Brokerages Set Alpine Income Property Trust, Inc. (NYSE:PINE) Price Target at $19.25

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE) have been given an average rating of “Moderate Buy” by the nine ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $19.25.

A number of equities analysts recently issued reports on PINE shares. Alliance Global Partners raised their price objective on shares of Alpine Income Property Trust from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Stifel Nicolaus boosted their price objective on shares of Alpine Income Property Trust from $19.75 to $20.25 and gave the company a “buy” rating in a research report on Monday, October 21st. Robert W. Baird raised their target price on Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Raymond James boosted 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 Wednesday, August 21st. Finally, UBS Group assumed coverage on Alpine Income Property Trust in a research note on Monday, October 14th. They issued a “neutral” rating and a $19.00 price objective on the stock.

Insiders Place Their Bets

In other Alpine Income Property Trust news, Director Wein Rachel Elias sold 2,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $18.00, for a total value of $36,000.00. Following the sale, the director now owns 9,492 shares in the company, valued at $170,856. The trade was a 17.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 3,500 shares of company stock worth $62,975 in the last three months. 0.74% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in Alpine Income Property Trust during the third quarter valued at approximately $64,000. Truvestments Capital LLC bought a new position in shares of Alpine Income Property Trust during the 3rd quarter valued at approximately $143,000. Virtu Financial LLC purchased a new position in shares of Alpine Income Property Trust in the third quarter valued at $200,000. Quadrature Capital Ltd bought a new stake in Alpine Income Property Trust in the third quarter worth $239,000. Finally, Rhumbline Advisers raised its stake in Alpine Income Property Trust by 8.0% during the second quarter. Rhumbline Advisers now owns 17,197 shares of the company’s stock valued at $268,000 after purchasing an additional 1,272 shares in the last quarter. Hedge funds and other institutional investors own 60.50% of the company’s stock.

Alpine Income Property Trust Trading Up 0.7 %

Shares of PINE stock opened at $17.23 on Tuesday. The stock has a market capitalization of $245.80 million, a P/E ratio of 78.30, a P/E/G ratio of 1.67 and a beta of 0.79. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 1.03. The firm’s 50 day moving average is $17.76 and its 200 day moving average is $17.24. Alpine Income Property Trust has a 12-month low of $14.32 and a 12-month high of $19.42.

Alpine Income Property Trust (NYSE:PINE) last posted its quarterly earnings data on Thursday, October 17th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.19). The firm had revenue of $13.48 million for the quarter, compared to analysts’ expectations 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 last year, the company posted $0.37 EPS. Research analysts expect that Alpine Income Property Trust will post 1.71 earnings per share for the current year.

Alpine Income Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 dividend on an annualized basis and a yield of 6.50%. Alpine Income Property Trust’s dividend payout ratio is presently 509.11%.

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.