Alpine Income Property Trust, Inc. (NYSE:PINE) Given Consensus Rating of “Moderate Buy” by Brokerages

Alpine Income Property Trust, Inc. (NYSE:PINE) has been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $21.50.

PINE has been the topic of a number of research analyst reports. Robert W. Baird restated a “neutral” rating and issued a $21.00 target price (up from $18.00) on shares of Alpine Income Property Trust in a research report on Monday, June 29th. Zacks Research downgraded Alpine Income Property Trust from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Huntington began coverage on shares of Alpine Income Property Trust in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $23.00 price target on the stock. Alliance Global Partners reiterated a “buy” rating on shares of Alpine Income Property Trust in a report on Friday, July 24th. Finally, Truist Financial cut their target price on Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, May 21st.

Alpine Income Property Trust Stock Down 0.2%

Shares of NYSE:PINE opened at $18.27 on Thursday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.03. The business has a fifty day moving average of $19.94 and a two-hundred day moving average of $19.54. Alpine Income Property Trust has a 52-week low of $13.10 and a 52-week high of $21.99. The stock has a market cap of $322.02 million, a P/E ratio of 96.19, a PEG ratio of 1.21 and a beta of 0.54.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Alpine Income Property Trust had a net margin of 9.36% and a return on equity of 2.11%. The firm had revenue of $20.00 million for the quarter, compared to analyst estimates of $18.85 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.120-2.150 EPS. On average, research analysts expect that Alpine Income Property Trust will post 2.16 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This is a boost from Alpine Income Property Trust’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.0%. Alpine Income Property Trust’s payout ratio is presently 673.68%.

Insider Activity

In related news, Director Andrew Richardson sold 2,000 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $20.28, for a total transaction of $40,560.00. Following the transaction, the director owned 8,425 shares of the company’s stock, valued at approximately $170,859. This represents a 19.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Alpine Income Property Trust

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Alpine Income Property Trust during the 2nd quarter worth approximately $28,048,000. Heartland Advisors Inc. purchased a new position in Alpine Income Property Trust in the 2nd quarter valued at approximately $9,449,000. Bank of New York Mellon Corp acquired a new position in shares of Alpine Income Property Trust in the second quarter worth $1,813,000. Globeflex Capital L P acquired a new position in shares of Alpine Income Property Trust in the second quarter worth $1,535,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Alpine Income Property Trust during the second quarter worth $1,267,000. 60.50% of the stock is owned by institutional investors and hedge funds.

Alpine Income Property Trust Company Profile

Alpine Income Property Trust, Inc is a real estate investment trust (REIT) that acquires, owns and operates a portfolio of income-producing commercial properties. The company primarily invests in single-tenant retail and office properties that are generally leased under long-term net lease agreements, under which tenants typically assume responsibility for property taxes, insurance and maintenance expenses.

Alpine’s properties are located across the United States and are leased to a range of national, regional and local tenants.