Alpine Income Property Trust (NYSE:PINE) PT Raised to $18.00 at Truist Financial

Alpine Income Property Trust (NYSE:PINE) had its price objective increased by Truist Financial from $16.00 to $18.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a hold rating on the stock.

PINE has been the topic of a number of other reports. Stifel Nicolaus lifted their price objective on shares of Alpine Income Property Trust from $18.00 to $19.25 and gave the company a buy rating in a research note on Friday, July 19th. B. Riley reissued a buy rating and issued a $20.00 price objective (up from $19.50) on shares of Alpine Income Property Trust in a research note on Wednesday, July 24th. Jonestrading decreased their price objective on shares of Alpine Income Property Trust from $19.00 to $18.00 and set a buy rating on the stock in a research note on Friday, April 19th. BTIG Research decreased their price objective on shares of Alpine Income Property Trust from $23.00 to $19.00 and set a buy rating on the stock in a research note on Monday, April 22nd. Finally, Alliance Global Partners assumed coverage on shares of Alpine Income Property Trust in a research report on Thursday, April 11th. They issued a buy rating and a $19.00 target price on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $18.88.

Alpine Income Property Trust Stock Performance

Shares of PINE opened at $17.29 on Tuesday. Alpine Income Property Trust has a 52 week low of $14.25 and a 52 week high of $17.72. The firm’s 50-day simple moving average is $15.85 and its 200 day simple moving average is $15.60. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.00.

Alpine Income Property Trust (NYSE:PINE) last announced its earnings results on Thursday, July 18th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.38). Alpine Income Property Trust had a negative return on equity of 0.20% and a negative net margin of 1.16%. The business had revenue of $12.49 million for the quarter, compared to the consensus estimate of $12.10 million. During the same period in the prior year, the business posted $0.37 earnings per share. Sell-side analysts forecast that Alpine Income Property Trust will post 1.63 EPS for the current fiscal year.

Alpine Income Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were given a $0.275 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.10 dividend on an annualized basis and a yield of 6.36%. Alpine Income Property Trust’s dividend payout ratio is currently -2,750.00%.

Insider Transactions at Alpine Income Property Trust

In other Alpine Income Property Trust news, major shareholder Cto Realty Growth, Inc. purchased 7,959 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were bought at an average price of $14.97 per share, for a total transaction of $119,146.23. Following the completion of the acquisition, the insider now owns 190,094 shares in the company, valued at $2,845,707.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have acquired 21,804 shares of company stock worth $326,747. Company insiders own 0.74% of the company’s stock.

Hedge Funds Weigh In On Alpine Income Property Trust

A number of hedge funds have recently bought and sold shares of PINE. SG Americas Securities LLC bought a new position in Alpine Income Property Trust during the fourth quarter worth $117,000. State of New Jersey Common Pension Fund D raised its stake in Alpine Income Property Trust by 4.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 223,000 shares of the company’s stock worth $3,771,000 after buying an additional 10,000 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Alpine Income Property Trust by 312.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,910 shares of the company’s stock worth $49,000 after buying an additional 2,205 shares during the last quarter. Guardian Wealth Management Inc. raised its stake in Alpine Income Property Trust by 3.0% during the fourth quarter. Guardian Wealth Management Inc. now owns 38,927 shares of the company’s stock worth $658,000 after buying an additional 1,138 shares during the last quarter. Finally, Sound Income Strategies LLC raised its stake in Alpine Income Property Trust by 13.9% during the first quarter. Sound Income Strategies LLC now owns 654,044 shares of the company’s stock worth $9,994,000 after buying an additional 79,969 shares during the last quarter. Institutional investors own 60.50% of the company’s stock.

Alpine Income Property Trust Company Profile

Alpine Income Property Trust, Inc (NYSE: PINE) is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased properties that are predominately leased to high-quality publicly traded and credit-rated tenants.