Alpine Income Property Trust, Inc. (NYSE:PINE) Stock Has Consensus Price Target of $20.75

Key Points

• Analysts maintain a bullish outlook: Alpine Income Property Trust has a consensus “Buy” rating from 12 analysts, with an average 12-month price target of $20.75 versus the reported share price of $16.51.
• The company exceeded quarterly expectations, reporting EPS of $0.18 versus the $0.17 consensus estimate and revenue of $20.46 million, slightly above forecasts.
• Institutional investors own approximately 60.5% of PINE, with several funds increasing their positions during the latest reported periods.

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) have been given a consensus recommendation of "Buy" by the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $20.75.

A number of brokerages have issued reports on PINE. JonesTrading decreased their price objective on Alpine Income Property Trust from $23.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, October 23rd. Alliance Global Partners reiterated a "buy" rating on shares of Alpine Income Property Trust in a report on Friday, July 24th. Weiss Ratings cut Alpine Income Property Trust from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, September 21st. Huntington began coverage on Alpine Income Property Trust in a research report on Wednesday, July 15th. They set an "outperform" rating and a $23.00 target price on the stock. Finally, Cantor Fitzgerald decreased their price target on Alpine Income Property Trust from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Wednesday.

Alpine Income Property Trust Trading Up 1.9%

Alpine Income Property Trust stock opened at $16.51 on Friday. The firm has a 50 day moving average of $18.06 and a 200 day moving average of $19.05. The firm has a market capitalization of $296.19 million, a price-to-earnings ratio of 35.89, a P/E/G ratio of 1.05 and a beta of 0.56. Alpine Income Property Trust has a 12-month low of $14.35 and a 12-month high of $21.99. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.08.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last released its earnings results on Thursday, October 22nd. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. Alpine Income Property Trust had a net margin of 16.55% and a return on equity of 3.68%. The company had revenue of $20.46 million for the quarter, compared to analysts' expectations of $20.19 million. As a group, research analysts predict that Alpine Income Property Trust will post 2.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PINE. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Alpine Income Property Trust by 18.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,970 shares of the company's stock worth $242,000 after purchasing an additional 2,138 shares during the period. State of Wyoming increased its holdings in Alpine Income Property Trust by 64.8% during the third quarter. State of Wyoming now owns 41,967 shares of the company's stock valued at $728,000 after buying an additional 16,495 shares during the period. Asset Management One Co. Ltd. increased its holdings in Alpine Income Property Trust by 27.7% during the third quarter. Asset Management One Co. Ltd. now owns 18,066 shares of the company's stock valued at $313,000 after buying an additional 3,919 shares during the period. Oppenheimer & Co. Inc. bought a new position in Alpine Income Property Trust in the third quarter worth approximately $329,000. Finally, Guardian Wealth Management Inc. raised its stake in Alpine Income Property Trust by 7.5% in the second quarter. Guardian Wealth Management Inc. now owns 79,412 shares of the company's stock worth $1,649,000 after buying an additional 5,546 shares in the last quarter. 60.50% of the stock is currently owned by institutional investors.

About Alpine Income Property Trust

Alpine Income Property Trust, Inc is a real estate investment trust (REIT) that owns and manages a portfolio of income-producing commercial properties in the United States. The company primarily invests in single-tenant net lease properties, under which tenants generally assume responsibility for property expenses such as taxes, insurance and maintenance.

Its portfolio has included retail, office and industrial properties leased to tenants across a range of industries. Alpine seeks to generate rental income through long-term leases and may pursue acquisitions, dispositions and other real estate investments intended to support the growth and diversification of its property portfolio.

Alpine Income Property Trust was formed by CTO Realty Growth, Inc and became a publicly traded company in 2019 following its separation from CTO Realty Growth.

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