Alpine Income Property Trust, Inc. (NYSE:PINE) Receives $19.25 Average Target Price from Analysts

Alpine Income Property Trust, Inc. (NYSE:PINE) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $19.14.

Separately, Stifel Nicolaus decreased their price objective on shares of Alpine Income Property Trust from $19.50 to $19.25 and set a “buy” rating on the stock in a research report on Thursday.

Alpine Income Property Trust Trading Down 1.2 %

Shares of PINE stock opened at $16.29 on Thursday. The firm has a market cap of $239.26 million, a P/E ratio of 116.32, a PEG ratio of 1.58 and a beta of 0.57. The company has a 50 day moving average of $16.51 and a 200-day moving average of $17.12. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.09. Alpine Income Property Trust has a 12-month low of $14.33 and a 12-month high of $19.42.

Alpine Income Property Trust (NYSE:PINE) last issued its earnings results on Thursday, February 6th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.40. Alpine Income Property Trust had a net margin of 3.96% and a return on equity of 0.76%. Sell-side analysts anticipate that Alpine Income Property Trust will post 1.74 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 7.00%. This is a boost from Alpine Income Property Trust’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, March 13th. Alpine Income Property Trust’s payout ratio is presently 814.29%.

Insiders Place Their Bets

In other news, Director Andrew C. Richardson sold 2,000 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $16.64, for a total value of $33,280.00. Following the completion of the transaction, the director now owns 17,143 shares of the company’s stock, valued at $285,259.52. This represents a 10.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.74% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ameriflex Group Inc. purchased a new position in shares of Alpine Income Property Trust during the fourth quarter valued at approximately $43,000. BNP Paribas Financial Markets bought a new stake in shares of Alpine Income Property Trust in the 4th quarter valued at about $44,000. Public Employees Retirement System of Ohio purchased a new position in Alpine Income Property Trust during the third quarter valued at approximately $64,000. PNC Financial Services Group Inc. lifted its position in shares of Alpine Income Property Trust by 25.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the company’s stock valued at $72,000 after buying an additional 867 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new position in shares of Alpine Income Property Trust in the 4th quarter worth approximately $75,000. 60.50% of the stock is owned by hedge funds and other institutional investors.

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.