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

Alpine Income Property Trust, Inc. (NYSE:PINE) has received an average rating of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $18.97.

PINE has been the subject of a number of recent research reports. Alliance Global Partners restated a “buy” rating on shares of Alpine Income Property Trust in a research report on Friday, April 25th. Stifel Nicolaus lowered 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 report on Friday, April 25th. Industrial Alliance Securities set a $19.00 price objective on shares of Alpine Income Property Trust in a research report on Friday, April 25th. UBS Group lowered 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 report on Tuesday, May 13th. Finally, Jones Trading lowered 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 report on Friday, April 25th.

Institutional Investors Weigh In On Alpine Income Property Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio bought a new position in Alpine Income Property Trust in the 1st quarter worth approximately $42,000. Ameriflex Group Inc. bought a new stake in Alpine Income Property Trust in the fourth quarter worth $43,000. BNP Paribas Financial Markets bought a new position in shares of Alpine Income Property Trust during the fourth quarter valued at about $44,000. GAMMA Investing LLC lifted its stake in shares of Alpine Income Property Trust by 9,844.7% in the 1st quarter. GAMMA Investing LLC now owns 3,779 shares of the company’s stock valued at $63,000 after acquiring an additional 3,741 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Alpine Income Property Trust by 25.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the company’s stock valued at $72,000 after acquiring an additional 867 shares during the last quarter. Hedge funds and other institutional investors own 60.50% of the company’s stock.

Alpine Income Property Trust Stock Performance

Shares of PINE opened at $14.87 on Tuesday. The company has a market cap of $212.15 million, a PE ratio of 106.21, a price-to-earnings-growth ratio of 1.58 and a beta of 0.61. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a 50-day moving average of $15.43 and a 200-day moving average of $16.21. Alpine Income Property Trust has a one year low of $14.51 and a one year high of $19.42.

Alpine Income Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, June 12th will be issued a $0.285 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.67%. Alpine Income Property Trust’s dividend payout ratio is presently 1,425.00%.

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.