Alpine Income Property Trust, Inc. (NYSE:PINE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Alpine Income Property Trust, Inc. (NYSE:PINE) has received an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $19.25.

A number of research firms recently weighed in on PINE. Stifel Nicolaus boosted their price target on shares of Alpine Income Property Trust from $19.75 to $20.25 and gave the stock a “buy” rating in a research report on Monday, October 21st. UBS Group assumed coverage on Alpine Income Property Trust in a research report on Monday, October 14th. They issued a “neutral” rating and a $19.00 price target for the company. Alliance Global Partners lifted their price objective on Alpine Income Property Trust from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Robert W. Baird boosted their price objective on Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st.

Alpine Income Property Trust Stock Performance

NYSE PINE opened at $16.47 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.85 and a quick ratio of 3.85. The stock’s 50 day simple moving average is $17.32 and its 200-day simple moving average is $17.37. The company has a market cap of $235.08 million, a PE ratio of 74.87, a price-to-earnings-growth ratio of 1.67 and a beta of 0.80. Alpine Income Property Trust has a 1-year low of $14.32 and a 1-year high of $19.42.

Alpine Income Property Trust (NYSE:PINE) last announced its quarterly earnings data on Thursday, October 17th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.19). Alpine Income Property Trust had a net margin of 6.72% and a return on equity of 1.23%. The firm had revenue of $13.48 million during the quarter, compared to analysts’ expectations of $12.08 million. During the same quarter in the previous year, the business posted $0.37 EPS. As a group, equities research analysts anticipate that Alpine Income Property Trust will post 1.71 EPS for the current fiscal year.

Alpine Income Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th were given a $0.28 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.12 dividend on an annualized basis and a yield of 6.80%. Alpine Income Property Trust’s payout ratio is currently 509.09%.

Insiders Place Their Bets

In other news, Director Wein Rachel Elias sold 2,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $18.00, for a total transaction of $36,000.00. Following the completion of the transaction, the director now directly owns 9,492 shares in the company, valued at $170,856. This trade represents a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.74% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Alpine Income Property Trust

Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp increased its stake in Alpine Income Property Trust by 18.7% during the third quarter. State Street Corp now owns 272,081 shares of the company’s stock worth $4,952,000 after purchasing an additional 42,889 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Alpine Income Property Trust in the second quarter valued at approximately $647,000. Sound Income Strategies LLC increased its stake in Alpine Income Property Trust by 8.3% during the 3rd quarter. Sound Income Strategies LLC now owns 795,428 shares of the company’s stock worth $14,477,000 after buying an additional 60,659 shares during the period. Jane Street Group LLC lifted its holdings in Alpine Income Property Trust by 216.2% during the 3rd quarter. Jane Street Group LLC now owns 43,486 shares of the company’s stock worth $791,000 after buying an additional 29,735 shares in the last quarter. Finally, Barclays PLC boosted its position in Alpine Income Property Trust by 282.4% in the 3rd quarter. Barclays PLC now owns 16,411 shares of the company’s stock valued at $299,000 after buying an additional 12,119 shares during the period. Hedge funds and other institutional investors own 60.50% of the company’s stock.

About Alpine Income Property Trust

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.