Alpine Income Property Trust (NYSE:PINE) PT Lowered to $19.00 at BTIG Research

Alpine Income Property Trust (NYSE:PINE - Get Free Report) had its price objective dropped by investment analysts at BTIG Research from $23.00 to $19.00 in a report issued on Monday, Benzinga reports. The firm presently has a "buy" rating on the stock. BTIG Research's target price indicates a potential upside of 24.26% from the company's current price.

PINE has been the subject of a number of other research reports. Stifel Nicolaus reduced their price target on Alpine Income Property Trust from $19.00 to $18.75 and set a "buy" rating for the company in a report on Friday. Jonestrading dropped their price target on Alpine Income Property Trust from $19.00 to $18.00 and set a "buy" rating for the company in a research report on Friday. Finally, Alliance Global Partners started coverage on Alpine Income Property Trust in a report on Thursday, April 11th. They issued a "buy" rating and a $19.00 price objective on the stock. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $18.35.

Alpine Income Property Trust Stock Up 2.8 %

Shares of Alpine Income Property Trust stock traded up $0.42 during trading on Monday, reaching $15.29. The company's stock had a trading volume of 76,099 shares, compared to its average volume of 54,144. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. The company has a market cap of $208.25 million, a price-to-earnings ratio of -382.25, a P/E/G ratio of 1.59 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. The company has a 50-day simple moving average of $15.45 and a two-hundred day simple moving average of $15.93.

Hedge Funds Weigh In On Alpine Income Property Trust

Several large investors have recently bought and sold shares of the business. Guardian Wealth Management Inc. increased its stake in shares of Alpine Income Property Trust by 3.0% during the 4th quarter. Guardian Wealth Management Inc. now owns 38,927 shares of the company's stock worth $658,000 after purchasing an additional 1,138 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in Alpine Income Property Trust by 0.7% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 210,880 shares of the company's stock worth $3,450,000 after acquiring an additional 1,485 shares during the period. Nisa Investment Advisors LLC grew its stake in Alpine Income Property Trust by 52.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,113 shares of the company's stock worth $84,000 after acquiring an additional 1,750 shares during the period. Boston Partners grew its stake in shares of Alpine Income Property Trust by 3.2% during the 3rd quarter. Boston Partners now owns 65,855 shares of the company's stock valued at $1,077,000 after buying an additional 2,037 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of Alpine Income Property Trust by 312.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,910 shares of the company's stock valued at $49,000 after buying an additional 2,205 shares during the period. Hedge funds and other institutional investors own 60.50% of the company's stock.

Alpine Income Property Trust Company Profile

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.