Alpine Income Property Trust, Inc. (NYSE:PINE) Receives $18.97 Average Price Target from Brokerages

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) have received an average recommendation of "Moderate Buy" from the eight brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $18.97.

A number of equities research analysts have recently weighed in on PINE shares. UBS Group lowered their target price on Alpine Income Property Trust from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Alliance Global Partners reissued a "buy" rating on shares of Alpine Income Property Trust in a research note on Friday, April 25th. Stifel Nicolaus lowered their target price on Alpine Income Property Trust from $19.25 to $18.75 and set a "buy" rating for the company in a research note on Friday, April 25th. Jones Trading lowered their price target on Alpine Income Property Trust from $22.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Industrial Alliance Securities set a $19.00 price target on Alpine Income Property Trust in a research report on Friday, April 25th.

Alpine Income Property Trust Trading Up 0.1%

Shares of NYSE PINE traded up $0.01 during midday trading on Friday, reaching $14.53. The company had a trading volume of 189,781 shares, compared to its average volume of 81,470. Alpine Income Property Trust has a one year low of $14.41 and a one year high of $19.42. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.35. The firm's fifty day moving average price is $15.02 and its 200-day moving average price is $15.91. The stock has a market cap of $207.34 million, a PE ratio of 181.65, a price-to-earnings-growth ratio of 1.38 and a beta of 0.58.

Alpine Income Property Trust Announces Dividend

The company 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. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.85%. Alpine Income Property Trust's dividend payout ratio (DPR) is 1,425.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Alpine Income Property Trust by 9,844.7% in the 1st quarter. GAMMA Investing LLC now owns 3,779 shares of the company's stock worth $63,000 after buying an additional 3,741 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Alpine Income Property Trust in the 4th quarter worth approximately $2,130,000. Deutsche Bank AG grew its stake in shares of Alpine Income Property Trust by 84.2% in the 4th quarter. Deutsche Bank AG now owns 43,458 shares of the company's stock worth $730,000 after buying an additional 19,867 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of Alpine Income Property Trust by 127.9% in the 4th quarter. Nuveen Asset Management LLC now owns 174,465 shares of the company's stock worth $2,929,000 after buying an additional 97,910 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Alpine Income Property Trust by 125.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 83,372 shares of the company's stock worth $1,400,000 after buying an additional 46,353 shares during the last quarter. Hedge funds and other institutional investors own 60.50% of the company's stock.

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.