Alpine Income Property Trust (NYSE:PINE) Downgraded to Hold Rating by Robert W. Baird

Robert W. Baird downgraded shares of Alpine Income Property Trust (NYSE:PINE) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

Several other research analysts also recently issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Alpine Income Property Trust in a research report on Friday, April 24th. Zacks Research cut shares of Alpine Income Property Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Stifel Nicolaus set a $21.50 target price on shares of Alpine Income Property Trust in a research note on Friday, April 24th. Raymond James Financial raised Alpine Income Property Trust from an “outperform” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a report on Tuesday, March 17th. Finally, Alliance Global Partners restated a “buy” rating on shares of Alpine Income Property Trust in a research report on Tuesday, April 28th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Alpine Income Property Trust has a consensus rating of “Moderate Buy” and an average price target of $20.31.

Alpine Income Property Trust Price Performance

Shares of NYSE PINE opened at $20.69 on Monday. The stock has a market cap of $341.77 million, a P/E ratio of -229.84, a P/E/G ratio of 1.42 and a beta of 0.56. Alpine Income Property Trust has a twelve month low of $13.10 and a twelve month high of $21.32. The stock has a 50 day moving average of $19.49 and a two-hundred day moving average of $18.73. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 1.08.

Alpine Income Property Trust (NYSE:PINE) last announced its earnings results on Thursday, April 23rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The business had revenue of $18.41 million for the quarter, compared to analysts’ expectations of $17.62 million. Alpine Income Property Trust had a return on equity of 0.25% and a net margin of 1.09%.Alpine Income Property Trust has set its FY 2026 guidance at 2.110-2.150 EPS. On average, research analysts forecast that Alpine Income Property Trust will post 2.14 earnings per share for the current year.

Alpine Income Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 11th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.20 dividend on an annualized basis and a yield of 5.8%. Alpine Income Property Trust’s dividend payout ratio is presently -1,333.33%.

Insider Buying and Selling

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 2,832 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $19.96, for a total transaction of $56,526.72. Following the sale, the director owned 9,544 shares in the company, valued at approximately $190,498.24. This represents a 22.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 7,832 shares of company stock worth $153,097. 0.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Alpine Income Property Trust

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Triumph Capital Management purchased a new stake in Alpine Income Property Trust during the 4th quarter worth about $33,000. Key Capital Management INC acquired a new position in Alpine Income Property Trust in the 4th quarter valued at about $38,000. Strs Ohio purchased a new position in Alpine Income Property Trust in the 1st quarter valued at about $42,000. PNC Financial Services Group Inc. lifted its holdings in Alpine Income Property Trust by 74.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,097 shares of the company’s stock valued at $69,000 after purchasing an additional 1,746 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Alpine Income Property Trust by 36.3% during the 4th quarter. Royal Bank of Canada now owns 5,134 shares of the company’s stock worth $86,000 after purchasing an additional 1,366 shares during the last quarter. 60.50% of the stock is currently owned by hedge funds and other institutional investors.

About Alpine Income Property Trust

Alpine Income Property Trust, Inc is a publicly traded real estate investment trust that specializes in acquiring, owning and managing single-tenant net lease properties. The company focuses on sale-leaseback and build-to-suit transactions with food and beverage companies, targeting facilities that support production, distribution and processing operations. By structuring long-term, triple-net leases, Alpine Income Property Trust seeks to deliver stable, predictable cash flow while allowing tenants to unlock capital from real estate assets and reinvest in their core businesses.

The company’s portfolio is diversified across multiple U.S.