Alpine Income Property Trust, Inc. (NYSE:PINE) Given Average Recommendation of "Buy" by Analysts

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) have earned a consensus rating of "Buy" from the five ratings firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $19.80.

Separately, Jonestrading lowered 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 report on Monday, February 12th.

Institutional Investors Weigh In On Alpine Income Property Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sound Income Strategies LLC lifted its stake in shares of Alpine Income Property Trust by 7.6% in the 4th quarter. Sound Income Strategies LLC now owns 574,075 shares of the company's stock valued at $9,708,000 after acquiring an additional 40,536 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Alpine Income Property Trust by 47.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 73,452 shares of the company's stock valued at $1,242,000 after acquiring an additional 23,595 shares during the last quarter. Penserra Capital Management LLC lifted its stake in shares of Alpine Income Property Trust by 14.4% in the 3rd quarter. Penserra Capital Management LLC now owns 29,426 shares of the company's stock valued at $481,000 after acquiring an additional 3,710 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Alpine Income Property Trust in the 3rd quarter valued at $70,000. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of Alpine Income Property Trust by 4.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 213,000 shares of the company's stock valued at $3,485,000 after acquiring an additional 10,000 shares during the last quarter. 60.50% of the stock is currently owned by institutional investors.

Alpine Income Property Trust Stock Down 1.2 %

Shares of NYSE:PINE traded down $0.18 during midday trading on Thursday, reaching $15.01. The company had a trading volume of 52,490 shares, compared to its average volume of 53,604. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 1.00. The business's 50 day moving average price is $15.56 and its 200 day moving average price is $16.04. The stock has a market cap of $204.44 million, a PE ratio of 79.00, a P/E/G ratio of 1.65 and a beta of 0.80. Alpine Income Property Trust has a 1-year low of $14.25 and a 1-year high of $17.72.

Alpine Income Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 7.33%. The ex-dividend date of this dividend was Wednesday, March 13th. Alpine Income Property Trust's payout ratio is presently 578.98%.

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.