Alpine Income Property Trust, Inc. (NYSE:PINE) Receives Average Recommendation of “Buy” from Analysts

Alpine Income Property Trust, Inc. (NYSE:PINE) has been given an average rating of “Buy” by the five ratings firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $18.35.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PINE. Guardian Wealth Management Inc. increased its holdings in shares of Alpine Income Property Trust by 3.0% in the fourth quarter. Guardian Wealth Management Inc. now owns 38,927 shares of the company’s stock valued at $658,000 after purchasing an additional 1,138 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised 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 acquiring an additional 1,485 shares during the period. Nisa Investment Advisors LLC grew its holdings in Alpine Income Property Trust by 52.0% in the third quarter. Nisa Investment Advisors LLC now owns 5,113 shares of the company’s stock valued at $84,000 after purchasing an additional 1,750 shares during the last quarter. Boston Partners increased its position in shares of Alpine Income Property Trust by 3.2% in the third quarter. Boston Partners now owns 65,855 shares of the company’s stock valued at $1,077,000 after buying an additional 2,037 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Alpine Income Property Trust by 312.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,910 shares of the company’s stock worth $49,000 after buying an additional 2,205 shares during the last quarter. 60.50% of the stock is owned by hedge funds and other institutional investors.

Alpine Income Property Trust Price Performance

NYSE:PINE opened at $14.93 on Monday. The stock has a market capitalization of $203.35 million, a PE ratio of -373.25, a price-to-earnings-growth ratio of 1.60 and a beta of 0.80. Alpine Income Property Trust has a 52 week low of $14.25 and a 52 week high of $17.72. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. The stock’s 50-day moving average price is $15.38 and its 200-day moving average price is $15.87.

Alpine Income Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.37%. The ex-dividend date of this dividend was Wednesday, March 13th. Alpine Income Property Trust’s dividend payout ratio (DPR) is -2,750.00%.

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.