Alpine Income Property Trust, Inc. (NYSE:PINE) Short Interest Update
by Sarita Garza · The Markets DailyAlpine Income Property Trust, Inc. (NYSE:PINE – Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 309,095 shares, a growth of 18.0% from the February 26th total of 261,956 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily volume of 242,030 shares, the days-to-cover ratio is currently 1.3 days.
Analysts Set New Price Targets
A number of research firms have recently weighed in on PINE. Cantor Fitzgerald raised Alpine Income Property Trust to a “strong-buy” rating in a report on Wednesday, February 4th. B. Riley Financial reiterated a “buy” rating on shares of Alpine Income Property Trust in a research report on Thursday, February 5th. Wall Street Zen raised shares of Alpine Income Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. JonesTrading upped their target price on shares of Alpine Income Property Trust from $19.00 to $22.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Stifel Nicolaus raised their price target 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. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $20.21.
Check Out Our Latest Stock Report on Alpine Income Property Trust
Alpine Income Property Trust Trading Up 0.1%
Alpine Income Property Trust stock traded up $0.02 during trading on Wednesday, hitting $18.02. The company’s stock had a trading volume of 22,163 shares, compared to its average volume of 189,394. The stock’s fifty day moving average is $18.98 and its 200 day moving average is $16.85. Alpine Income Property Trust has a 1-year low of $13.10 and a 1-year high of $20.80. The stock has a market capitalization of $271.85 million, a price-to-earnings ratio of -78.32, a P/E/G ratio of 1.23 and a beta of 0.54. The company has a debt-to-equity ratio of 1.25, a quick ratio of 4.95 and a current ratio of 4.95.
Alpine Income Property Trust (NYSE:PINE – Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.43). Alpine Income Property Trust had a negative return on equity of 1.00% and a negative net margin of 4.39%.The business had revenue of $16.90 million during the quarter, compared to analyst estimates 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 predict that Alpine Income Property Trust will post 1.74 EPS for the current year.
Alpine Income Property Trust Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 12th were issued a $0.30 dividend. The ex-dividend date was Thursday, March 12th. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 6.7%. Alpine Income Property Trust’s payout ratio is presently -521.74%.
Hedge Funds Weigh In On Alpine Income Property Trust
Large investors have recently bought and sold shares of the stock. Atlantic Union Bankshares Corp purchased a new stake in shares of Alpine Income Property Trust during the 3rd quarter valued at $25,000. Triumph Capital Management purchased a new position in shares of Alpine Income Property Trust in the 4th quarter worth $33,000. Key Capital Management INC purchased a new position in shares of Alpine Income Property Trust in the 4th quarter worth $38,000. Strs Ohio acquired a new position in Alpine Income Property Trust in the first quarter valued at $42,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Alpine Income Property Trust by 74.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,097 shares of the company’s stock valued at $69,000 after acquiring an additional 1,746 shares during the last quarter. Hedge funds and other institutional investors own 60.50% of the company’s stock.
About Alpine Income Property Trust
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.