Alpine Income Property Trust (NYSE:PINE) Upgraded to “Strong-Buy” at Raymond James Financial

Raymond James Financial upgraded shares of Alpine Income Property Trust (NYSE:PINE) from an outperform rating to a strong-buy rating in a research note released on Tuesday morning, Marketbeat Ratings reports. Raymond James Financial currently has $22.00 price objective on the stock.

A number of other analysts have also recently weighed in on the stock. Cantor Fitzgerald upgraded shares of Alpine Income Property Trust to a “strong-buy” rating in a report on Wednesday, February 4th. Stifel Nicolaus boosted their price objective on shares of Alpine Income Property Trust from $19.00 to $20.50 and gave the stock a “buy” rating in a research note on Friday, February 6th. Weiss Ratings raised shares of Alpine Income Property Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, January 27th. Alliance Global Partners restated a “buy” rating on shares of Alpine Income Property Trust in a research note on Friday, February 6th. Finally, Zacks Research raised shares of Alpine Income Property Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $20.21.

Alpine Income Property Trust Trading Up 2.5%

PINE opened at $19.28 on Tuesday. The company has a current ratio of 4.95, a quick ratio of 4.95 and a debt-to-equity ratio of 1.25. The firm has a market cap of $290.98 million, a price-to-earnings ratio of -83.84, a PEG ratio of 1.29 and a beta of 0.54. Alpine Income Property Trust has a 12 month low of $13.10 and a 12 month high of $20.80. The stock has a fifty day moving average price of $18.75 and a 200-day moving average price of $16.63.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.43). Alpine Income Property Trust had a negative net margin of 4.39% and a negative return on equity of 1.00%. The company had revenue of $16.90 million for the quarter, compared to the consensus estimate of $15.28 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.090-2.130 EPS. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.2%. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, March 12th. Alpine Income Property Trust’s payout ratio is currently -521.74%.

Hedge Funds Weigh In On Alpine Income Property Trust

Several institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. raised its stake in Alpine Income Property Trust by 1,344.2% during the 4th quarter. Invesco Ltd. now owns 441,935 shares of the company’s stock valued at $7,389,000 after acquiring an additional 411,334 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Alpine Income Property Trust by 21.3% in the 4th quarter. AQR Capital Management LLC now owns 30,109 shares of the company’s stock valued at $503,000 after purchasing an additional 5,283 shares during the last quarter. Jump Financial LLC purchased a new position in shares of Alpine Income Property Trust in the 4th quarter valued at approximately $241,000. Osaic Holdings Inc. increased its holdings in shares of Alpine Income Property Trust by 3,481.5% in the fourth quarter. Osaic Holdings Inc. now owns 13,001 shares of the company’s stock valued at $217,000 after purchasing an additional 12,638 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Alpine Income Property Trust by 44.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 14,801 shares of the company’s stock valued at $247,000 after purchasing an additional 4,574 shares during the period. Institutional investors and hedge funds own 60.50% of the company’s stock.

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.