Alpine Income Property Trust, Inc. (NYSE:PINE) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts rate Alpine Income Property Trust “Moderate Buy”: Five analysts recommend buying, two strongly recommend buying, and four rate the stock a hold. The average 12-month price target is $21.50, compared with a recent price of $18.89.
• Quarterly results exceeded expectations: Alpine reported earnings of $0.16 per share versus the $0.14 consensus estimate, while revenue reached $20.0 million against expectations of $18.85 million.
• The company increased its dividend: The quarterly payout rose from $0.30 to $0.32 per share, representing an annualized dividend of $1.28 and a yield of approximately 6.8%.

Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eleven brokerages that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $21.50.

Several research firms have recently weighed in on PINE. Truist Financial decreased their target price on Alpine Income Property Trust from $21.00 to $20.00 and set a "hold" rating for the company in a research report on Thursday, May 21st. Stifel Nicolaus raised their price target on shares of Alpine Income Property Trust from $21.50 to $22.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. Alliance Global Partners reiterated a "buy" rating on shares of Alpine Income Property Trust in a report on Friday, July 24th. Weiss Ratings raised shares of Alpine Income Property Trust from a "hold (c-)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Finally, JonesTrading upped their target price on shares of Alpine Income Property Trust from $22.00 to $23.00 and gave the stock a "buy" rating in a research note on Friday, July 24th.

Alpine Income Property Trust Stock Performance

Shares of NYSE:PINE opened at $18.89 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.03. Alpine Income Property Trust has a 12 month low of $13.10 and a 12 month high of $21.99. The company has a market capitalization of $332.75 million, a price-to-earnings ratio of 99.40, a PEG ratio of 1.29 and a beta of 0.54. The firm's 50-day moving average is $20.07 and its 200 day moving average is $19.57.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Alpine Income Property Trust had a return on equity of 2.11% and a net margin of 9.36%.The firm had revenue of $20.00 million for the quarter, compared to analysts' expectations of $18.85 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.120-2.150 EPS. Research analysts predict that Alpine Income Property Trust will post 2.16 EPS for the current year.

Alpine Income Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a $0.32 dividend. The ex-dividend date is Thursday, September 10th. This is a positive change from Alpine Income Property Trust's previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.8%. Alpine Income Property Trust's dividend payout ratio (DPR) is presently 631.58%.

Insider Activity

In related news, Director Andrew Richardson sold 2,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $20.28, for a total value of $40,560.00. Following the transaction, the director owned 8,425 shares of the company's stock, valued at $170,859. This represents a 19.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.60% of the company's stock.

Institutional Investors Weigh In On Alpine Income Property Trust

A number of institutional investors and hedge funds have recently bought and sold shares of PINE. BlackRock Inc. purchased a new position in Alpine Income Property Trust during the second quarter valued at approximately $28,048,000. Heartland Advisors Inc. purchased a new stake in Alpine Income Property Trust during the second quarter worth $9,449,000. Invesco Ltd. boosted its position in Alpine Income Property Trust by 1,344.2% during the 4th quarter. Invesco Ltd. now owns 441,935 shares of the company's stock valued at $7,389,000 after acquiring an additional 411,334 shares in the last quarter. AlphaCentric Advisors LLC bought a new stake in Alpine Income Property Trust during the 4th quarter valued at $1,884,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Alpine Income Property Trust in the 2nd quarter valued at $1,813,000. 60.50% of the stock is owned by institutional investors.

About Alpine Income Property Trust

Alpine Income Property Trust, Inc is a publicly traded real estate investment trust that specializes in acquiring, owning and managing single-tenant net lease properties. The company focuses on sale-leaseback and build-to-suit transactions with food and beverage companies, targeting facilities that support production, distribution and processing operations. By structuring long-term, triple-net leases, Alpine Income Property Trust seeks to deliver stable, predictable cash flow while allowing tenants to unlock capital from real estate assets and reinvest in their core businesses.

The company’s portfolio is diversified across multiple U.S.

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