Alpine Income Property Trust (NYSE:PINE) Price Target Raised to $19.00 at Robert W. Baird

by · The Markets Daily

Alpine Income Property Trust (NYSE:PINE – Free Report) had its price target increased by Robert W. Baird from $18.00 to $19.00 in a report released on Monday, Benzinga reports. They currently have an outperform rating on the stock.

Several other equities analysts have also issued reports on PINE. B. Riley reaffirmed a “buy” rating and issued a $20.00 target price (up from $19.50) on shares of Alpine Income Property Trust in a report on Wednesday, July 24th. Raymond James increased their price objective 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. Truist Financial increased their price objective on Alpine Income Property Trust from $16.00 to $18.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Alliance Global Partners increased their price objective on Alpine Income Property Trust from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Stifel Nicolaus increased their price objective on Alpine Income Property Trust from $18.00 to $19.25 and gave the company a “buy” rating in a report on Friday, July 19th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.25.

Get Our Latest Report on PINE

Alpine Income Property Trust Stock Up 0.3 %

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

Alpine Income Property Trust (NYSE:PINE – Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.21 EPS for the quarter, missing the consensus estimate 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 company earned $0.37 earnings per share. On average, research analysts expect that Alpine Income Property Trust will post 1.71 earnings per share for the current fiscal year.

Alpine Income Property Trust Increases Dividend

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

Institutional Trading of Alpine Income Property Trust

Large investors have recently bought and sold shares of the company. Rhumbline Advisers raised its holdings in Alpine Income Property Trust by 8.0% in 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 last quarter. Tidal Investments LLC raised its stake in Alpine Income Property Trust by 5.8% during the 1st quarter. Tidal Investments LLC now owns 19,466 shares of the company’s stock valued at $297,000 after buying an additional 1,064 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Alpine Income Property Trust during the 2nd quarter valued at $352,000. Renaissance Technologies LLC purchased a new stake in Alpine Income Property Trust during the 2nd quarter valued at $647,000. Finally, Guardian Wealth Management Inc. raised its stake 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 during the last quarter. 60.50% of the stock is owned by institutional investors.

Alpine Income Property Trust Company Profile

(Get Free Report)

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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