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

Key Points

• Alpine Income Property Trust, Inc. (NYSE:PINE) has received a consensus rating of "Moderate Buy" from analysts, with one hold recommendation and four buy recommendations.
• The company recently announced a quarterly dividend of $0.285, set to be paid on September 30th, reflecting an annualized dividend yield of 8.0%.
• CEO John P. Albright increased his stake in the company by acquiring 3,500 shares, representing a 44.06% increase in his holdings.

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) have earned an average rating of "Moderate Buy" from the five analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $18.4167.

Several research firms have recently weighed in on PINE. Alliance Global Partners restated a "buy" rating on shares of Alpine Income Property Trust in a research note on Friday, July 25th. UBS Group cut their price objective on Alpine Income Property Trust from $16.00 to $15.00 and set a "neutral" rating for the company in a report on Wednesday, July 16th. Stifel Nicolaus cut their price objective on Alpine Income Property Trust from $18.50 to $17.50 and set a "buy" rating for the company in a report on Friday, July 25th. Finally, Jones Trading cut their price objective on Alpine Income Property Trust from $20.00 to $19.00 and set a "buy" rating for the company in a report on Friday, July 25th.

Insider Activity at Alpine Income Property Trust

In other news, CEO John P. Albright acquired 3,500 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was bought 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 approximately $162,504.80. The trade was a 44.06% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by insiders.

Institutional Trading of Alpine Income Property Trust

Several hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC grew its holdings in Alpine Income Property Trust by 10.2% during the second quarter. Sound Income Strategies LLC now owns 1,047,055 shares of the company's stock valued at $15,402,000 after purchasing an additional 96,519 shares during the period. Russell Investments Group Ltd. grew its holdings in Alpine Income Property Trust by 3.7% during the second quarter. Russell Investments Group Ltd. now owns 332,426 shares of the company's stock valued at $4,890,000 after purchasing an additional 11,712 shares during the period. Geode Capital Management LLC grew its holdings in Alpine Income Property Trust by 5.8% during the second quarter. Geode Capital Management LLC now owns 327,734 shares of the company's stock valued at $4,822,000 after purchasing an additional 17,947 shares during the period. Gabelli Funds LLC bought a new stake in Alpine Income Property Trust during the second quarter valued at about $3,621,000. Finally, State of New Jersey Common Pension Fund D grew its holdings in Alpine Income Property Trust by 2.6% during the first quarter. State of New Jersey Common Pension Fund D now owns 193,703 shares of the company's stock valued at $3,239,000 after purchasing an additional 5,000 shares during the period. Institutional investors own 60.50% of the company's stock.

Alpine Income Property Trust Stock Down 0.8%

PINE stock opened at $14.26 on Thursday. Alpine Income Property Trust has a 1-year low of $13.95 and a 1-year high of $18.75. The business has a fifty day moving average price of $14.67 and a 200-day moving average price of $15.20. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $201.92 million, a P/E ratio of -285.20, a P/E/G ratio of 1.36 and a beta of 0.64.

Alpine Income Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Thursday, September 11th will be issued a $0.285 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $1.14 annualized dividend and a dividend yield of 8.0%. Alpine Income Property Trust's payout ratio is presently -2,280.00%.

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.

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