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

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE) have been assigned a consensus rating of “Buy” from the five analysts that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $18.35.

Several research firms have issued reports on PINE. Stifel Nicolaus cut their price objective on Alpine Income Property Trust from $19.00 to $18.75 and set a “buy” rating for the company in a research report on Friday, April 19th. Jonestrading cut their price target on Alpine Income Property Trust from $19.00 to $18.00 and set a “buy” rating for the company in a report on Friday, April 19th. Alliance Global Partners initiated coverage on shares of Alpine Income Property Trust in a report on Thursday, April 11th. They issued a “buy” rating and a $19.00 price objective on the stock. Finally, BTIG Research cut their target price on shares of Alpine Income Property Trust from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, April 22nd.

Alpine Income Property Trust Trading Down 0.4 %

Shares of NYSE:PINE opened at $14.87 on Monday. Alpine Income Property Trust has a 52-week low of $14.25 and a 52-week high of $17.72. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $202.53 million, a P/E ratio of -371.75, a price-to-earnings-growth ratio of 1.60 and a beta of 0.80. The company has a 50-day simple moving average of $15.34 and a 200 day simple moving average of $15.84.

Alpine Income Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.275 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.10 annualized dividend and a yield of 7.40%. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently -2,750.00%.

Hedge Funds Weigh In On Alpine Income Property Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Sound Income Strategies LLC boosted its stake in shares of Alpine Income Property Trust by 13.9% in the first quarter. Sound Income Strategies LLC now owns 654,044 shares of the company’s stock valued at $9,994,000 after buying an additional 79,969 shares during the period. State of New Jersey Common Pension Fund D lifted its position in shares of Alpine Income Property Trust by 4.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 223,000 shares of the company’s stock valued at $3,771,000 after acquiring an additional 10,000 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of Alpine Income Property Trust by 0.7% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 210,880 shares of the company’s stock worth $3,450,000 after purchasing an additional 1,485 shares in the last quarter. Truvestments Capital LLC increased its position in shares of Alpine Income Property Trust by 2.1% in the third quarter. Truvestments Capital LLC now owns 114,343 shares of the company’s stock worth $1,871,000 after purchasing an additional 2,392 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Alpine Income Property Trust by 6.5% in the third quarter. Bank of New York Mellon Corp now owns 111,337 shares of the company’s stock valued at $1,821,000 after purchasing an additional 6,756 shares in the last quarter. 60.50% of the stock is currently owned by institutional investors and hedge funds.

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.