Alpine Income Property Trust (NYSE:PINE – Get Free Report) had its price target lowered by investment analysts at JonesTrading from $23.00 to $20.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. JonesTrading‘s target price would indicate a potential upside of 23.90% from the stock’s previous close.
A number of other brokerages have also recently commented on PINE. Truist Financial dropped 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. Huntington initiated coverage on shares of Alpine Income Property Trust in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $23.00 price objective for the company. Alliance Global Partners reissued a “buy” rating on shares of Alpine Income Property Trust in a report on Friday, July 24th. Stifel Nicolaus lowered their target price on shares of Alpine Income Property Trust from $21.25 to $20.00 and set a “buy” rating on the stock in a report on Friday. Finally, Robert W. Baird restated a “neutral” rating and set a $21.00 target price (up from $18.00) on shares of Alpine Income Property Trust in a research report on Monday, June 29th. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $20.75.
Get Our Latest Stock Analysis on PINE
Alpine Income Property Trust Stock Performance
Shares of PINE stock traded down $1.28 during trading hours on Friday, hitting $16.14. 392,260 shares of the company were exchanged, compared to its average volume of 168,944. The firm has a fifty day simple moving average of $18.39 and a 200 day simple moving average of $19.29. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.03. Alpine Income Property Trust has a 52-week low of $13.63 and a 52-week high of $21.99. The stock has a market capitalization of $289.43 million, a price-to-earnings ratio of 84.96, a P/E/G ratio of 1.13 and a beta of 0.56.
Alpine Income Property Trust (NYSE:PINE – Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. The business had revenue of $20.46 million for the quarter, compared to the consensus estimate of $20.19 million. Alpine Income Property Trust had a net margin of 9.36% and a return on equity of 2.11%. Research analysts predict 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 stock in a transaction 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 sale, the director owned 8,425 shares in the company, valued at approximately $170,859. This trade represents a 19.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.
Institutional Investors Weigh In On Alpine Income Property Trust
A number of large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc purchased a new stake in Alpine Income Property Trust in the second quarter worth approximately $32,000. Virtus Advisers LLC bought a new position in shares of Alpine Income Property Trust during the second quarter valued at about $80,000. PNC Financial Services Group Inc. increased its holdings in shares of Alpine Income Property Trust by 13.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,649 shares of the company’s stock worth $84,000 after buying an additional 552 shares during the period. State of Wyoming purchased a new position in shares of Alpine Income Property Trust in the first quarter worth about $128,000. Finally, Abel Hall LLC purchased a new stake in Alpine Income Property Trust during the 1st quarter valued at about $189,000. Hedge funds and other institutional investors own 60.50% of the company’s stock.
Alpine Income Property Trust News Summary
Here are the key news stories impacting Alpine Income Property Trust this week:
- Positive Sentiment: Third-quarter results exceeded expectations: EPS was $0.18 versus the $0.17 consensus, while revenue reached $20.46 million compared with estimates of $20.19 million. Alpine Income Property Trust third-quarter results
- Positive Sentiment: Third-quarter FFO rose to $0.55 per share from $0.46 a year earlier and exceeded the $0.53 consensus estimate, supporting the company’s recurring-income profile. Alpine Income FFO results
- Positive Sentiment: Management increased 2026 AFFO-per-share guidance to $2.20-$2.22, above the prior consensus estimate of $2.17, as acquisitions accelerate. The company also reported more than $300 million of investment activity completed or under contract year to date. Alpine Income Property Trust raises AFFO guidance
- Neutral Sentiment: Analysts remain constructive, with Stifel maintaining a Buy rating and Huntington maintaining an Outperform rating, but both firms reduced their price targets to $20.00 and $20.50, respectively. The target cuts may be weighing on investor sentiment even though they imply substantial potential upside from recent levels. Huntington lowers Alpine Income price target
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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