Alpine Income Property Trust (NYSE:PINE - Free Report) had its target price decreased by UBS Group from $16.00 to $15.00 in a research note issued to investors on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.
A number of other research analysts have also recently weighed in on PINE. Jones Trading reduced their price target on shares of Alpine Income Property Trust from $22.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Alliance Global Partners reissued a "buy" rating on shares of Alpine Income Property Trust in a research report on Friday, April 25th. Industrial Alliance Securities set a $19.00 target price on shares of Alpine Income Property Trust in a research report on Friday, April 25th. Finally, Stifel Nicolaus reduced their target price on shares of Alpine Income Property Trust from $19.25 to $18.75 and set a "buy" rating on the stock in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.86.
Check Out Our Latest Stock Report on PINE
Alpine Income Property Trust Trading Down 1.0%
Shares of NYSE PINE traded down $0.14 during midday trading on Wednesday, reaching $14.17. 78,764 shares of the stock were exchanged, compared to its average volume of 82,528. The company has a market capitalization of $202.21 million, a P/E ratio of 177.15, a P/E/G ratio of 1.36 and a beta of 0.58. Alpine Income Property Trust has a 52-week low of $14.08 and a 52-week high of $19.42. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.35. The stock has a 50 day moving average price of $14.97 and a 200-day moving average price of $15.86.
Alpine Income Property Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 12th were issued a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 8.05%. The ex-dividend date was Thursday, June 12th. Alpine Income Property Trust's payout ratio is currently 1,425.00%.
Institutional Investors Weigh In On Alpine Income Property Trust
Several institutional investors have recently bought and sold shares of the stock. Sound Income Strategies LLC lifted its holdings in Alpine Income Property Trust by 10.2% in the 2nd quarter. Sound Income Strategies LLC now owns 1,047,055 shares of the company's stock valued at $15,402,000 after acquiring an additional 96,519 shares during the last quarter. Jeppson Wealth Management LLC acquired a new stake in Alpine Income Property Trust in the 2nd quarter valued at about $152,000. Rhumbline Advisers lifted its holdings in Alpine Income Property Trust by 3.7% in the 1st quarter. Rhumbline Advisers now owns 20,652 shares of the company's stock valued at $345,000 after acquiring an additional 736 shares during the last quarter. Strs Ohio acquired a new stake in Alpine Income Property Trust in the 1st quarter valued at about $42,000. Finally, Acadian Asset Management LLC acquired a new stake in Alpine Income Property Trust in the 1st quarter valued at about $1,112,000. Institutional investors and hedge funds own 60.50% of the company's stock.
About Alpine Income Property Trust
(
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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.
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