Alpine Income Property Trust (NYSE:PINE) Upgraded at Zacks Research

Zacks Research upgraded shares of Alpine Income Property Trust (NYSE:PINE) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

PINE has been the topic of several other reports. Alliance Global Partners reiterated a “buy” rating on shares of Alpine Income Property Trust in a report on Friday, July 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Alpine Income Property Trust in a research note on Wednesday, October 8th. UBS Group lowered their price target on shares of Alpine Income Property Trust from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, July 16th. Jones Trading restated a “buy” rating and set a $19.00 price objective on shares of Alpine Income Property Trust in a report on Monday, October 27th. Finally, Stifel Nicolaus decreased their target price on Alpine Income Property Trust from $18.50 to $17.50 and set a “buy” rating on the stock in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Alpine Income Property Trust currently has an average rating of “Moderate Buy” and an average target price of $17.63.

Alpine Income Property Trust Trading Up 0.4%

Alpine Income Property Trust stock opened at $15.03 on Tuesday. The stock has a 50-day simple moving average of $14.36 and a 200 day simple moving average of $14.73. The stock has a market capitalization of $212.82 million, a P/E ratio of -42.94, a PEG ratio of 1.36 and a beta of 0.64. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.74 and a current ratio of 0.74. Alpine Income Property Trust has a 52 week low of $13.10 and a 52 week high of $18.24.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings data on Thursday, October 23rd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.52). The business had revenue of $14.56 million during the quarter, compared to analyst estimates of $14.67 million. Alpine Income Property Trust had a negative net margin of 8.86% and a negative return on equity of 1.96%. Alpine Income Property Trust has set its FY 2025 guidance at 1.820-1.850 EPS. Analysts expect that Alpine Income Property Trust will post 1.74 earnings per share for the current year.

Alpine Income Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 11th were paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date was Thursday, September 11th. Alpine Income Property Trust’s dividend payout ratio (DPR) is -325.71%.

Institutional Trading of Alpine Income Property Trust

Large investors have recently modified their holdings of the stock. Atlantic Union Bankshares Corp bought a new position in shares of Alpine Income Property Trust in the third quarter worth $25,000. Strs Ohio acquired a new stake in Alpine Income Property Trust during the first quarter worth about $42,000. Resona Asset Management Co. Ltd. increased 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 buying an additional 765 shares during the period. Jeppson Wealth Management LLC bought a new position in Alpine Income Property Trust in the 2nd quarter valued at about $152,000. Finally, State of Wyoming acquired a new position in shares of Alpine Income Property Trust in the 1st quarter valued at approximately $226,000. 60.50% of the stock is 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.