Alpine Income Property Trust's (PINE) Sell (D+) Rating Reiterated at Weiss Ratings

Key Points

• Alpine Income Property Trust (PINE) has had its "sell (D+)" rating reiterated by Weiss Ratings, indicating ongoing concerns about the stock's performance.
• Several analysts have adjusted their price targets, with Jones Trading lowering theirs from $20.00 to $19.00 while setting a "buy" rating, reflecting mixed sentiment among analysts.
• Insider trading activity saw CEO John P. Albright purchase 3,500 shares at $14.20 each, signaling confidence in the company despite its current stock performance.

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

PINE has been the topic of a number of other research reports. Jones Trading reduced their target price on Alpine Income Property Trust from $20.00 to $19.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. 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 research note on Friday, July 25th. Alliance Global Partners reaffirmed a "buy" rating on shares of Alpine Income Property Trust in a research note on Friday, July 25th. Finally, UBS Group dropped their target price on shares of Alpine Income Property Trust from $16.00 to $15.00 and set a "neutral" rating for the company in a report on Wednesday, July 16th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Alpine Income Property Trust presently has an average rating of "Moderate Buy" and an average price target of $18.42.

Alpine Income Property Trust Price Performance

PINE traded up $0.15 during trading on Wednesday, reaching $13.59. The stock had a trading volume of 41,981 shares, compared to its average volume of 82,063. The stock has a market cap of $192.43 million, a PE ratio of -271.78, a PEG ratio of 1.29 and a beta of 0.67. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.85 and a current ratio of 0.85. Alpine Income Property Trust has a one year low of $13.38 and a one year high of $18.75. The business has a 50-day moving average of $14.59 and a 200-day moving average of $15.05.

Insider Activity

In other Alpine Income Property Trust news, CEO John P. Albright bought 3,500 shares of the stock in a transaction dated Wednesday, August 6th. The stock was purchased at an average cost of $14.20 per share, for a total transaction of $49,700.00. Following the completion of the acquisition, the chief executive officer owned 11,444 shares of the company's stock, valued at approximately $162,504.80. This trade represents a 44.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.46% of the company's stock.

Hedge Funds Weigh In On Alpine Income Property Trust

A number of hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC raised 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 worth $15,402,000 after acquiring an additional 96,519 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Alpine Income Property Trust by 3.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 332,426 shares of the company's stock worth $4,890,000 after acquiring an additional 11,712 shares during the last quarter. Geode Capital Management LLC raised its holdings in Alpine Income Property Trust by 5.8% in the 2nd quarter. Geode Capital Management LLC now owns 327,734 shares of the company's stock worth $4,822,000 after acquiring an additional 17,947 shares during the last quarter. Gabelli Funds LLC purchased a new position in Alpine Income Property Trust in the 2nd quarter worth approximately $3,621,000. Finally, State of New Jersey Common Pension Fund D raised its holdings in Alpine Income Property Trust by 2.6% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 193,703 shares of the company's stock worth $3,239,000 after acquiring an additional 5,000 shares during the last quarter. 60.50% of the stock is currently owned by hedge funds and other institutional investors.

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.

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