Stifel Nicolaus Raises Alpine Income Property Trust (NYSE:PINE) Price Target to $20.25

Alpine Income Property Trust (NYSE:PINE) had its price objective upped by Stifel Nicolaus from $19.75 to $20.25 in a report issued on Monday, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also issued reports on PINE. Robert W. Baird raised their price target on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Monday. Raymond James boosted their price target on Alpine Income Property Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. UBS Group assumed coverage on Alpine Income Property Trust in a report on Monday, October 14th. They issued a “neutral” rating and a $19.00 price objective for the company. Alliance Global Partners boosted their target price 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. Finally, B. Riley reaffirmed a “buy” rating and issued a $20.00 price target (up previously from $19.50) on shares of Alpine Income Property Trust in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Alpine Income Property Trust has an average rating of “Moderate Buy” and a consensus price target of $19.25.

Alpine Income Property Trust Stock Up 0.3 %

PINE opened at $18.26 on Monday. Alpine Income Property Trust has a 12 month low of $14.25 and a 12 month high of $19.42. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 1.03. The business’s 50-day moving average price is $18.12 and its 200-day moving average price is $16.57. The company has a market cap of $260.57 million, a P/E ratio of 83.00, a P/E/G ratio of 1.78 and a beta of 0.80.

Alpine Income Property Trust (NYSE:PINE) last announced its quarterly 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). The company had revenue of $13.48 million during the quarter, compared to analysts’ expectations of $12.08 million. Alpine Income Property Trust had a return on equity of 1.23% and a net margin of 6.72%. During the same period last year, the firm earned $0.37 earnings per share. On average, equities analysts expect that Alpine Income Property Trust will post 1.71 EPS for the current year.

Alpine Income Property Trust Increases Dividend

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

Institutional Trading of Alpine Income Property Trust

Hedge funds and other institutional investors have recently modified their holdings of 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% in 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 purchased a new stake in shares of Alpine Income Property Trust in the 2nd quarter worth approximately $352,000. Renaissance Technologies LLC purchased a new stake in shares of Alpine Income Property Trust in the 2nd quarter worth approximately $647,000. Finally, Guardian Wealth Management Inc. increased its position in Alpine Income Property Trust by 4.3% during 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. 60.50% of the stock is owned by hedge funds and other institutional investors.

About Alpine Income Property Trust

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.