Alpine Income Property Trust (NYSE:PINE) Price Target Cut to $20.00 by Analysts at Stifel Nicolaus

Alpine Income Property Trust (NYSE:PINE – Get Free Report) had its price target lowered by equities researchers at Stifel Nicolaus from $21.25 to $20.00 in a report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus‘s price target would indicate a potential upside of 14.71% from the stock’s current price.

A number of other brokerages also recently issued reports on PINE. Truist Financial dropped their price target on Alpine Income Property Trust from $20.00 to $19.00 and set a “hold” rating for the company in a research report on Thursday, October 15th. JonesTrading lifted their target price on shares of Alpine Income Property Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Zacks Research raised shares of Alpine Income Property Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday. Weiss Ratings cut shares of Alpine Income Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, September 21st. Finally, Huntington initiated coverage on shares of Alpine Income Property Trust in a report on Wednesday, July 15th. They set an “outperform” rating and a $23.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $21.12.

Check Out Our Latest Stock Report on PINE

Alpine Income Property Trust Trading Up 1.8%

Alpine Income Property Trust stock opened at $17.43 on Friday. The stock has a market cap of $312.61 million, a P/E ratio of 91.77, a PEG ratio of 1.13 and a beta of 0.56. Alpine Income Property Trust has a fifty-two week low of $13.63 and a fifty-two week high of $21.99. The firm’s fifty day moving average price is $18.39 and its 200-day moving average price is $19.29. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.85 and a current ratio of 1.85.

Alpine Income Property Trust (NYSE:PINE – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $20.46 million during the quarter, compared to analyst estimates of $20.19 million. Alpine Income Property Trust had a return on equity of 2.11% and a net margin of 9.36%. Equities research analysts forecast that Alpine Income Property Trust will post 2.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Alpine Income Property Trust

In related news, Director Andrew Richardson sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $20.28, for a total value of $40,560.00. Following the completion of the sale, the director owned 8,425 shares in the company, valued at $170,859. The trade was a 19.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Guardian Wealth Management Inc. raised its stake in shares of Alpine Income Property Trust by 7.5% during the second quarter. Guardian Wealth Management Inc. now owns 79,412 shares of the company’s stock worth $1,649,000 after acquiring an additional 5,546 shares in the last quarter. Triumph Capital Management boosted its stake in shares of Alpine Income Property Trust by 11.0% in the 2nd quarter. Triumph Capital Management now owns 23,864 shares of the company’s stock valued at $495,000 after purchasing an additional 2,358 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Alpine Income Property Trust by 28.5% in the 2nd quarter. Hsbc Holdings PLC now owns 60,957 shares of the company’s stock valued at $1,267,000 after purchasing an additional 13,519 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Alpine Income Property Trust during the 2nd quarter valued at $573,000. Finally, Odyssean LLC bought a new position in shares of Alpine Income Property Trust during the 2nd quarter valued at $467,000. 60.50% of the stock is currently owned by institutional investors.

About Alpine Income Property Trust

(Get Free Report)

Alpine Income Property Trust, Inc is a real estate investment trust (REIT) that owns and manages a portfolio of income-producing commercial properties in the United States. The company primarily invests in single-tenant net lease properties, under which tenants generally assume responsibility for property expenses such as taxes, insurance and maintenance.

Its portfolio has included retail, office and industrial properties leased to tenants across a range of industries. Alpine seeks to generate rental income through long-term leases and may pursue acquisitions, dispositions and other real estate investments intended to support the growth and diversification of its property portfolio.

Alpine Income Property Trust was formed by CTO Realty Growth, Inc and became a publicly traded company in 2019 following its separation from CTO Realty Growth.

Recommended Stories

Analyst Recommendations for Alpine Income Property Trust (NYSE:PINE)

Receive News & Ratings for Alpine Income Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alpine Income Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.