Alpine Income Property Trust, Inc. (NYSE:PINE) Given Consensus Rating of “Moderate Buy” by Brokerages

Alpine Income Property Trust, Inc. (NYSE:PINE) has earned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $19.25.

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

Insider Activity

In other news, Director Wein Rachel Elias sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $18.00, for a total value of $36,000.00. Following the completion of the transaction, the director now owns 9,492 shares in the company, valued at $170,856. This trade represents a 17.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.74% of the stock is owned by corporate insiders.

Institutional Trading of Alpine Income Property Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC increased its position in shares of Alpine Income Property Trust by 8.3% during the 3rd quarter. Sound Income Strategies LLC now owns 795,428 shares of the company’s stock worth $14,477,000 after purchasing an additional 60,659 shares during the last quarter. State Street Corp grew its stake in shares of Alpine Income Property Trust by 18.7% in the third quarter. State Street Corp now owns 272,081 shares of the company’s stock valued at $4,952,000 after buying an additional 42,889 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Alpine Income Property Trust by 8.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 188,703 shares of the company’s stock worth $3,434,000 after buying an additional 15,000 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Alpine Income Property Trust by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 117,280 shares of the company’s stock worth $1,825,000 after acquiring an additional 8,332 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Alpine Income Property Trust by 5.2% in the second quarter. Bank of New York Mellon Corp now owns 94,923 shares of the company’s stock valued at $1,477,000 after acquiring an additional 4,723 shares during 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 $16.79 on Friday. The firm’s 50 day simple moving average is $17.36 and its 200 day simple moving average is $17.37. Alpine Income Property Trust has a fifty-two week low of $14.32 and a fifty-two week high of $19.42. The company has a market capitalization of $239.64 million, a price-to-earnings ratio of 76.32, a P/E/G ratio of 1.67 and a beta of 0.80. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.85 and a quick ratio of 3.85.

Alpine Income Property Trust (NYSE:PINE) last issued its earnings results on Thursday, October 17th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.19). The firm had revenue of $13.48 million during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $0.37 EPS. As a group, sell-side analysts forecast 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 was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.12 annualized dividend and a dividend yield of 6.67%. Alpine Income Property Trust’s dividend payout ratio is currently 509.09%.

About Alpine Income Property Trust

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.