Investment analysts at Huntington Sec assumed coverage on shares of Alpine Income Property Trust (NYSE:PINE – Get Free Report) in a research note issued on Tuesday, Zacks reports. The firm set a “strong-buy” rating on the stock.
PINE has been the topic of a number of other research reports. Alliance Global Partners reissued a “buy” rating on shares of Alpine Income Property Trust in a report on Friday, July 24th. Truist Financial cut their price target on shares of Alpine Income Property Trust from $20.00 to $19.00 and set a “hold” rating on the stock in a research note on Thursday, October 15th. JonesTrading reduced their price target on shares of Alpine Income Property Trust from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, October 23rd. Zacks Research upgraded shares of Alpine Income Property Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. Finally, Weiss Ratings lowered Alpine Income Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, September 21st. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Alpine Income Property Trust has an average rating of “Buy” and an average price target of $20.75.
Check Out Our Latest Stock Report on PINE
Alpine Income Property Trust Stock Performance
NYSE PINE opened at $16.23 on Tuesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.85 and a quick ratio of 1.85. Alpine Income Property Trust has a 1-year low of $14.35 and a 1-year high of $21.99. The company has a market cap of $291.17 million, a P/E ratio of 35.28, a P/E/G ratio of 1.05 and a beta of 0.56. The stock has a 50-day moving average of $18.12 and a two-hundred day moving average of $19.05.
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 for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Alpine Income Property Trust had a return on equity of 3.68% and a net margin of 16.55%. The business had revenue of $20.46 million for the quarter, compared to analyst estimates of $20.19 million. As a group, analysts anticipate that Alpine Income Property Trust will post 2.20 EPS for the current year.
Hedge Funds Weigh In On Alpine Income Property Trust
Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Wyoming raised its position in Alpine Income Property Trust by 64.8% during the 3rd quarter. State of Wyoming now owns 41,967 shares of the company’s stock worth $728,000 after buying an additional 16,495 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Alpine Income Property Trust by 27.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 18,066 shares of the company’s stock worth $313,000 after acquiring an additional 3,919 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Alpine Income Property Trust in the third quarter valued at about $329,000. Guardian Wealth Management Inc. boosted its holdings in shares of Alpine Income Property Trust by 7.5% in the second quarter. Guardian Wealth Management Inc. now owns 79,412 shares of the company’s stock valued at $1,649,000 after acquiring an additional 5,546 shares in the last quarter. Finally, Triumph Capital Management boosted its holdings in shares of Alpine Income Property Trust by 11.0% in the second quarter. Triumph Capital Management now owns 23,864 shares of the company’s stock valued at $495,000 after acquiring an additional 2,358 shares in the last quarter. 60.50% of the stock is currently owned by hedge funds and other institutional investors.
About Alpine Income Property Trust
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.
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