Alpine Income Property Trust, Inc. (NYSE:PINE) Given Average Recommendation of “Moderate Buy” by Brokerages

by · The Cerbat Gem

Alpine Income Property Trust, Inc. (NYSE:PINE – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $17.8750.

Several equities research analysts recently commented on the stock. Stifel Nicolaus boosted their price target on shares of Alpine Income Property Trust from $17.50 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Alpine Income Property Trust in a research report on Monday, December 8th. Industrial Alliance Securities set a $18.50 price target on shares of Alpine Income Property Trust in a research note on Monday, November 17th. Zacks Research upgraded Alpine Income Property Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, Jones Trading reissued a “buy” rating and set a $19.00 target price on shares of Alpine Income Property Trust in a report on Monday, October 27th.

Read Our Latest Analysis on PINE

Hedge Funds Weigh In On Alpine Income Property Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Cambria Investment Management L.P. boosted its position in Alpine Income Property Trust by 15.6% during the third quarter. Cambria Investment Management L.P. now owns 38,299 shares of the company’s stock worth $543,000 after acquiring an additional 5,175 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Alpine Income Property Trust by 110.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 74,421 shares of the company’s stock worth $1,055,000 after purchasing an additional 39,079 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of Alpine Income Property Trust by 33.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 53,296 shares of the company’s stock worth $755,000 after purchasing an additional 13,448 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Alpine Income Property Trust by 31.4% in the third quarter. Public Employees Retirement System of Ohio now owns 10,227 shares of the company’s stock valued at $145,000 after purchasing an additional 2,442 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Alpine Income Property Trust by 7.3% in the third quarter. Alliancebernstein L.P. now owns 14,790 shares of the company’s stock valued at $210,000 after purchasing an additional 1,000 shares in the last quarter. 60.50% of the stock is owned by hedge funds and other institutional investors.

Alpine Income Property Trust Price Performance

Shares of Alpine Income Property Trust stock opened at $16.99 on Tuesday. The firm has a market cap of $240.64 million, a PE ratio of -48.55, a P/E/G ratio of 1.55 and a beta of 0.56. Alpine Income Property Trust has a twelve month low of $13.10 and a twelve month high of $17.88. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.46. The business has a 50-day moving average price of $15.49 and a 200 day moving average price of $15.00.

Alpine Income Property Trust (NYSE:PINE – Get Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.52). The business had revenue of $14.56 million during the quarter, compared to analyst estimates of $14.67 million. Alpine Income Property Trust had a negative net margin of 8.86% and a negative return on equity of 1.96%. Alpine Income Property Trust has set its FY 2025 guidance at 1.820-1.850 EPS. Sell-side analysts predict that Alpine Income Property Trust will post 1.74 earnings per share for the current fiscal year.

Alpine Income Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th will be issued a $0.285 dividend. The ex-dividend date is Thursday, December 11th. This represents a $1.14 dividend on an annualized basis and a yield of 6.7%. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently -325.71%.

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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