Alpine Income Property Trust (NYSE:PINE) Now Covered by Huntington

Huntington started coverage on shares of Alpine Income Property Trust (NYSE:PINE) in a research report sent to investors on Wednesday morning, MarketBeat.com reports. The firm issued an outperform rating and a $23.00 price objective on the stock.

Other research analysts also recently issued reports about the company. JonesTrading reissued a “buy” rating and issued a $22.00 price objective on shares of Alpine Income Property Trust in a research note on Friday, April 24th. Alliance Global Partners reaffirmed a “buy” rating on shares of Alpine Income Property Trust in a report on Tuesday, April 28th. Zacks Research cut shares of Alpine Income Property Trust from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Truist Financial decreased their price target on shares of Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Thursday, May 21st. Finally, Stifel Nicolaus set a $21.50 price target on shares of Alpine Income Property Trust in a research report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.31.

Alpine Income Property Trust Trading Down 0.9%

Shares of Alpine Income Property Trust stock opened at $20.42 on Wednesday. The firm has a market capitalization of $337.47 million, a PE ratio of -226.89, a P/E/G ratio of 1.38 and a beta of 0.54. Alpine Income Property Trust has a twelve month low of $13.10 and a twelve month high of $21.32. The firm’s 50-day moving average price is $19.74 and its 200 day moving average price is $19.02. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 1.08.

Alpine Income Property Trust (NYSE:PINE) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). Alpine Income Property Trust had a return on equity of 0.25% and a net margin of 1.09%.The firm had revenue of $18.41 million for the quarter, compared to analysts’ expectations of $17.62 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.110-2.150 EPS. On average, sell-side analysts predict that Alpine Income Property Trust will post 2.14 EPS for the current fiscal year.

Alpine Income Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.20 dividend on an annualized basis and a yield of 5.9%. Alpine Income Property Trust’s payout ratio is -1,333.33%.

Insider Buying and Selling

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 3,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $19.35, for a total value of $58,050.00. Following the transaction, the director directly owned 14,376 shares in the company, valued at $278,175.60. The trade was a 17.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 7,832 shares of company stock worth $153,097 over the last quarter. 0.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Alpine Income Property Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PINE. Invesco Ltd. lifted its holdings in shares of Alpine Income Property Trust by 1,344.2% in the 4th quarter. Invesco Ltd. now owns 441,935 shares of the company’s stock valued at $7,389,000 after purchasing an additional 411,334 shares during the last quarter. AlphaCentric Advisors LLC purchased a new position in Alpine Income Property Trust during the 4th quarter worth approximately $1,884,000. Sound Income Strategies LLC increased its position in Alpine Income Property Trust by 8.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,216,494 shares of the company’s stock worth $21,349,000 after buying an additional 90,320 shares during the period. Raymond James Financial Inc. lifted its stake in Alpine Income Property Trust by 74.0% in the third quarter. Raymond James Financial Inc. now owns 141,315 shares of the company’s stock valued at $2,002,000 after buying an additional 60,115 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Alpine Income Property Trust by 87.1% in the first quarter. Renaissance Technologies LLC now owns 121,200 shares of the company’s stock valued at $2,182,000 after buying an additional 56,422 shares during the last quarter. Hedge funds and other institutional investors own 60.50% of the company’s stock.

Alpine Income Property Trust Company Profile

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.