Stifel Nicolaus Trims Alpine Income Property Trust (NYSE:PINE) Target Price to $18.75

Alpine Income Property Trust (NYSE:PINE) had its price objective trimmed by Stifel Nicolaus from $19.00 to $18.75 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently commented on PINE. Jonestrading reduced their target price on Alpine Income Property Trust from $20.00 to $19.00 and set a buy rating on the stock in a report on Monday, February 12th. Alliance Global Partners initiated coverage on Alpine Income Property Trust in a report on Thursday, April 11th. They issued a buy rating and a $19.00 target price on the stock. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alpine Income Property Trust currently has an average rating of Buy and a consensus target price of $18.35.

Alpine Income Property Trust Stock Performance

Shares of PINE stock opened at $15.29 on Friday. The business’s 50 day simple moving average is $15.43 and its 200 day simple moving average is $15.92. Alpine Income Property Trust has a one year low of $14.25 and a one year high of $17.72. The stock has a market capitalization of $208.25 million, a PE ratio of -382.25, a PEG ratio of 1.59 and a beta of 0.80. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.31.

Alpine Income Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.19%. The ex-dividend date of this dividend was Wednesday, March 13th. Alpine Income Property Trust’s dividend payout ratio is currently -2,750.00%.

Hedge Funds Weigh In On Alpine Income Property Trust

A number of large investors have recently modified their holdings of PINE. Bank of New York Mellon Corp lifted its holdings in shares of Alpine Income Property Trust by 6.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 111,337 shares of the company’s stock worth $1,821,000 after purchasing an additional 6,756 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Alpine Income Property Trust in the 3rd quarter valued at $70,000. Deroy & Devereaux Private Investment Counsel Inc. raised its position in Alpine Income Property Trust by 0.7% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 210,880 shares of the company’s stock valued at $3,450,000 after buying an additional 1,485 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Alpine Income Property Trust by 52.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,113 shares of the company’s stock valued at $84,000 after buying an additional 1,750 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in 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 buying an additional 2,207 shares during the last quarter. 60.50% of the stock is currently owned by institutional investors.

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.