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

Alpine Income Property Trust, Inc. (NYSE:PINE) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $18.97.

Several analysts recently issued reports on PINE shares. UBS Group dropped their price objective on shares of Alpine Income Property Trust from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Jones Trading dropped their price objective on shares of Alpine Income Property Trust from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Alliance Global Partners reaffirmed a “buy” rating on shares of Alpine Income Property Trust in a research note on Friday, April 25th. Stifel Nicolaus dropped their price objective on shares of Alpine Income Property Trust from $19.25 to $18.75 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, Industrial Alliance Securities set a $19.00 price target on shares of Alpine Income Property Trust in a research note on Friday, April 25th.

Alpine Income Property Trust Stock Down 0.3%

Shares of NYSE PINE opened at $14.82 on Friday. Alpine Income Property Trust has a 12-month low of $14.51 and a 12-month high of $19.42. The stock has a market cap of $211.45 million, a PE ratio of 105.86, a P/E/G ratio of 1.58 and a beta of 0.60. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average of $15.81 and a 200 day moving average of $16.55.

Insider Activity

In other news, Director Andrew C. Richardson sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $16.64, for a total value of $33,280.00. Following the transaction, the director now directly owns 17,143 shares in the company, valued at approximately $285,259.52. This represents a 10.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On Alpine Income Property Trust

Large investors have recently made changes to their positions in the stock. Ameriflex Group Inc. acquired a new stake in Alpine Income Property Trust during the 4th quarter worth approximately $43,000. BNP Paribas Financial Markets acquired a new stake in Alpine Income Property Trust during the 4th quarter worth approximately $44,000. GAMMA Investing LLC lifted its holdings in Alpine Income Property Trust by 9,844.7% during the 1st quarter. GAMMA Investing LLC now owns 3,779 shares of the company’s stock worth $63,000 after buying an additional 3,741 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Alpine Income Property Trust by 25.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the company’s stock worth $72,000 after buying an additional 867 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new stake in Alpine Income Property Trust during the 4th quarter worth approximately $75,000. 60.50% of the stock is currently owned by institutional investors and hedge funds.

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.