Alpine Income Property Trust (NYSE:PINE) Price Target Cut to $18.00

Alpine Income Property Trust (NYSE:PINE - Get Free Report) had its price target lowered by stock analysts at Jonestrading from $19.00 to $18.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Jonestrading's price target would suggest a potential upside of 21.21% from the company's current price.

A number of other brokerages have also weighed in on PINE. Alliance Global Partners began coverage on shares of Alpine Income Property Trust in a research note on Thursday, April 11th. They issued a "buy" rating and a $19.00 price target for the company. Stifel Nicolaus cut their target price on Alpine Income Property Trust from $19.00 to $18.75 and set a "buy" rating for the company in a research report on Friday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Alpine Income Property Trust has an average rating of "Buy" and a consensus price target of $19.15.

Alpine Income Property Trust Price Performance

PINE stock traded up $0.30 during trading on Friday, hitting $14.85. The company had a trading volume of 97,906 shares, compared to its average volume of 53,855. The business has a 50 day moving average of $15.46 and a 200 day moving average of $15.94. The firm has a market capitalization of $202.26 million, a price-to-earnings ratio of 78.53, a P/E/G ratio of 1.57 and a beta of 0.80. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 1.00. Alpine Income Property Trust has a fifty-two week low of $14.25 and a fifty-two week high of $17.72.

Institutional Trading of Alpine Income Property Trust

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in shares of Alpine Income Property Trust by 359.8% in the 2nd quarter. BlackRock Inc. now owns 830,771 shares of the company's stock valued at $13,500,000 after purchasing an additional 650,088 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Alpine Income Property Trust by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 749,041 shares of the company's stock worth $12,666,000 after buying an additional 17,659 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of Alpine Income Property Trust by 13.9% in the first quarter. Sound Income Strategies LLC now owns 654,044 shares of the company's stock worth $9,994,000 after buying an additional 79,969 shares during the period. Ancora Advisors LLC increased its position in shares of Alpine Income Property Trust by 34.9% in the first quarter. Ancora Advisors LLC now owns 433,370 shares of the company's stock worth $7,294,000 after acquiring an additional 112,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Alpine Income Property Trust by 143.2% during the second quarter. Geode Capital Management LLC now owns 287,583 shares of the company's stock valued at $4,673,000 after acquiring an additional 169,341 shares during the period. 60.50% of the stock is currently owned by 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.