Shares of Alpine Income Property Trust, Inc. (NYSE:PINE – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $19.25.
A number of analysts recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Alpine Income Property Trust from $19.75 to $20.25 and gave the stock a “buy” rating in a report on Monday, October 21st. B. Riley reaffirmed a “buy” rating and set a $20.00 target price (up from $19.50) on shares of Alpine Income Property Trust in a research note on Wednesday, July 24th. Truist Financial raised their price objective on 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. Raymond James upped their price target on Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Finally, UBS Group initiated coverage on shares of Alpine Income Property Trust in a research note on Monday, October 14th. They issued a “neutral” rating and a $19.00 price objective for the company.
View Our Latest Stock Report on Alpine Income Property Trust
Institutional Trading of Alpine Income Property Trust
Alpine Income Property Trust Price Performance
Shares of NYSE PINE opened at $17.71 on Friday. The company has a market cap of $252.77 million, a PE ratio of 80.50, a P/E/G ratio of 1.75 and a beta of 0.80. Alpine Income Property Trust has a fifty-two week low of $14.32 and a fifty-two week high of $19.42. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.85 and a current ratio of 3.85. The business has a 50-day simple moving average of $18.01 and a two-hundred day simple moving average of $16.86.
Alpine Income Property Trust (NYSE:PINE – Get Free Report) last issued its earnings results on Thursday, October 17th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.19). The business had revenue of $13.48 million for the quarter, compared to analysts’ expectations of $12.08 million. Alpine Income Property Trust had a return on equity of 1.23% and a net margin of 6.72%. During the same period last year, the business earned $0.37 EPS. As a group, equities analysts expect that Alpine Income Property Trust will post 1.7 EPS for the current fiscal year.
Alpine Income Property Trust Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 12th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.32%. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, September 12th. Alpine Income Property Trust’s dividend payout ratio (DPR) is 509.09%.
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.
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