Alpine Income Property Trust (NYSE:PINE) Research Coverage Started at Huntington

Huntington assumed coverage on shares of Alpine Income Property Trust (NYSE:PINE) in a report published on Wednesday, Marketbeat.com reports. The firm issued an outperform rating and a $23.00 price target on the stock.

Several other research analysts also recently issued reports on the company. Weiss Ratings raised Alpine Income Property Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 1st. Raymond James Financial upgraded shares of Alpine Income Property Trust from an “outperform” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a report on Tuesday, March 17th. JonesTrading reiterated a “buy” rating and set a $22.00 target price on shares of Alpine Income Property Trust in a research report on Friday, April 24th. Alliance Global Partners reissued a “buy” rating on shares of Alpine Income Property Trust in a report on Tuesday, April 28th. Finally, Stifel Nicolaus set a $21.50 price target on shares of Alpine Income Property Trust in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Alpine Income Property Trust presently has an average rating of “Moderate Buy” and a consensus price target of $21.31.

Alpine Income Property Trust Trading Up 2.7%

Shares of PINE stock opened at $21.78 on Wednesday. The firm has a market capitalization of $359.81 million, a P/E ratio of -241.97, a P/E/G ratio of 1.42 and a beta of 0.54. Alpine Income Property Trust has a twelve month low of $13.10 and a twelve month high of $21.88. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 1.08. The stock’s fifty day simple moving average is $19.82 and its 200 day simple moving average is $19.07.

Alpine Income Property Trust (NYSE:PINE) last issued its earnings results on Thursday, April 23rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $18.41 million during the quarter, compared to analyst estimates of $17.62 million. Alpine Income Property Trust had a return on equity of 0.25% and a net margin of 1.09%.Alpine Income Property Trust has set its FY 2026 guidance at 2.110-2.150 EPS. As a group, sell-side analysts predict that Alpine Income Property Trust will post 2.14 EPS for the current fiscal year.

Alpine Income Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Thursday, June 11th. Alpine Income Property Trust’s payout ratio is -1,333.33%.

Insider Buying and Selling at Alpine Income Property Trust

In other news, Director Andrew C. Richardson sold 2,832 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $19.96, for a total transaction of $56,526.72. Following the completion of the transaction, the director directly owned 9,544 shares in the company, valued at $190,498.24. This trade represents a 22.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 7,832 shares of company stock valued at $153,097 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Institutional Trading of Alpine Income Property Trust

Institutional investors have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC bought a new position in Alpine Income Property Trust during the 1st quarter worth approximately $847,000. Bank of America Corp DE boosted its stake in shares of Alpine Income Property Trust by 11.6% in the 1st quarter. Bank of America Corp DE now owns 11,750 shares of the company’s stock valued at $212,000 after purchasing an additional 1,222 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Alpine Income Property Trust by 87.1% in the 1st quarter. Renaissance Technologies LLC now owns 121,200 shares of the company’s stock valued at $2,182,000 after purchasing an additional 56,422 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Alpine Income Property Trust by 70.4% during the first quarter. Public Employees Retirement System of Ohio now owns 25,222 shares of the company’s stock worth $454,000 after buying an additional 10,421 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Alpine Income Property Trust during the first quarter worth $206,000. 60.50% of the stock is currently owned by institutional investors.

Alpine Income Property Trust Company Profile

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.