Alpine Income Property Trust, Inc. (NYSE:PINE) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $19.25.

PINE has been the topic of a number of recent research reports. Raymond James lifted their target price on Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. UBS Group initiated coverage on shares of Alpine Income Property Trust in a report on Monday, October 14th. They issued a “neutral” rating and a $19.00 target price on the stock. Alliance Global Partners lifted their price objective on Alpine Income Property Trust from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Stifel Nicolaus upped their target price 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. Finally, Robert W. Baird raised their price target on Alpine Income Property Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Monday, October 21st.

Alpine Income Property Trust Stock Performance

PINE opened at $17.89 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.85 and a current ratio of 3.85. The company has a market cap of $255.29 million, a PE ratio of 81.32, a price-to-earnings-growth ratio of 1.73 and a beta of 0.80. The stock has a 50-day moving average of $17.88 and a 200-day moving average of $16.96. Alpine Income Property Trust has a 52-week low of $14.32 and a 52-week high of $19.42.

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

Alpine Income Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be issued a $0.28 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.12 annualized dividend and a dividend yield of 6.26%. Alpine Income Property Trust’s dividend payout ratio (DPR) is currently 509.11%.

Hedge Funds Weigh In On Alpine Income Property Trust

Several institutional investors and hedge funds have recently modified their holdings of PINE. Sound Income Strategies LLC lifted its stake in Alpine Income Property Trust by 8.3% in the third quarter. Sound Income Strategies LLC now owns 795,428 shares of the company’s stock valued at $14,477,000 after buying an additional 60,659 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Alpine Income Property Trust by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 755,563 shares of the company’s stock valued at $11,545,000 after purchasing an additional 6,522 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Alpine Income Property Trust by 7.7% during the 1st quarter. Russell Investments Group Ltd. now owns 493,508 shares of the company’s stock worth $7,541,000 after acquiring an additional 35,151 shares during the period. Kennedy Capital Management LLC increased its holdings in shares of Alpine Income Property Trust by 18.6% in the first quarter. Kennedy Capital Management LLC now owns 380,475 shares of the company’s stock valued at $5,814,000 after purchasing an additional 59,674 shares during the last quarter. Finally, State Street Corp lifted its position 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 acquiring an additional 42,889 shares during the last quarter. 60.50% of the stock is currently owned by institutional investors and hedge funds.

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.