Alpine Income Property Trust, Inc. (NYSE:PINE) Receives $18.97 Consensus PT from Brokerages

Alpine Income Property Trust, Inc. (NYSE:PINE) has received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $18.97.

A number of research firms recently commented on PINE. Industrial Alliance Securities set a $19.00 price target on shares of Alpine Income Property Trust in a report on Friday, April 25th. Alliance Global Partners restated a “buy” rating on shares of Alpine Income Property Trust in a research report on Friday, April 25th. Jones Trading lowered their price objective on shares of Alpine Income Property Trust from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Stifel Nicolaus dropped their target price on shares of Alpine Income Property Trust from $19.25 to $18.75 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, UBS Group cut their target price on Alpine Income Property Trust from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th.

Hedge Funds Weigh In On Alpine Income Property Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio purchased a new stake in Alpine Income Property Trust in the first quarter worth about $42,000. Ameriflex Group Inc. bought a new position in shares of Alpine Income Property Trust in the 4th quarter worth approximately $43,000. BNP Paribas Financial Markets bought a new position in shares of Alpine Income Property Trust in the 4th quarter worth approximately $44,000. GAMMA Investing LLC lifted its stake in shares of Alpine Income Property Trust by 9,844.7% in the 1st quarter. GAMMA Investing LLC now owns 3,779 shares of the company’s stock valued at $63,000 after purchasing an additional 3,741 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Alpine Income Property Trust by 25.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the company’s stock valued at $72,000 after purchasing an additional 867 shares during the period. Hedge funds and other institutional investors own 60.50% of the company’s stock.

Alpine Income Property Trust Stock Performance

Shares of PINE stock opened at $15.00 on Tuesday. The company has a market capitalization of $214.04 million, a P/E ratio of 187.51, a PEG ratio of 1.43 and a beta of 0.61. Alpine Income Property Trust has a fifty-two week low of $14.51 and a fifty-two week high of $19.42. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a 50 day moving average price of $15.39 and a two-hundred day moving average price of $16.15.

Alpine Income Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 12th will be given a $0.285 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.14 annualized dividend and a dividend yield of 7.60%. Alpine Income Property Trust’s dividend payout ratio is 1,425.00%.

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.