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

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating 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.

PINE has been the topic of a number of research analyst reports. Industrial Alliance Securities set a $19.00 target price on Alpine Income Property Trust in a research report on Friday, April 25th. Stifel Nicolaus decreased their price target on shares of Alpine Income Property Trust from $19.25 to $18.75 and set a "buy" rating on the stock in a research note on Friday, April 25th. UBS Group lowered their price target on shares of Alpine Income Property Trust from $17.00 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Jones Trading reduced 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 research note on Friday, April 25th. Finally, Alliance Global Partners restated a "buy" rating on shares of Alpine Income Property Trust in a research report on Friday, April 25th.

Alpine Income Property Trust Price Performance

PINE stock traded up $0.06 on Friday, reaching $14.87. 60,149 shares of the company's stock were exchanged, compared to its average volume of 76,587. The stock has a fifty day moving average of $15.78 and a 200-day moving average of $16.51. Alpine Income Property Trust has a twelve month low of $14.51 and a twelve month high of $19.42. The firm has a market cap of $212.21 million, a PE ratio of 106.24, a P/E/G ratio of 1.58 and a beta of 0.60. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.09.

Insider Activity at Alpine Income Property Trust

In related news, Director Andrew C. Richardson sold 2,000 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $16.64, for a total value of $33,280.00. Following the completion of the transaction, the director now owns 17,143 shares of the company's stock, valued at approximately $285,259.52. This represents a 10.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.46% of the company's stock.

Hedge Funds Weigh In On Alpine Income Property Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sound Income Strategies LLC grew its stake in shares of Alpine Income Property Trust by 9.6% in the first quarter. Sound Income Strategies LLC now owns 950,536 shares of the company's stock worth $15,893,000 after purchasing an additional 83,620 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its position in Alpine Income Property Trust by 6.6% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 297,221 shares of the company's stock valued at $4,990,000 after buying an additional 18,293 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Alpine Income Property Trust by 15.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 198,906 shares of the company's stock valued at $3,340,000 after buying an additional 26,305 shares during the period. State of New Jersey Common Pension Fund D raised its position in shares of Alpine Income Property Trust by 2.6% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 193,703 shares of the company's stock worth $3,239,000 after buying an additional 5,000 shares in the last quarter. Finally, Truvestments Capital LLC lifted its stake in shares of 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 worth $3,216,000 after acquiring an additional 184,622 shares during the period. 60.50% of the stock is currently owned by institutional investors and hedge funds.

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.