Alpine Income Property Trust (NYSE:PINE) Price Target Raised to $20.25 at Stifel Nicolaus

Alpine Income Property Trust (NYSE:PINE) had its price objective boosted by investment analysts at Stifel Nicolaus from $19.75 to $20.25 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 9.70% from the stock’s current price.

PINE has been the subject of a number of other reports. B. Riley reiterated a “buy” rating and issued a $20.00 price objective (up from $19.50) on shares of Alpine Income Property Trust in a report on Wednesday, July 24th. Raymond James upped their price objective on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Truist Financial upped their price objective on shares of Alpine Income Property Trust from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Alliance Global Partners upped their price objective on shares of Alpine Income Property Trust from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday. Finally, Robert W. Baird upped their price target on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Monday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.25.

Alpine Income Property Trust Stock Down 0.1 %

PINE stock traded down $0.01 during mid-day trading on Monday, hitting $18.46. The stock had a trading volume of 23,815 shares, compared to its average volume of 57,760. The stock has a market capitalization of $251.61 million, a price-to-earnings ratio of -461.50, a PEG ratio of 1.74 and a beta of 0.80. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.00. Alpine Income Property Trust has a 1-year low of $14.25 and a 1-year high of $19.42. The company has a fifty day moving average of $18.04 and a 200 day moving average of $16.51.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.19). The business had revenue of $13.48 million during the quarter, compared to the consensus estimate of $12.08 million. Alpine Income Property Trust had a negative return on equity of 0.20% and a negative net margin of 1.16%. During the same quarter in the prior year, the company posted $0.37 earnings per share. On average, equities analysts expect that Alpine Income Property Trust will post 1.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Alpine Income Property Trust

Hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers lifted its stake in shares of Alpine Income Property Trust by 8.0% in the second quarter. Rhumbline Advisers now owns 17,197 shares of the company’s stock valued at $268,000 after buying an additional 1,272 shares during the period. Tidal Investments LLC lifted its stake in shares of Alpine Income Property Trust by 5.8% in the first quarter. Tidal Investments LLC now owns 19,466 shares of the company’s stock valued at $297,000 after buying an additional 1,064 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Alpine Income Property Trust in the second quarter valued at about $352,000. Renaissance Technologies LLC bought a new stake in shares of Alpine Income Property Trust in the second quarter valued at about $647,000. Finally, Guardian Wealth Management Inc. lifted its stake in shares of Alpine Income Property Trust by 4.3% in the second quarter. Guardian Wealth Management Inc. now owns 45,681 shares of the company’s stock valued at $711,000 after buying an additional 1,882 shares during the period. 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.