Alpine Income Property Trust (NYSE:PINE) Price Target Cut to $16.00 by Analysts at UBS Group

Alpine Income Property Trust (NYSE:PINE) had its price objective reduced by UBS Group from $17.00 to $16.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also issued reports on PINE. Jones Trading dropped their price target 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. Alliance Global Partners reissued a “buy” rating on shares of Alpine Income Property Trust in a report 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 research report on Friday, April 25th. Finally, Industrial Alliance Securities set a $19.00 price target on shares of Alpine Income Property Trust in a research report on Friday, April 25th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.97.

Alpine Income Property Trust Price Performance

Shares of NYSE PINE opened at $15.10 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.09. Alpine Income Property Trust has a fifty-two week low of $14.51 and a fifty-two week high of $19.42. The business has a 50 day moving average price of $15.97 and a two-hundred day moving average price of $16.67. The firm has a market cap of $215.43 million, a PE ratio of 107.86, a price-to-earnings-growth ratio of 1.58 and a beta of 0.60.

Insider Activity

In related news, Director Andrew C. Richardson sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $16.64, for a total value of $33,280.00. Following the sale, the director now owns 17,143 shares of the company’s stock, valued at approximately $285,259.52. This trade represents a 10.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in Alpine Income Property Trust in the fourth quarter valued at $2,130,000. Nuveen Asset Management LLC grew its position in shares of Alpine Income Property Trust by 127.9% during the fourth quarter. Nuveen Asset Management LLC now owns 174,465 shares of the company’s stock worth $2,929,000 after acquiring an additional 97,910 shares during the last quarter. AlphaCentric Advisors LLC acquired a new stake in shares of Alpine Income Property Trust in the 4th quarter worth about $1,544,000. Crossingbridge Advisors LLC bought a new stake in Alpine Income Property Trust in the 4th quarter valued at about $1,544,000. Finally, Sound Income Strategies LLC lifted its position in Alpine Income Property Trust by 9.6% in the 1st quarter. Sound Income Strategies LLC now owns 950,536 shares of the company’s stock valued at $15,893,000 after purchasing an additional 83,620 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.