Alpine Income Property Trust (NYSE:PINE) Given New $17.50 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus has reduced its price target for Alpine Income Property Trust (NYSE:PINE) from $18.50 to $17.50, while maintaining a "buy" rating on the stock, indicating a potential upside of 22.85% from its previous close.
• Several other brokerages have issued varying price targets, with a consensus target price of $18.56 and a majority showing a "buy" rating.
• Alpine Income Property Trust shares traded down to $14.25, with significant fluctuations as indicated by its 1-year low of $14.07 and high of $19.42.
• Over 60% of Alpine Income Property Trust's shares are currently owned by institutional investors, showcasing strong interest from hedge funds and investment firms.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) had its price objective decreased by equities researchers at Stifel Nicolaus from $18.50 to $17.50 in a report issued on Friday, July 25th, Marketbeat.com reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' target price would indicate a potential upside of 24.56% from the stock's current price.

Other equities analysts have also issued reports about the company. Industrial Alliance Securities set a $19.00 target price on Alpine Income Property Trust in a research report on Friday, April 25th. Jones Trading reduced their target price on Alpine Income Property Trust from $22.00 to $20.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Alliance Global Partners reaffirmed a "buy" rating on shares of Alpine Income Property Trust in a report on Friday, April 25th. Finally, UBS Group reduced their target price on Alpine Income Property Trust from $16.00 to $15.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $18.50.

Alpine Income Property Trust Price Performance

PINE stock opened at $14.05 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.85 and a current ratio of 0.85. Alpine Income Property Trust has a 1 year low of $13.95 and a 1 year high of $19.42. The firm has a market cap of $198.92 million, a P/E ratio of -281.00, a price-to-earnings-growth ratio of 1.33 and a beta of 0.58. The stock has a 50-day simple moving average of $14.82 and a 200-day simple moving average of $15.69.

Institutional Trading of Alpine Income Property Trust

Several hedge funds have recently added to or reduced their stakes in PINE. Strs Ohio acquired a new stake in Alpine Income Property Trust during the 1st quarter worth about $42,000. Ameriflex Group Inc. acquired a new stake in Alpine Income Property Trust during the 4th quarter valued at $43,000. BNP Paribas Financial Markets bought a new position in shares of Alpine Income Property Trust in the 4th quarter worth $44,000. GAMMA Investing LLC raised its stake in Alpine Income Property Trust by 9,844.7% during the 1st quarter. GAMMA Investing LLC now owns 3,779 shares of the company's stock worth $63,000 after buying an additional 3,741 shares during the period. Finally, Resona Asset Management Co. Ltd. acquired a new stake in shares of Alpine Income Property Trust in the 4th quarter valued at about $75,000. 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.