Brokerages Set Alpine Income Property Trust, Inc. (NYSE:PINE) Target Price at $18.35

Alpine Income Property Trust, Inc. (NYSE:PINE) has been assigned an average recommendation of “Buy” from the five ratings firms that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have covered the stock in the last year is $18.35.

A number of equities analysts recently issued reports on the stock. Jonestrading dropped their target price on shares of Alpine Income Property Trust from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Alliance Global Partners started coverage on shares of Alpine Income Property Trust in a report on Thursday, April 11th. They set a “buy” rating and a $19.00 price objective on the stock. Stifel Nicolaus reduced their target price on shares of Alpine Income Property Trust from $19.00 to $18.75 and set a “buy” rating for the company in a research note on Friday, April 19th. Finally, BTIG Research decreased their target price on Alpine Income Property Trust from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its stake in shares of Alpine Income Property Trust by 312.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,910 shares of the company’s stock valued at $49,000 after purchasing an additional 2,205 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Alpine Income Property Trust during the third quarter worth $70,000. Nisa Investment Advisors LLC lifted its holdings in shares of Alpine Income Property Trust by 52.0% during the third quarter. Nisa Investment Advisors LLC now owns 5,113 shares of the company’s stock valued at $84,000 after acquiring an additional 1,750 shares during the period. SG Americas Securities LLC bought a new position in shares of Alpine Income Property Trust during the fourth quarter valued at $117,000. Finally, Private Advisor Group LLC boosted its stake in shares of Alpine Income Property Trust by 19.5% in the 3rd quarter. Private Advisor Group LLC now owns 13,542 shares of the company’s stock valued at $222,000 after purchasing an additional 2,207 shares in the last quarter. Institutional investors own 60.50% of the company’s stock.

Alpine Income Property Trust Stock Performance

Shares of NYSE PINE opened at $14.87 on Monday. Alpine Income Property Trust has a 12 month low of $14.25 and a 12 month high of $17.72. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. The company has a market cap of $202.53 million, a P/E ratio of -371.75, a P/E/G ratio of 1.60 and a beta of 0.80. The business’s 50 day moving average is $15.34 and its two-hundred day moving average is $15.84.

Alpine Income Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.40%. The ex-dividend date was Wednesday, March 13th. Alpine Income Property Trust’s dividend payout ratio is -2,750.00%.

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.