Alpine Income Property Trust (NYSE:PINE) Raised to Strong-Buy at Zacks Research

Alpine Income Property Trust (NYSE:PINE) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

PINE has been the subject of a number of other research reports. Stifel Nicolaus reduced their price objective on Alpine Income Property Trust from $18.50 to $17.50 and set a “buy” rating for the company in a research note on Friday, July 25th. Alliance Global Partners reissued a “buy” rating on shares of Alpine Income Property Trust in a report on Friday, July 25th. Jones Trading reiterated a “buy” rating and issued a $19.00 price objective on shares of Alpine Income Property Trust in a research report on Monday, October 27th. UBS Group cut their price target on Alpine Income Property Trust from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, July 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Alpine Income Property Trust in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Alpine Income Property Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.63.

Alpine Income Property Trust Price Performance

Shares of NYSE PINE opened at $14.96 on Tuesday. Alpine Income Property Trust has a 52 week low of $13.10 and a 52 week high of $18.57. The business’s 50 day moving average price is $14.36 and its 200 day moving average price is $14.73. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.46. The firm has a market cap of $211.86 million, a P/E ratio of -42.75, a P/E/G ratio of 1.34 and a beta of 0.64.

Alpine Income Property Trust (NYSE:PINE) last announced its quarterly earnings data on Thursday, October 23rd. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.52). The business had revenue of $14.56 million for the quarter, compared to analyst estimates of $14.67 million. Alpine Income Property Trust had a negative net margin of 8.86% and a negative return on equity of 1.96%. Alpine Income Property Trust has set its FY 2025 guidance at 1.820-1.850 EPS. On average, sell-side analysts expect that Alpine Income Property Trust will post 1.74 earnings per share for the current year.

Institutional Trading of Alpine Income Property Trust

Large investors have recently bought and sold shares of the business. Atlantic Union Bankshares Corp purchased a new position in Alpine Income Property Trust in the 3rd quarter worth approximately $25,000. Strs Ohio purchased a new position in Alpine Income Property Trust during the first quarter worth approximately $42,000. Resona Asset Management Co. Ltd. boosted its stake in Alpine Income Property Trust by 16.6% during the first quarter. Resona Asset Management Co. Ltd. now owns 5,380 shares of the company’s stock worth $89,000 after buying an additional 765 shares during the last quarter. Jeppson Wealth Management LLC purchased a new stake in Alpine Income Property Trust in the 2nd quarter valued at $152,000. Finally, State of Wyoming acquired a new stake in shares of Alpine Income Property Trust in the 1st quarter worth $226,000. Hedge funds and other institutional investors own 60.50% of the company’s stock.

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.