Alpine Income Property Trust, Inc. (NYSE:PINE) Receives $18.50 Average PT from Analysts

Key Points

• Alpine Income Property Trust, Inc. (NYSE:PINE) has an average analyst rating of "Moderate Buy", with one hold rating and five buy ratings among six ratings firms covering the stock.
• The company declared a quarterly dividend of $0.285 per share, resulting in an annualized dividend yield of 8.0%.
• Alpine Income Property Trust's shares have a 52-week trading range with a low of $13.95 and a high of $19.42, and currently open at $14.33.

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $18.50.

A number of analysts have commented on PINE shares. Jones Trading lowered their target price on shares of Alpine Income Property Trust from $20.00 to $19.00 and set a "buy" rating for the company in a report on Friday, July 25th. Alliance Global Partners reaffirmed a "buy" rating on shares of Alpine Income Property Trust in a research note on Friday, July 25th. Industrial Alliance Securities set a $19.00 target price on Alpine Income Property Trust in a report on Friday, April 25th. UBS Group lowered their price target on Alpine Income Property Trust from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Wednesday, July 16th. Finally, Stifel Nicolaus reduced their price objective on shares of Alpine Income Property Trust from $18.50 to $17.50 and set a "buy" rating on the stock in a research note on Friday, July 25th.

Alpine Income Property Trust Trading Down 0.4%

Alpine Income Property Trust stock traded down $0.05 during trading hours on Wednesday, reaching $14.13. 58,429 shares of the company's stock traded hands, compared to its average volume of 99,339. The firm has a market capitalization of $200.08 million, a price-to-earnings ratio of -282.60, a PEG ratio of 1.34 and a beta of 0.63. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.85 and a current ratio of 0.85. Alpine Income Property Trust has a fifty-two week low of $13.95 and a fifty-two week high of $19.42. The firm's 50 day moving average is $14.71 and its 200-day moving average is $15.58.

Alpine Income Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 12th were issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 8.1%. The ex-dividend date was Thursday, June 12th. Alpine Income Property Trust's dividend payout ratio (DPR) is -2,280.00%.

Insiders Place Their Bets

In other news, CEO John P. Albright purchased 3,500 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were bought at an average cost of $14.20 per share, for a total transaction of $49,700.00. Following the completion of the acquisition, the chief executive officer directly owned 11,444 shares in the company, valued at approximately $162,504.80. This trade represents a 44.06% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.46% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PINE. Sei Investments Co. bought a new position in shares of Alpine Income Property Trust during the 4th quarter worth approximately $219,000. JPMorgan Chase & Co. lifted its stake in shares of Alpine Income Property Trust by 618.4% during the 4th quarter. JPMorgan Chase & Co. now owns 50,780 shares of the company's stock worth $853,000 after buying an additional 43,712 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Alpine Income Property Trust by 15.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 198,906 shares of the company's stock worth $3,340,000 after buying an additional 26,305 shares during the period. Resona Asset Management Co. Ltd. acquired a new position in Alpine Income Property Trust in the 4th quarter valued at about $75,000. Finally, Wells Fargo & Company MN lifted its position in Alpine Income Property Trust by 137.1% during the fourth quarter. Wells Fargo & Company MN now owns 13,627 shares of the company's stock worth $229,000 after acquiring an additional 7,879 shares during the last quarter. Institutional investors and hedge funds own 60.50% of the company's stock.

About Alpine Income Property Trust

Alpine Income Property Trust, Inc NYSE: PINE is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased properties that are predominately leased to high-quality publicly traded and credit-rated tenants.