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

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $18.97.

A number of equities analysts have weighed in on PINE shares. Industrial Alliance Securities set a $19.00 target price on Alpine Income Property Trust in a research note on Friday, April 25th. UBS Group decreased 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 report on Tuesday, May 13th. Alliance Global Partners reaffirmed a “buy” rating on shares of Alpine Income Property Trust in a research note on Friday, April 25th. Jones Trading cut their price target on shares of Alpine Income Property Trust from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, Stifel Nicolaus decreased their price target on shares of Alpine Income Property Trust from $19.25 to $18.75 and set a “buy” rating on the stock in a report on Friday, April 25th.

Alpine Income Property Trust Trading Down 0.3%

Shares of PINE stock opened at $15.00 on Tuesday. The company has a market capitalization of $214.04 million, a PE ratio of 187.51, a price-to-earnings-growth ratio of 1.43 and a beta of 0.61. Alpine Income Property Trust has a 52-week low of $14.51 and a 52-week high of $19.42. The business’s fifty day moving average is $15.39 and its 200 day moving average is $16.15. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.36 and a current ratio of 1.36.

Alpine Income Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 12th will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 7.60%. The ex-dividend date is Thursday, June 12th. Alpine Income Property Trust’s dividend payout ratio is currently 1,425.00%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Truvestments Capital LLC boosted its stake in shares of Alpine Income Property Trust by 2,385.0% in the 1st quarter. Truvestments Capital LLC now owns 192,363 shares of the company’s stock valued at $3,216,000 after purchasing an additional 184,622 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Alpine Income Property Trust in the fourth quarter worth $2,130,000. Nuveen Asset Management LLC boosted its position in Alpine Income Property Trust by 127.9% during the fourth quarter. Nuveen Asset Management LLC now owns 174,465 shares of the company’s stock valued at $2,929,000 after buying an additional 97,910 shares during the period. AlphaCentric Advisors LLC bought a new position in shares of Alpine Income Property Trust during the fourth quarter valued at about $1,544,000. Finally, Crossingbridge Advisors LLC bought a new position in shares of Alpine Income Property Trust during the fourth quarter valued at about $1,544,000. 60.50% of the stock is owned by hedge funds and other institutional investors.

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.