Alpine Income Property Trust (PINE) – Investment Analysts’ Recent Ratings Changes

Alpine Income Property Trust (NYSE: PINE) recently received a number of ratings updates from brokerages and research firms:

• 10/21/2024 – Alpine Income Property Trust had its price target raised by analysts at Robert W. Baird from $18.00 to $19.00. They now have an “outperform” rating on the stock.
• 10/21/2024 – Alpine Income Property Trust had its price target raised by analysts at Stifel Nicolaus from $19.75 to $20.25. They now have a “buy” rating on the stock.
• 10/18/2024 – Alpine Income Property Trust had its price target raised by analysts at Alliance Global Partners from $20.00 to $21.00. They now have a “buy” rating on the stock.
• 10/14/2024 – Alpine Income Property Trust is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $19.00 price target on the stock.

Alpine Income Property Trust Trading Up 0.5 %

Shares of Alpine Income Property Trust stock traded up $0.09 during midday trading on Wednesday, reaching $18.26. The company had a trading volume of 13,239 shares, compared to its average volume of 57,870. The stock has a fifty day moving average price of $18.09 and a 200 day moving average price of $16.55. Alpine Income Property Trust, Inc. has a fifty-two week low of $14.25 and a fifty-two week high of $19.42. The firm has a market cap of $248.88 million, a PE ratio of 83.00, a P/E/G ratio of 1.87 and a beta of 0.80. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.88 and a quick ratio of 0.88.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings results on Thursday, October 17th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.19). Alpine Income Property Trust had a return on equity of 1.23% and a net margin of 6.72%. The firm had revenue of $13.48 million during the quarter, compared to analyst estimates of $12.08 million. During the same quarter last year, the firm posted $0.37 EPS. On average, equities analysts anticipate that Alpine Income Property Trust, Inc. will post 1.7 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 12th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.12 dividend on an annualized basis and a yield of 6.13%. This is a boost from Alpine Income Property Trust’s previous quarterly dividend of $0.28. Alpine Income Property Trust’s dividend payout ratio is 509.11%.

Institutional Investors Weigh In On Alpine Income Property Trust

Large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its stake in Alpine Income Property Trust by 8.0% during the second quarter. Rhumbline Advisers now owns 17,197 shares of the company’s stock worth $268,000 after acquiring an additional 1,272 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Alpine Income Property Trust by 5.8% during the 1st quarter. Tidal Investments LLC now owns 19,466 shares of the company’s stock worth $297,000 after purchasing an additional 1,064 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Alpine Income Property Trust in the 2nd quarter valued at about $352,000. Renaissance Technologies LLC acquired a new stake in shares of Alpine Income Property Trust in the 2nd quarter valued at about $647,000. Finally, Guardian Wealth Management Inc. increased its position in 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 buying an additional 1,882 shares in the last quarter. Institutional investors and hedge funds own 60.50% of the company’s stock.

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.