Alpine Income Property Trust (NYSE:PINE) Earns Sell (D+) Rating from Weiss Ratings

Key Points

• Alpine Income Property Trust received a "sell (D+)" rating from Weiss Ratings, while three analysts still issued a "buy" rating.
• The stock is currently trading at $13.81, with a consensus target price of $17.63, indicating potential upside.
• CEO John P. Albright increased his stake by purchasing 3,500 shares at an average cost of $14.20 per share.

Alpine Income Property Trust (NYSE:PINE - Get Free Report)'s stock had its "sell (d+)" rating reiterated by investment analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Other research analysts also recently issued reports about the company. Stifel Nicolaus reduced their price objective on Alpine Income Property Trust from $18.50 to $17.50 and set a "buy" rating on the stock in a report on Friday, July 25th. UBS Group reduced their price objective 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 restated a "buy" rating on shares of Alpine Income Property Trust in a 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 on the stock in a report on Friday, July 25th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $17.63.

Alpine Income Property Trust Trading Down 0.9%

Shares of PINE stock traded down $0.13 on Friday, reaching $13.81. 115,894 shares of the company's stock were exchanged, compared to its average volume of 83,263. Alpine Income Property Trust has a 52 week low of $13.10 and a 52 week high of $18.57. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $195.55 million, a PE ratio of -276.22, a P/E/G ratio of 1.31 and a beta of 0.67. The company's fifty day simple moving average is $14.44 and its 200 day simple moving average is $14.83.

Insider Activity

In related news, CEO John P. Albright purchased 3,500 shares of the business'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 acquisition, the chief executive officer owned 11,444 shares of the company's stock, valued at $162,504.80. The trade was a 44.06% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.46% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio purchased a new position in shares of Alpine Income Property Trust in the 1st quarter valued at $42,000. Resona Asset Management Co. Ltd. increased its holdings in shares of Alpine Income Property Trust by 16.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 5,380 shares of the company's stock valued at $89,000 after acquiring an additional 765 shares during the period. Jeppson Wealth Management LLC purchased a new position in shares of Alpine Income Property Trust in the 2nd quarter valued at $152,000. State of Wyoming purchased a new position in Alpine Income Property Trust during the 1st quarter worth $226,000. Finally, Ameriprise Financial Inc. grew its stake in Alpine Income Property Trust by 13.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 15,620 shares of the company's stock worth $230,000 after buying an additional 1,810 shares during the last quarter. 60.50% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.