Alpine Income Property Trust, Inc. (NYSE:PINE) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $19.31.

PINE has been the topic of several recent research reports. Stifel Nicolaus decreased their price target on shares of Alpine Income Property Trust from $19.25 to $18.75 and set a "buy" rating on the stock in a research report on Friday, April 25th. Industrial Alliance Securities set a $19.00 price objective on Alpine Income Property Trust in a research note on Friday, April 25th. Alliance Global Partners reiterated a "buy" rating on shares of Alpine Income Property Trust in a research note on Friday, April 25th. Finally, Jones Trading lowered their price target on shares of Alpine Income Property Trust from $22.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, April 25th.

Insider Buying and Selling

In related news, Director Andrew C. Richardson sold 2,000 shares of Alpine Income Property Trust stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $16.64, for a total value of $33,280.00. Following the completion of the transaction, the director now owns 17,143 shares in the company, valued at $285,259.52. The trade was a 10.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.46% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PINE. State Street Corp grew its holdings in Alpine Income Property Trust by 18.7% during the third quarter. State Street Corp now owns 272,081 shares of the company's stock worth $4,952,000 after acquiring an additional 42,889 shares during the period. Jane Street Group LLC lifted its position in Alpine Income Property Trust by 216.2% during the third quarter. Jane Street Group LLC now owns 43,486 shares of the company's stock worth $791,000 after buying an additional 29,735 shares during the period. Barclays PLC increased its position in Alpine Income Property Trust by 282.4% during the third quarter. Barclays PLC now owns 16,411 shares of the company's stock worth $299,000 after purchasing an additional 12,119 shares during the last quarter. Virtu Financial LLC acquired a new position in Alpine Income Property Trust during the third quarter valued at approximately $200,000. Finally, Tidal Investments LLC grew its position in Alpine Income Property Trust by 7.4% in the third quarter. Tidal Investments LLC now owns 22,906 shares of the company's stock valued at $417,000 after acquiring an additional 1,578 shares in the last quarter. Institutional investors and hedge funds own 60.50% of the company's stock.

Alpine Income Property Trust Price Performance

NYSE:PINE traded down $0.07 during mid-day trading on Monday, reaching $15.35. The stock had a trading volume of 26,344 shares, compared to its average volume of 75,022. The firm has a 50 day moving average price of $16.18 and a two-hundred day moving average price of $16.83. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.94 and a current ratio of 0.94. Alpine Income Property Trust has a one year low of $14.51 and a one year high of $19.42. The stock has a market capitalization of $222.21 million, a P/E ratio of 109.64, a P/E/G ratio of 1.58 and a beta of 0.57.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.40. Alpine Income Property Trust had a net margin of 3.96% and a return on equity of 0.76%. As a group, analysts expect that Alpine Income Property Trust will post 1.74 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 13th were issued a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 7.43%. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Alpine Income Property Trust's previous quarterly dividend of $0.28. Alpine Income Property Trust's dividend payout ratio (DPR) is currently 1,425.00%.

Alpine Income Property Trust Company Profile

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.