Alpine Income Property Trust (NYSE:PINE) Stock Price Target Lowered at Truist Financial

Alpine Income Property Trust (NYSE:PINE) had its price target reduced by Truist Financial from $20.00 to $19.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price objective points to a potential upside of 6.47% from the stock’s current price.

Several other research firms have also weighed in on PINE. Weiss Ratings lowered Alpine Income Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, September 21st. JonesTrading lifted their target price on Alpine Income Property Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Huntington began coverage on Alpine Income Property Trust in a research note on Wednesday, July 15th. They set an “outperform” rating and a $23.00 target price for the company. Robert W. Baird reissued a “neutral” rating and issued a $21.00 target price (up from $18.00) on shares of Alpine Income Property Trust in a report on Monday, June 29th. Finally, Stifel Nicolaus set a $21.25 target price on shares of Alpine Income Property Trust in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Alpine Income Property Trust currently has an average rating of “Moderate Buy” and a consensus target price of $21.28.

Alpine Income Property Trust Price Performance

Shares of PINE stock traded up $0.20 during trading hours on Thursday, reaching $17.84. The company’s stock had a trading volume of 12,158 shares, compared to its average volume of 167,409. The firm’s 50 day simple moving average is $18.64 and its 200-day simple moving average is $19.31. The company has a market capitalization of $320.05 million, a price-to-earnings ratio of 93.90, a PEG ratio of 1.21 and a beta of 0.56. Alpine Income Property Trust has a fifty-two week low of $13.63 and a fifty-two week high of $21.99. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.03.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Alpine Income Property Trust had a return on equity of 2.11% and a net margin of 9.36%. The company had revenue of $20.00 million for the quarter, compared to analyst estimates of $18.85 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.120-2.150 EPS. Sell-side analysts forecast that Alpine Income Property Trust will post 2.17 earnings per share for the current year.

Insider Buying and Selling at Alpine Income Property Trust

In other Alpine Income Property Trust news, Director Andrew Richardson sold 2,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $20.28, for a total transaction of $40,560.00. Following the sale, the director owned 8,425 shares of the company’s stock, valued at approximately $170,859. The trade was a 19.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Alpine Income Property Trust during the 2nd quarter valued at $28,048,000. Bank of New York Mellon Corp bought a new stake in Alpine Income Property Trust during the 2nd quarter worth $1,813,000. Globeflex Capital L P acquired a new position in Alpine Income Property Trust in the 2nd quarter worth about $1,535,000. Renaissance Technologies LLC increased its holdings in Alpine Income Property Trust by 87.1% in the 1st quarter. Renaissance Technologies LLC now owns 121,200 shares of the company’s stock worth $2,182,000 after purchasing an additional 56,422 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new position in Alpine Income Property Trust in the 2nd quarter worth about $1,267,000. 60.50% of the stock is currently owned by institutional investors.

Alpine Income Property Trust Company Profile

Alpine Income Property Trust, Inc is a real estate investment trust (REIT) that owns and manages a portfolio of income-producing commercial properties. The company primarily focuses on single-tenant, net-leased retail properties, where tenants generally are responsible for property taxes, insurance and maintenance under the terms of their leases.

Alpine’s properties are occupied by tenants across a range of industries, including retail, grocery, home improvement, automotive services and other consumer-oriented businesses.