares of the company’s stock valued at $49,000 after purchasing an additional 2,205 shares during the period. SG Americas Securities LLC purchased a new position in Alpine Income Property Trust in the fourth quarter valued at about $117,000. Tidal Investments LLC raised its position in Alpine Income Property Trust by 5.8% in the first quarter. Tidal Investments LLC now owns 19,466 shares of the company’s stock valued at $297,000 after purchasing an additional 1,064 shares during the period. Guardian Wealth Management Inc. increased its position in shares of Alpine Income Property Trust by 3.0% during the fourth quarter. Guardian Wealth Management Inc. now owns 38,927 shares of the company’s stock worth $658,000 after acquiring an additional 1,138 shares during the last quarter. Finally, Carlson Capital L P purchased a new stake in shares of Alpine Income Property Trust during the first quarter worth about $1,202,000. 60.50% of the stock is owned by hedge funds and other 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.