Alpine Income Property Trust, Inc. (NYSE:PINE – Get Free Report) has earned an average rating of “Buy” from the twelve research firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $20.75.
Several brokerages recently issued reports on PINE. Stifel Nicolaus cut their target price on shares of Alpine Income Property Trust from $21.25 to $20.00 and set a “buy” rating for the company in a research report on Friday, October 23rd. Huntington Sec started coverage on Alpine Income Property Trust in a research report on Tuesday, October 27th. They set a “strong-buy” rating for the company. 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 target price on the stock. 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, Truist Financial cut their price target on Alpine Income Property Trust from $20.00 to $19.00 and set a “hold” rating for the company in a report on Thursday, October 15th.
Check Out Our Latest Stock Report on Alpine Income Property Trust
Hedge Funds Weigh In On Alpine Income Property Trust
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Alpine Income Property Trust during the 2nd quarter worth approximately $28,048,000. Heartland Advisors Inc. acquired a new stake in Alpine Income Property Trust in the second quarter worth $9,449,000. Dimensional Fund Advisors LP boosted its stake in shares of Alpine Income Property Trust by 14.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 185,819 shares of the company’s stock worth $3,345,000 after buying an additional 22,911 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Alpine Income Property Trust by 87.1% during the 1st 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 in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Alpine Income Property Trust during the 2nd quarter valued at about $1,813,000. 60.50% of the stock is currently owned by institutional investors and hedge funds.
Alpine Income Property Trust Trading Up 0.2%
Shares of PINE stock opened at $16.42 on Friday. The stock has a 50-day simple moving average of $17.99 and a 200 day simple moving average of $19.05. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.08. Alpine Income Property Trust has a fifty-two week low of $14.35 and a fifty-two week high of $21.99. The stock has a market capitalization of $294.57 million, a P/E ratio of 35.70, a P/E/G ratio of 1.06 and a beta of 0.59.
Alpine Income Property Trust (NYSE:PINE – Get Free Report) last released its earnings results on Thursday, October 22nd. The company reported $0.18 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 analysts’ expectations of $20.19 million. Alpine Income Property Trust had a return on equity of 3.68% and a net margin of 16.55%. On average, sell-side analysts expect that Alpine Income Property Trust will post 2.20 earnings per share for the current fiscal year.
More Alpine Income Property Trust News
Here are the key news stories impacting Alpine Income Property Trust this week:
- Positive Sentiment: Alpine Income Property Trust closed $175 million in unsecured financing, consisting of a new $100 million term loan due in 2030 and a $75 million expansion of its revolving credit facility to $325 million. The additional liquidity could support property investments and other corporate needs. Alpine Income Property Trust Closes $175 Million Unsecured Financing
- Positive Sentiment: Huntington Sec initiated coverage with a “Strong-Buy” rating, providing a bullish counterpoint to recent weakness in the shares. Huntington Sec Stock Recommendations
- Neutral Sentiment: Huntington Sec projects fourth-quarter 2026 EPS of $0.54 and full-year EPS of $2.19, compared with the current consensus estimate of $2.21. Its forecasts are $2.12 for 2027 and $2.16 for 2028, suggesting broadly stable but limited earnings growth.
- Negative Sentiment: The new borrowing increases Alpine Income Property Trust’s debt obligations and exposure to financing costs, which may temper the benefit of the added liquidity.
- Negative Sentiment: Cantor Fitzgerald cut its price target for PINE, a bearish valuation signal that may be contributing to pressure on the stock. Alpine Income Property Trust Stock Price Target Cut by Cantor Fitzgerald
Alpine Income Property Trust Company Profile
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.
Read More
- Five stocks we like better than Alpine Income Property Trust
- Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Exxon’s Refining Profits Soared—Did Chevron Get the Same Windfall?
- Eli Lilly’s First Full Medicare Quarter: Is Volume Still Outrunning Price Cuts?
- Oracle’s AI Spending Peak Is in Sight—Can the Stock Recover?
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.
