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 report released on Tuesday,Zacks.com reports.

Several other research analysts have also recently issued reports on the stock. Alliance Global Partners reaffirmed a “neutral” rating on shares of Alpine Income Property Trust in a report on Monday, November 17th. Industrial Alliance Securities set a $18.50 price target on shares of Alpine Income Property Trust in a research report on Monday, November 17th. Stifel Nicolaus boosted their price objective on shares of Alpine Income Property Trust from $17.50 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Jones Trading reiterated a “buy” rating and set a $19.00 target price on shares of Alpine Income Property Trust in a research note on Monday, October 27th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Alpine Income Property Trust in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Alpine Income Property Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.88.

Alpine Income Property Trust Trading Up 0.4%

Alpine Income Property Trust stock opened at $17.87 on Tuesday. Alpine Income Property Trust has a 12 month low of $13.10 and a 12 month high of $18.32. The company has a market capitalization of $253.04 million, a price-to-earnings ratio of -51.06, a price-to-earnings-growth ratio of 1.49 and a beta of 0.58. The business’s fifty day simple moving average is $16.98 and its two-hundred day simple moving average is $15.38. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.46.

Alpine Income Property Trust (NYSE:PINE) last posted its quarterly earnings results on Thursday, October 23rd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.52). Alpine Income Property Trust had a negative return on equity of 1.96% and a negative net margin of 8.86%.The company had revenue of $14.56 million during the quarter, compared to analysts’ expectations of $14.67 million. As a group, equities analysts predict that Alpine Income Property Trust will post 1.74 earnings per share for the current fiscal year.

Alpine Income Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th were paid a dividend of $0.285 per share. The ex-dividend date was Thursday, December 11th. This represents a $1.14 dividend on an annualized basis and a yield of 6.4%. Alpine Income Property Trust’s payout ratio is currently -325.71%.

Institutional Trading of Alpine Income Property Trust

Several large investors have recently modified their holdings of PINE. Sound Income Strategies LLC increased its position in Alpine Income Property Trust by 8.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,216,494 shares of the company’s stock valued at $21,349,000 after acquiring an additional 90,320 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Alpine Income Property Trust by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 772,504 shares of the company’s stock valued at $10,946,000 after purchasing an additional 5,681 shares during the period. Heartland Advisors Inc. increased its position in shares of Alpine Income Property Trust by 25.1% during the 3rd quarter. Heartland Advisors Inc. now owns 692,400 shares of the company’s stock valued at $9,811,000 after purchasing an additional 138,770 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Alpine Income Property Trust by 3.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 332,426 shares of the company’s stock worth $4,890,000 after purchasing an additional 11,712 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Alpine Income Property Trust by 5.8% in the 2nd quarter. Geode Capital Management LLC now owns 327,734 shares of the company’s stock worth $4,822,000 after purchasing an additional 17,947 shares during the period. Institutional investors own 60.50% of the company’s stock.

About Alpine Income Property Trust

Alpine Income Property Trust, Inc is a publicly traded real estate investment trust that specializes in acquiring, owning and managing single-tenant net lease properties. The company focuses on sale-leaseback and build-to-suit transactions with food and beverage companies, targeting facilities that support production, distribution and processing operations. By structuring long-term, triple-net leases, Alpine Income Property Trust seeks to deliver stable, predictable cash flow while allowing tenants to unlock capital from real estate assets and reinvest in their core businesses.

The company’s portfolio is diversified across multiple U.S.