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

Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight ratings firms that are presently covering the company, 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 12-month price objective among analysts that have issued ratings on the stock in the last year is $18.97.

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

Institutional Investors Weigh In On Alpine Income Property Trust

A number of large investors have recently made changes to their positions in PINE. Raymond James Financial Inc. bought a new position in shares of Alpine Income Property Trust in the 4th quarter worth approximately $2,130,000. JPMorgan Chase & Co. increased its holdings in Alpine Income Property Trust by 26.6% during the third quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company's stock valued at $129,000 after buying an additional 1,483 shares during the last quarter. Cottage Street Advisors LLC raised its position in Alpine Income Property Trust by 124.9% in the fourth quarter. Cottage Street Advisors LLC now owns 43,437 shares of the company's stock worth $729,000 after acquiring an additional 24,127 shares during the period. Thrivent Financial for Lutherans purchased a new position in shares of Alpine Income Property Trust during the 4th quarter worth $493,000. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Alpine Income Property Trust by 125.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 83,372 shares of the company's stock worth $1,400,000 after acquiring an additional 46,353 shares during the last quarter. 60.50% of the stock is currently owned by institutional investors.

Alpine Income Property Trust Stock Up 0.3%

NYSE:PINE traded up $0.05 on Friday, reaching $15.17. 66,561 shares of the stock traded hands, compared to its average volume of 76,551. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $216.43 million, a price-to-earnings ratio of 108.36, a PEG ratio of 1.58 and a beta of 0.60. Alpine Income Property Trust has a 12 month low of $14.51 and a 12 month high of $19.42. The company's fifty day simple moving average is $15.70 and its 200 day simple moving average is $16.47.

Alpine Income Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 12th will be issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 7.51%. The ex-dividend date of this dividend is Thursday, June 12th. Alpine Income Property Trust's dividend payout ratio is 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.