Shares of Alpine Income Property Trust, Inc. (NYSE:PINE – Get Free Report) have received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $18.97.
Several research firms recently commented on PINE. UBS Group dropped their price objective on shares of Alpine Income Property Trust from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Stifel Nicolaus dropped their target price on shares of Alpine Income Property Trust from $19.25 to $18.75 and set a “buy” rating on the stock in a research note on Friday, April 25th. Industrial Alliance Securities set a $19.00 price objective on shares of Alpine Income Property Trust in a report on Friday, April 25th. Alliance Global Partners reissued a “buy” rating on shares of Alpine Income Property Trust in a report on Friday, April 25th. Finally, Jones Trading reduced their target price on shares of Alpine Income Property Trust from $22.00 to $20.00 and set a “buy” rating for the company in a report on Friday, April 25th.
Read Our Latest Research Report on PINE
Hedge Funds Weigh In On Alpine Income Property Trust
Alpine Income Property Trust Trading Up 0.4%
Shares of PINE opened at $14.87 on Tuesday. Alpine Income Property Trust has a 1-year low of $14.51 and a 1-year high of $19.42. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09. The firm’s 50-day moving average price is $15.43 and its 200-day moving average price is $16.21. The firm has a market capitalization of $212.15 million, a price-to-earnings ratio of 106.21, a PEG ratio of 1.58 and a beta of 0.61.
Alpine Income Property Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 12th will be paid a $0.285 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.67%. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently 1,425.00%.
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.
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