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

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $18.50.

A number of equities research analysts recently commented on the stock. Industrial Alliance Securities set a $19.00 price objective on shares of Alpine Income Property Trust in a research report on Friday, April 25th. Alliance Global Partners restated a “buy” rating on shares of Alpine Income Property Trust in a research report on Friday, July 25th. UBS Group reduced their price objective on shares of Alpine Income Property Trust from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, July 16th. Stifel Nicolaus set a $17.50 price objective on shares of Alpine Income Property Trust and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, Jones Trading reduced their price objective on shares of Alpine Income Property Trust from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, July 25th.

Alpine Income Property Trust Stock Performance

NYSE PINE opened at $14.33 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.40. Alpine Income Property Trust has a 52-week low of $13.95 and a 52-week high of $19.42. The business’s 50-day moving average price is $14.78 and its 200 day moving average price is $15.63. The firm has a market cap of $202.91 million, a P/E ratio of -286.60, a P/E/G ratio of 1.36 and a beta of 0.63.

Alpine Income Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 12th were given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date was Thursday, June 12th. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently -2,280.00%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Deutsche Bank AG raised its holdings in Alpine Income Property Trust by 1.6% in the 1st quarter. Deutsche Bank AG now owns 44,161 shares of the company’s stock valued at $738,000 after acquiring an additional 703 shares during the last quarter. Rhumbline Advisers raised its holdings in Alpine Income Property Trust by 3.7% in the 1st quarter. Rhumbline Advisers now owns 20,652 shares of the company’s stock valued at $345,000 after acquiring an additional 736 shares during the last quarter. Resona Asset Management Co. Ltd. raised its holdings in Alpine Income Property Trust by 16.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 5,380 shares of the company’s stock valued at $89,000 after acquiring an additional 765 shares during the last quarter. Jump Financial LLC raised its holdings in Alpine Income Property Trust by 22.6% in the 4th quarter. Jump Financial LLC now owns 12,752 shares of the company’s stock valued at $214,000 after acquiring an additional 2,348 shares during the last quarter. Finally, Strs Ohio acquired a new position in Alpine Income Property Trust in the 1st quarter valued at $42,000. 60.50% of the stock is currently owned by institutional investors and hedge funds.

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.