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

Alpine Income Property Trust, Inc. (NYSE:PINE) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $17.8750.

Several research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Alpine Income Property Trust in a report on Monday, December 29th. Jones Trading reissued a “buy” rating and set a $19.00 price target on shares of Alpine Income Property Trust in a research report on Monday, October 27th. Zacks Research raised Alpine Income Property Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. Industrial Alliance Securities set a $18.50 target price on Alpine Income Property Trust in a research note on Monday, November 17th. Finally, Stifel Nicolaus lifted their target price on Alpine Income Property Trust from $17.50 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th.

Alpine Income Property Trust Price Performance

PINE opened at $17.87 on Wednesday. The stock has a 50-day moving average price of $17.07 and a 200-day moving average price of $15.46. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market cap of $253.13 million, a PE ratio of -51.06, a P/E/G ratio of 1.48 and a beta of 0.58. Alpine Income Property Trust has a 1 year low of $13.10 and a 1 year high of $18.32.

Alpine Income Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th were given a $0.285 dividend. The ex-dividend date of this dividend 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 -325.71%.

Institutional Trading of Alpine Income Property Trust

Institutional investors have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp purchased a new position in shares of Alpine Income Property Trust during the third quarter valued at approximately $25,000. Key Capital Management INC bought a new stake in Alpine Income Property Trust in the 4th quarter worth approximately $38,000. Strs Ohio bought a new stake in Alpine Income Property Trust in the 1st quarter worth approximately $42,000. BNP Paribas Financial Markets raised its stake in Alpine Income Property Trust by 197.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,677 shares of the company’s stock valued at $95,000 after buying an additional 4,433 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Alpine Income Property Trust by 36.7% during the 4th quarter. State of Alaska Department of Revenue now owns 8,383 shares of the company’s stock valued at $138,000 after buying an additional 2,249 shares during the period. Hedge funds and other 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.