Analysts Set Alpine Income Property Trust, Inc. (NYSE:PINE) Target Price at $18.42

Key Points

• Alpine Income Property Trust, Inc. has received a consensus recommendation of "Moderate Buy" from five brokerages, with an average 12-month target price of $18.42.
• CEO John P. Albright has increased his stake in the company by acquiring 3,500 shares at $14.20 per share, indicating confidence in the company's future performance.
• The company announced a quarterly dividend of $0.285 per share, representing a 7.5% yield, with the ex-dividend date set for September 11th.

Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the five ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $18.4167.

Several brokerages have recently issued reports on PINE. Stifel Nicolaus lowered their price target on Alpine Income Property Trust from $18.50 to $17.50 and set a "buy" rating on the stock in a research report on Friday, July 25th. UBS Group decreased their target price on Alpine Income Property Trust from $16.00 to $15.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. Alliance Global Partners reaffirmed a "buy" rating on shares of Alpine Income Property Trust in a research report on Friday, July 25th. Finally, Jones Trading reduced their price objective on 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.

Insider Activity at Alpine Income Property Trust

In other Alpine Income Property Trust news, CEO John P. Albright acquired 3,500 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were acquired at an average cost of $14.20 per share, for a total transaction of $49,700.00. Following the completion of the purchase, the chief executive officer owned 11,444 shares of the company's stock, valued at approximately $162,504.80. This trade represents a 44.06% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company's stock.

Hedge Funds Weigh In On Alpine Income Property Trust

A number of institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. increased its stake in shares of 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. Qube Research & Technologies Ltd increased its stake in Alpine Income Property Trust by 43.4% during the second quarter. Qube Research & Technologies Ltd now owns 39,848 shares of the company's stock valued at $586,000 after acquiring an additional 12,063 shares during the period. Gabelli Funds LLC bought a new position in Alpine Income Property Trust during the second quarter valued at about $3,621,000. Gamco Investors INC. ET AL bought a new position in Alpine Income Property Trust during the second quarter valued at about $467,000. Finally, Hsbc Holdings PLC increased its stake in Alpine Income Property Trust by 42.3% during the second quarter. Hsbc Holdings PLC now owns 27,866 shares of the company's stock valued at $412,000 after acquiring an additional 8,278 shares during the period. 60.50% of the stock is currently owned by institutional investors.

Alpine Income Property Trust Stock Performance

Alpine Income Property Trust stock traded up $0.18 during mid-day trading on Friday, hitting $15.29. 94,316 shares of the company's stock traded hands, compared to its average volume of 69,265. Alpine Income Property Trust has a one year low of $13.95 and a one year high of $19.42. The company has a market cap of $216.44 million, a PE ratio of 8.63, a price-to-earnings-growth ratio of 1.44 and a beta of 0.64. The firm has a 50 day moving average price of $14.62 and a 200 day moving average price of $15.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.40.

Alpine Income Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Thursday, September 11th will be given a $0.285 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.5%. Alpine Income Property Trust's payout ratio is currently -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.