Alpine Income Property Trust, Inc. (NYSE:PINE) Receives $18.50 Consensus 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.

Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $18.50.

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

Alpine Income Property Trust Trading Down 0.2%

Shares of PINE stock traded down $0.03 during mid-day trading on Wednesday, reaching $14.17. 40,389 shares of the stock traded hands, compared to its average volume of 84,626. The stock's fifty day simple moving average is $14.76 and its two-hundred day simple moving average is $15.62. Alpine Income Property Trust has a 1-year low of $13.95 and a 1-year high of $19.42. The company has a market cap of $200.62 million, a price-to-earnings ratio of -283.40, a price-to-earnings-growth ratio of 1.35 and a beta of 0.63. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.40.

Alpine Income Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 12th were issued a $0.285 dividend. The ex-dividend date was Thursday, June 12th. This represents a $1.14 annualized dividend and a dividend yield of 8.0%. Alpine Income Property Trust's payout ratio is currently -2,280.00%.

Hedge Funds Weigh In On Alpine Income Property Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in PINE. Strs Ohio purchased a new stake in shares of Alpine Income Property Trust in the 1st quarter valued at $42,000. Ameriflex Group Inc. purchased a new stake in Alpine Income Property Trust during the fourth quarter worth about $43,000. BNP Paribas Financial Markets purchased a new position in Alpine Income Property Trust in the 4th quarter valued at approximately $44,000. GAMMA Investing LLC lifted its position in shares of Alpine Income Property Trust by 9,844.7% during the 1st quarter. GAMMA Investing LLC now owns 3,779 shares of the company's stock worth $63,000 after purchasing an additional 3,741 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new stake in Alpine Income Property Trust during the 4th quarter worth $75,000. Hedge funds and other institutional investors 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.