Alpine Income Property Trust (NYSE:PINE) Given New $21.00 Price Target at Truist Financial

Alpine Income Property Trust (NYSE:PINE) had its price target lifted by Truist Financial from $18.00 to $21.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a hold rating on the stock.

Other analysts have also issued reports about the company. Stifel Nicolaus boosted their price objective on Alpine Income Property Trust from $19.00 to $20.50 and gave the stock a “buy” rating in a report on Friday, February 6th. Cantor Fitzgerald upgraded Alpine Income Property Trust to a “strong-buy” rating in a report on Wednesday, February 4th. Alliance Global Partners reissued a “buy” rating on shares of Alpine Income Property Trust in a research report on Friday, February 6th. JonesTrading lifted their price objective on shares of Alpine Income Property Trust from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, iA Financial set a $21.00 target price on shares of Alpine Income Property Trust in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.92.

Alpine Income Property Trust Stock Performance

NYSE PINE opened at $20.23 on Wednesday. The company has a market cap of $305.21 million, a P/E ratio of -87.94, a PEG ratio of 1.39 and a beta of 0.59. The company has a fifty day simple moving average of $17.68 and a 200 day simple moving average of $15.98. The company has a current ratio of 4.95, a quick ratio of 4.95 and a debt-to-equity ratio of 1.25. Alpine Income Property Trust has a 12-month low of $13.10 and a 12-month high of $20.80.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.43). The business had revenue of $16.90 million for the quarter, compared to analyst estimates of $15.28 million. Alpine Income Property Trust had a negative net margin of 4.39% and a negative return on equity of 1.00%. Alpine Income Property Trust has set its FY 2026 guidance at 2.090-2.130 EPS. Sell-side analysts predict that Alpine Income Property Trust will post 1.74 earnings per share for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 12th will be issued a $0.30 dividend. This is a boost from Alpine Income Property Trust’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $1.20 annualized dividend and a yield of 5.9%. Alpine Income Property Trust’s payout ratio is -495.65%.

Institutional Investors Weigh In On Alpine Income Property Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Atlantic Union Bankshares Corp purchased a new position in shares of Alpine Income Property Trust in the third quarter valued at $25,000. Triumph Capital Management purchased a new position in Alpine Income Property Trust during the 4th quarter valued at about $33,000. Key Capital Management INC purchased a new position in Alpine Income Property Trust during the 4th quarter valued at about $38,000. Strs Ohio bought a new stake in shares of Alpine Income Property Trust during the first quarter valued at about $42,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Alpine Income Property Trust by 74.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,097 shares of the company’s stock worth $69,000 after buying an additional 1,746 shares in the last quarter. 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.