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

Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) has been given an average rating of "Moderate Buy" by the eight ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $18.97.

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

Alpine Income Property Trust Stock Down 1.9%

PINE traded down $0.28 during midday trading on Friday, hitting $14.47. 122,665 shares of the company's stock traded hands, compared to its average volume of 81,891. The company has a market cap of $206.49 million, a PE ratio of 180.90, a price-to-earnings-growth ratio of 1.38 and a beta of 0.58. The stock's fifty day simple moving average is $15.02 and its 200-day simple moving average is $15.90. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.36 and a quick ratio of 1.36. Alpine Income Property Trust has a one year low of $14.33 and a one year high of $19.42.

Alpine Income Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 12th were issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 7.88%. The ex-dividend date was Thursday, June 12th. Alpine Income Property Trust's payout ratio is 1,425.00%.

Institutional Trading of Alpine Income Property Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Truvestments Capital LLC boosted its holdings in Alpine Income Property Trust by 2,385.0% in the 1st quarter. Truvestments Capital LLC now owns 192,363 shares of the company's stock valued at $3,216,000 after purchasing an additional 184,622 shares during the period. Raymond James Financial Inc. bought a new stake in Alpine Income Property Trust in the 4th quarter valued at about $2,130,000. Nuveen Asset Management LLC boosted its holdings in 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 valued at $2,929,000 after purchasing an additional 97,910 shares during the period. Crossingbridge Advisors LLC bought a new stake in Alpine Income Property Trust in the 4th quarter valued at about $1,544,000. Finally, Sound Income Strategies LLC boosted its holdings in Alpine Income Property Trust by 9.6% in the 1st quarter. Sound Income Strategies LLC now owns 950,536 shares of the company's stock valued at $15,893,000 after purchasing an additional 83,620 shares during the period. 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.