Alpine Income Property Trust, Inc. (NYSE:PINE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $17.8750.

A number of analysts have commented on PINE shares. Alliance Global Partners reaffirmed a “neutral” rating on shares of Alpine Income Property Trust in a report on Monday, November 17th. Stifel Nicolaus upped their price objective on Alpine Income Property Trust from $17.50 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Industrial Alliance Securities set a $18.50 target price on Alpine Income Property Trust in a report on Monday, November 17th. Jones Trading reissued a “buy” rating and set a $19.00 price target on shares of Alpine Income Property Trust in a report on Monday, October 27th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Alpine Income Property Trust in a research report on Monday, December 29th.

Hedge Funds Weigh In On Alpine Income Property Trust

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of Alpine Income Property Trust by 5.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,396 shares of the company’s stock valued at $204,000 after acquiring an additional 788 shares during the last quarter. Alliancebernstein L.P. lifted its position in Alpine Income Property Trust by 7.3% during 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 during the last quarter. Jeppson Wealth Management LLC grew its stake in shares of Alpine Income Property Trust by 8.7% in the 4th quarter. Jeppson Wealth Management LLC now owns 15,341 shares of the company’s stock worth $257,000 after buying an additional 1,224 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Alpine Income Property Trust by 5.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 32,145 shares of the company’s stock worth $455,000 after buying an additional 1,689 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Alpine Income Property Trust in the 3rd quarter worth about $25,000. Hedge funds and other institutional investors own 60.50% of the company’s stock.

Alpine Income Property Trust Price Performance

NYSE PINE opened at $17.87 on Wednesday. The company has a 50-day moving average price of $17.07 and a 200-day moving average price of $15.46. Alpine Income Property Trust has a 52 week low of $13.10 and a 52 week high of $18.32. 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 firm has a market capitalization of $253.13 million, a P/E ratio of -51.06, a PEG ratio of 1.48 and a beta of 0.58.

Alpine Income Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, December 11th were issued a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend was Thursday, December 11th. Alpine Income Property Trust’s dividend payout ratio is currently -325.71%.

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.