Alpine Income Property Trust, Inc. (NYSE:PINE) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Alpine Income Property Trust, Inc. (NYSE:PINE) has received an average recommendation of "Moderate Buy" from analysts, with an average 12-month target price of $17.90.
• CEO John P. Albright recently acquired 3,500 shares of the company's stock at $14.20 per share, increasing his ownership by 44.06%.
• The company announced a quarterly dividend of $0.285, representing an annual yield of 8.2%, although its payout ratio is significantly negative at -2,280.00%.

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) have been given an average rating of "Moderate Buy" by the six ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $17.90.

Several research firms have recently commented on PINE. Stifel Nicolaus lowered their price target on shares of Alpine Income Property Trust from $18.50 to $17.50 and set a "buy" rating for the company in a research report on Friday, July 25th. Jones Trading lowered their price target on shares of Alpine Income Property Trust from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Friday, July 25th. UBS Group lowered their price target on shares of Alpine Income Property Trust from $16.00 to $15.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. Weiss Ratings restated a "sell (d+)" rating on shares of Alpine Income Property Trust in a research report on Wednesday, October 8th. Finally, Alliance Global Partners restated a "buy" rating on shares of Alpine Income Property Trust in a research report on Friday, July 25th.

Insiders Place Their Bets

In related news, CEO John P. Albright acquired 3,500 shares of Alpine Income Property Trust stock in a transaction that occurred on Wednesday, August 6th. The stock was acquired at an average price of $14.20 per share, with a total value of $49,700.00. Following the completion of the acquisition, the chief executive officer directly owned 11,444 shares of the company's stock, valued at $162,504.80. This trade represents a 44.06% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is owned by insiders.

Institutional Investors Weigh In On Alpine Income Property Trust

Several institutional investors have recently bought and sold shares of the stock. Jeppson Wealth Management LLC lifted its holdings in Alpine Income Property Trust by 37.0% in the third quarter. Jeppson Wealth Management LLC now owns 14,117 shares of the company's stock worth $200,000 after purchasing an additional 3,810 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Alpine Income Property Trust by 5.5% in the third quarter. Exchange Traded Concepts LLC now owns 32,145 shares of the company's stock worth $455,000 after purchasing an additional 1,689 shares during the period. Sound Income Strategies LLC lifted its holdings in Alpine Income Property Trust by 7.6% in the third quarter. Sound Income Strategies LLC now owns 1,126,174 shares of the company's stock worth $15,001,000 after purchasing an additional 79,119 shares during the period. Ameriprise Financial Inc. lifted its holdings in Alpine Income Property Trust by 13.1% in the second quarter. Ameriprise Financial Inc. now owns 15,620 shares of the company's stock worth $230,000 after purchasing an additional 1,810 shares during the period. Finally, Qube Research & Technologies Ltd boosted its position in shares of Alpine Income Property Trust by 43.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 39,848 shares of the company's stock valued at $586,000 after purchasing an additional 12,063 shares in the last quarter. Institutional investors and hedge funds own 60.50% of the company's stock.

Alpine Income Property Trust Stock Up 0.6%

Alpine Income Property Trust stock opened at $13.89 on Monday. The company has a 50-day simple moving average of $14.50 and a 200-day simple moving average of $14.87. The firm has a market capitalization of $196.61 million, a P/E ratio of -277.70, a P/E/G ratio of 1.31 and a beta of 0.67. 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 one year low of $13.10 and a one year high of $18.75.

Alpine Income Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 11th were issued a $0.285 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $1.14 annualized dividend and a yield of 8.2%. Alpine Income Property Trust's dividend payout ratio is presently -2,280.00%.

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.

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