Alpine Income Property Trust (NYSE:PINE) Given New $19.00 Price Target at Jones Trading

Key Points

• Alpine Income Property Trust (NYSE:PINE) saw its price target reduced from $20.00 to $19.00 by Jones Trading, which maintains a "buy" rating on the stock.
• The new price target suggests a potential upside of 32.91% from the company's current trading price of $14.30.
• Overall, the stock has an average rating of "Moderate Buy" and an average price target of $18.44 from various analysts.
• Institutional investors currently own 60.50% of Alpine Income Property Trust's shares, indicating strong institutional interest in the stock.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) had its target price reduced by Jones Trading from $20.00 to $19.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Jones Trading's target price would suggest a potential upside of 32.91% from the company's current price.

A number of other equities research analysts also recently weighed in on PINE. Industrial Alliance Securities set a $19.00 target price on shares of Alpine Income Property Trust in a research note on Friday, April 25th. Alliance Global Partners reiterated a "buy" rating on shares of Alpine Income Property Trust in a research report on Friday, April 25th. Stifel Nicolaus cut their target price on shares of Alpine Income Property Trust from $18.50 to $17.50 and set a "buy" rating on the stock in a report on Friday. Finally, UBS Group cut their target price on shares of 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $18.44.

Alpine Income Property Trust Price Performance

Shares of Alpine Income Property Trust stock traded down $0.17 on Friday, reaching $14.30. The stock had a trading volume of 84,832 shares, compared to its average volume of 84,518. The business's 50 day moving average is $14.91 and its two-hundred day moving average is $15.78. The company has a market cap of $203.99 million, a P/E ratio of 178.65, a price-to-earnings-growth ratio of 1.37 and a beta of 0.58. 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 has a 1 year low of $14.07 and a 1 year high of $19.42.

Institutional Trading of Alpine Income Property Trust

A number of hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised its position in shares of Alpine Income Property Trust by 9,844.7% in the 1st quarter. GAMMA Investing LLC now owns 3,779 shares of the company's stock worth $63,000 after purchasing an additional 3,741 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Alpine Income Property Trust in the 4th quarter worth about $2,130,000. Deutsche Bank AG raised its position in shares of Alpine Income Property Trust by 84.2% in the 4th quarter. Deutsche Bank AG now owns 43,458 shares of the company's stock worth $730,000 after purchasing an additional 19,867 shares during the last quarter. Nuveen Asset Management LLC raised its position in Alpine Income Property Trust by 127.9% in the 4th 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 during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in 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 worth $1,400,000 after buying an additional 46,353 shares during the last quarter. Institutional investors own 60.50% of the company's stock.

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.