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

Alpine Income Property Trust, Inc. (NYSE:PINE) has earned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $18.88.

PINE has been the subject of several research analyst reports. BTIG Research lowered their price target on shares of Alpine Income Property Trust from $23.00 to $19.00 and set a “buy” rating for the company in a report on Monday, April 22nd. B. Riley reiterated a “buy” rating and issued a $20.00 target price (up from $19.50) on shares of Alpine Income Property Trust in a research report on Wednesday, July 24th. Jonestrading reduced their price target on Alpine Income Property Trust from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Stifel Nicolaus upped their price objective on Alpine Income Property Trust from $18.00 to $19.25 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Truist Financial lifted their target price on shares of Alpine Income Property Trust from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th.

Alpine Income Property Trust Stock Performance

Alpine Income Property Trust stock opened at $16.97 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.00. The stock has a market cap of $231.30 million, a PE ratio of -424.25, a P/E/G ratio of 1.73 and a beta of 0.79. Alpine Income Property Trust has a 12-month low of $14.25 and a 12-month high of $17.72. The business’s 50-day moving average price is $16.01 and its two-hundred day moving average price is $15.64.

Alpine Income Property Trust (NYSE:PINE) last announced its quarterly earnings results on Thursday, July 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.38). The company had revenue of $12.49 million for the quarter, compared to the consensus estimate of $12.10 million. Alpine Income Property Trust had a negative net margin of 1.16% and a negative return on equity of 0.20%. During the same period last year, the firm posted $0.37 earnings per share. As a group, analysts expect that Alpine Income Property Trust will post 1.64 earnings per share for the current fiscal year.

Alpine Income Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were paid a $0.275 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.10 annualized dividend and a dividend yield of 6.48%. Alpine Income Property Trust’s payout ratio is -2,750.00%.

Insider Buying and Selling

In other news, major shareholder Cto Realty Growth, Inc. purchased 6,262 shares of the stock in a transaction on Friday, July 5th. The stock was purchased at an average price of $15.00 per share, for a total transaction of $93,930.00. Following the acquisition, the insider now owns 196,356 shares in the company, valued at $2,945,340. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have purchased a total of 21,804 shares of company stock valued at $326,747 over the last ninety days. 0.74% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Tidal Investments LLC grew its stake in Alpine Income Property Trust by 5.8% during the first quarter. Tidal Investments LLC now owns 19,466 shares of the company’s stock worth $297,000 after purchasing an additional 1,064 shares during the period. Guardian Wealth Management Inc. grew its position in shares of Alpine Income Property Trust by 3.0% during the 4th quarter. Guardian Wealth Management Inc. now owns 38,927 shares of the company’s stock worth $658,000 after buying an additional 1,138 shares during the period. Rhumbline Advisers increased its stake in shares of Alpine Income Property Trust by 8.0% in the 2nd quarter. Rhumbline Advisers now owns 17,197 shares of the company’s stock valued at $268,000 after acquiring an additional 1,272 shares in the last quarter. ClariVest Asset Management LLC lifted its position in shares of Alpine Income Property Trust by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 54,299 shares of the company’s stock valued at $845,000 after acquiring an additional 1,516 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Alpine Income Property Trust by 312.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,910 shares of the company’s stock worth $49,000 after acquiring an additional 2,205 shares in the last quarter. 60.50% of the stock is owned by 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.