UBS Group Cuts Alpine Income Property Trust (NYSE:PINE) Price Target to $15.00

Alpine Income Property Trust (NYSE:PINE - Free Report) had its price target decreased by UBS Group from $16.00 to $15.00 in a report released on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

PINE has been the topic of several other reports. Stifel Nicolaus cut their price objective 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. Industrial Alliance Securities set a $19.00 price target on shares of Alpine Income Property Trust in a research report on Friday, April 25th. Jones Trading cut 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. Finally, Alliance Global Partners restated a "buy" rating on shares of Alpine Income Property Trust in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $18.86.

Alpine Income Property Trust Trading Down 0.1%

PINE traded down $0.02 during trading on Wednesday, reaching $14.29. 137,671 shares of the company's stock were exchanged, compared to its average volume of 83,105. The company's fifty day moving average price is $14.95 and its 200-day moving average price is $15.84. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.36 and a current ratio of 1.36. Alpine Income Property Trust has a fifty-two week low of $14.07 and a fifty-two week high of $19.42. The firm has a market capitalization of $203.88 million, a PE ratio of 178.65, a P/E/G ratio of 1.35 and a beta of 0.58.

Alpine Income Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 12th were paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 7.98%. 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 large investors have recently modified their holdings of the company. Sound Income Strategies LLC lifted its stake in shares of Alpine Income Property Trust by 10.2% in the second quarter. Sound Income Strategies LLC now owns 1,047,055 shares of the company's stock valued at $15,402,000 after buying an additional 96,519 shares in the last quarter. Jeppson Wealth Management LLC bought a new position in shares of Alpine Income Property Trust during the second quarter valued at about $152,000. Rhumbline Advisers lifted its position in shares of Alpine Income Property Trust by 3.7% during the first quarter. Rhumbline Advisers now owns 20,652 shares of the company's stock valued at $345,000 after purchasing an additional 736 shares in the last quarter. Strs Ohio bought a new position in shares of Alpine Income Property Trust during the first quarter valued at about $42,000. Finally, Acadian Asset Management LLC bought a new position in shares of Alpine Income Property Trust during the first quarter valued at about $1,112,000. 60.50% of the stock is currently owned by institutional investors and hedge funds.

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.