Analysts Set Alpine Income Property Trust, Inc. (NYSE:PINE) Target Price at $18.97

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the stock, 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 1-year price target among analysts that have covered the stock in the last year is $18.97.

PINE has been the subject of several recent research reports. Stifel Nicolaus cut their price target on Alpine Income Property Trust from $19.25 to $18.75 and set a "buy" rating for the company in a research note on Friday, April 25th. Industrial Alliance Securities set a $19.00 target price on Alpine Income Property Trust in a report on Friday, April 25th. UBS Group dropped their price target on Alpine Income Property Trust from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Alliance Global Partners reaffirmed a "buy" rating on shares of Alpine Income Property Trust in a research report on Friday, April 25th. Finally, 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.

Institutional Investors Weigh In On Alpine Income Property Trust

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in Alpine Income Property Trust during the 4th quarter worth approximately $2,130,000. Deutsche Bank AG increased its holdings in shares of Alpine Income Property Trust by 84.2% during the fourth quarter. Deutsche Bank AG now owns 43,458 shares of the company's stock worth $730,000 after buying an additional 19,867 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Alpine Income Property Trust by 127.9% during the fourth quarter. Nuveen Asset Management LLC now owns 174,465 shares of the company's stock worth $2,929,000 after buying an additional 97,910 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Alpine Income Property Trust by 125.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 83,372 shares of the company's stock valued at $1,400,000 after acquiring an additional 46,353 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its stake in shares of 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 acquiring an additional 83,620 shares during the last quarter. 60.50% of the stock is currently owned by institutional investors and hedge funds.

Alpine Income Property Trust Stock Performance

NYSE PINE traded down $0.03 during trading on Tuesday, reaching $15.02. The company's stock had a trading volume of 28,924 shares, compared to its average volume of 79,026. The firm has a 50 day moving average price of $15.40 and a 200 day moving average price of $16.18. Alpine Income Property Trust has a 12 month low of $14.51 and a 12 month high of $19.42. The firm has a market capitalization of $214.34 million, a price-to-earnings ratio of 188.15, a price-to-earnings-growth ratio of 1.44 and a beta of 0.61. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.35.

Alpine Income Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 7.59%. The ex-dividend date is Thursday, June 12th. Alpine Income Property Trust's payout ratio is 1,425.00%.

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.