Alpine Income Property Trust, Inc. (NYSE:PINE – Get Free Report) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 467,827 shares, a growth of 160.6% from the June 15th total of 179,510 shares. Based on an average daily trading volume, of 274,081 shares, the days-to-cover ratio is presently 1.7 days. Currently, 2.8% of the shares of the company are short sold.
Alpine Income Property Trust Trading Down 0.9%
Alpine Income Property Trust stock opened at $20.42 on Thursday. The stock has a market cap of $337.47 million, a P/E ratio of -226.89, a PEG ratio of 1.38 and a beta of 0.54. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.45 and a quick ratio of 2.45. Alpine Income Property Trust has a 1 year low of $13.10 and a 1 year high of $21.32. The firm’s 50 day moving average price is $19.74 and its 200-day moving average price is $19.02.
Alpine Income Property Trust (NYSE:PINE – Get Free Report) last issued its earnings results on Thursday, April 23rd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $18.41 million for the quarter, compared to the consensus estimate of $17.62 million. Alpine Income Property Trust had a return on equity of 0.25% and a net margin of 1.09%.Alpine Income Property Trust has set its FY 2026 guidance at 2.110-2.150 EPS. On average, equities analysts predict that Alpine Income Property Trust will post 2.14 earnings per share for the current fiscal year.
Alpine Income Property Trust Announces Dividend
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Huntington started coverage on shares of Alpine Income Property Trust in a research report on Wednesday. They issued an “outperform” rating and a $23.00 price target for the company. Truist Financial lowered their target price on shares of Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Thursday, May 21st. Alliance Global Partners reaffirmed a “buy” rating on shares of Alpine Income Property Trust in a report on Tuesday, April 28th. Robert W. Baird reiterated a “neutral” rating and issued a $21.00 price target (up from $18.00) on shares of Alpine Income Property Trust in a research note on Monday, June 29th. Finally, Stifel Nicolaus set a $21.50 price target on Alpine Income Property Trust in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.31.
View Our Latest Report on PINE
Insider Buying and Selling at Alpine Income Property Trust
In other news, Director Andrew C. Richardson sold 3,000 shares of Alpine Income Property Trust stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $19.35, for a total transaction of $58,050.00. Following the transaction, the director directly owned 14,376 shares of the company’s stock, valued at $278,175.60. The trade was a 17.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 7,832 shares of company stock worth $153,097. 0.60% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Triumph Capital Management purchased a new stake in shares of Alpine Income Property Trust in the fourth quarter worth about $33,000. Key Capital Management INC bought a new position in Alpine Income Property Trust during the fourth quarter valued at approximately $38,000. Strs Ohio purchased a new position in Alpine Income Property Trust during the 1st quarter valued at approximately $42,000. PNC Financial Services Group Inc. grew its holdings in Alpine Income Property Trust by 74.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,097 shares of the company’s stock valued at $69,000 after buying an additional 1,746 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Alpine Income Property Trust by 36.3% in the 4th quarter. Royal Bank of Canada now owns 5,134 shares of the company’s stock worth $86,000 after acquiring an additional 1,366 shares during the last quarter. Hedge funds and other institutional investors own 60.50% of the company’s stock.
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.
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