Alpine Income Property Trust, Inc. (NYSE:PINE – Get Free Report) has been given a consensus rating of “Moderate Buy” by the nine analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $19.25.
Several brokerages have recently weighed in on PINE. UBS Group initiated coverage on shares of Alpine Income Property Trust in a research report on Monday, October 14th. They set a “neutral” rating and a $19.00 target price on the stock. Alliance Global Partners upped their price objective on Alpine Income Property Trust from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Robert W. Baird increased their target price on Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, Stifel Nicolaus boosted their price target on Alpine Income Property Trust from $19.75 to $20.25 and gave the company a “buy” rating in a research note on Monday, October 21st.
View Our Latest Research Report on Alpine Income Property Trust
Insider Transactions at Alpine Income Property Trust
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of PINE. Bank of New York Mellon Corp grew its position in shares of Alpine Income Property Trust by 5.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 94,923 shares of the company’s stock worth $1,477,000 after buying an additional 4,723 shares during the period. Rhumbline Advisers grew its holdings in Alpine Income Property Trust by 8.0% during the 2nd quarter. Rhumbline Advisers now owns 17,197 shares of the company’s stock worth $268,000 after acquiring an additional 1,272 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Alpine Income Property Trust during the 2nd quarter valued at $352,000. ClariVest Asset Management LLC lifted its stake in shares of Alpine Income Property Trust by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 54,299 shares of the company’s stock valued at $845,000 after purchasing an additional 1,516 shares during the period. Finally, Guardian Wealth Management Inc. lifted its stake in shares of Alpine Income Property Trust by 4.3% in the 2nd quarter. Guardian Wealth Management Inc. now owns 45,681 shares of the company’s stock valued at $711,000 after purchasing an additional 1,882 shares during the period. Institutional investors and hedge funds own 60.50% of the company’s stock.
Alpine Income Property Trust Trading Up 0.4 %
Alpine Income Property Trust stock opened at $16.79 on Friday. The business has a 50 day moving average price of $17.36 and a two-hundred day moving average price of $17.37. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 1.03. Alpine Income Property Trust has a 12 month low of $14.32 and a 12 month high of $19.42. The stock has a market cap of $239.64 million, a price-to-earnings ratio of 76.32, a price-to-earnings-growth ratio of 1.67 and a beta of 0.80.
Alpine Income Property Trust (NYSE:PINE – Get Free Report) last issued its earnings results on Thursday, October 17th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.19). Alpine Income Property Trust had a net margin of 6.72% and a return on equity of 1.23%. The firm had revenue of $13.48 million during the quarter, compared to analyst estimates of $12.08 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. As a group, equities analysts forecast that Alpine Income Property Trust will post 1.71 EPS for the current year.
Alpine Income Property Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date of this dividend was Thursday, December 12th. Alpine Income Property Trust’s dividend payout ratio is currently 509.09%.
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.
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