Alpine Income Property Trust (NYSE:PINE) Stock Price Target Lowered at Truist Financial

Alpine Income Property Trust (NYSE:PINE) had its target price lowered by analysts at Truist Financial from $20.00 to $19.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s target price would suggest a potential upside of 6.47% from the company’s previous close.

PINE has been the subject of several other reports. Stifel Nicolaus set a $21.25 price target on Alpine Income Property Trust in a report on Tuesday. Weiss Ratings downgraded Alpine Income Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, September 21st. Robert W. Baird reaffirmed a “neutral” rating and issued a $21.00 price objective (up from $18.00) on shares of Alpine Income Property Trust in a report on Monday, June 29th. JonesTrading upped their price objective on Alpine Income Property Trust from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Alpine Income Property Trust in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Alpine Income Property Trust presently has an average rating of “Moderate Buy” and an average price target of $21.28.

Alpine Income Property Trust Stock Performance

PINE traded up $0.20 on Thursday, reaching $17.84. The company had a trading volume of 12,158 shares, compared to its average volume of 167,409. The stock has a market cap of $320.05 million, a P/E ratio of 93.90, a P/E/G ratio of 1.21 and a beta of 0.56. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.85 and a current ratio of 1.85. Alpine Income Property Trust has a fifty-two week low of $13.63 and a fifty-two week high of $21.99. The company’s fifty day moving average is $18.64 and its 200 day moving average is $19.31.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Alpine Income Property Trust had a net margin of 9.36% and a return on equity of 2.11%. The firm had revenue of $20.00 million during the quarter, compared to the consensus estimate of $18.85 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.120-2.150 EPS. As a group, analysts predict that Alpine Income Property Trust will post 2.17 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Andrew Richardson sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $20.28, for a total transaction of $40,560.00. Following the transaction, the director directly owned 8,425 shares of the company’s stock, valued at approximately $170,859. This trade represents a 19.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Alpine Income Property Trust

Several institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its stake in Alpine Income Property Trust by 13.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,649 shares of the company’s stock valued at $84,000 after purchasing an additional 552 shares in the last quarter. Bank of America Corp DE raised its position in shares of Alpine Income Property Trust by 11.6% in the 1st quarter. Bank of America Corp DE now owns 11,750 shares of the company’s stock valued at $212,000 after buying an additional 1,222 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Alpine Income Property Trust in the 2nd quarter valued at approximately $32,000. Triumph Capital Management lifted its holdings in shares of Alpine Income Property Trust by 11.0% during the 2nd quarter. Triumph Capital Management now owns 23,864 shares of the company’s stock worth $495,000 after acquiring an additional 2,358 shares during the period. Finally, Virtus Advisers LLC bought a new stake in shares of Alpine Income Property Trust during the 2nd quarter worth approximately $80,000. 60.50% of the stock is currently owned by institutional investors.

Alpine Income Property Trust Company Profile

Alpine Income Property Trust, Inc is a real estate investment trust (REIT) that owns and manages a portfolio of income-producing commercial properties. The company primarily focuses on single-tenant, net-leased retail properties, where tenants generally are responsible for property taxes, insurance and maintenance under the terms of their leases.

Alpine’s properties are occupied by tenants across a range of industries, including retail, grocery, home improvement, automotive services and other consumer-oriented businesses.