Alpine Income Property Trust, Inc. (NYSE:PINE) Stock Has Average Price Target of $20.75

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE) have earned a consensus recommendation of “Buy” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $20.50.

A number of equities analysts have issued reports on PINE shares. Alliance Global Partners reissued a “buy” rating on shares of Alpine Income Property Trust in a report on Friday, July 24th. Stifel Nicolaus lowered their target price on Alpine Income Property Trust from $21.25 to $20.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Weiss Ratings cut Alpine Income Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, September 21st. JonesTrading dropped their price target on Alpine Income Property Trust from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Finally, Zacks Research upgraded shares of Alpine Income Property Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Alpine Income Property Trust during the 2nd quarter valued at $28,048,000. Bank of New York Mellon Corp bought a new stake in shares of Alpine Income Property Trust during the 2nd quarter worth $1,813,000. Globeflex Capital L P acquired a new position in shares of Alpine Income Property Trust in the 2nd quarter worth $1,535,000. Renaissance Technologies LLC grew its holdings in shares of Alpine Income Property Trust by 87.1% in the 1st quarter. Renaissance Technologies LLC now owns 121,200 shares of the company’s stock worth $2,182,000 after acquiring an additional 56,422 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in Alpine Income Property Trust in the 2nd quarter worth about $1,267,000. 60.50% of the stock is owned by institutional investors and hedge funds.

Alpine Income Property Trust Price Performance

PINE stock opened at $16.67 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.08. Alpine Income Property Trust has a 52-week low of $14.85 and a 52-week high of $21.99. The stock’s 50 day moving average is $17.76 and its two-hundred day moving average is $19.04. The company has a market capitalization of $299.15 million, a PE ratio of 36.25, a P/E/G ratio of 1.10 and a beta of 0.59.

Alpine Income Property Trust (NYSE:PINE) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. Alpine Income Property Trust had a net margin of 16.55% and a return on equity of 3.68%. The company had revenue of $20.46 million during the quarter, compared to analyst estimates of $20.19 million. Analysts predict that Alpine Income Property Trust will post 2.20 earnings per share for the current fiscal year.

About Alpine Income Property Trust

Alpine Income Property Trust, Inc is a real estate investment trust (REIT) that owns and manages a portfolio of income-producing commercial properties in the United States. The company primarily invests in single-tenant net lease properties, under which tenants generally assume responsibility for property expenses such as taxes, insurance and maintenance.

Its portfolio has included retail, office and industrial properties leased to tenants across a range of industries. Alpine seeks to generate rental income through long-term leases and may pursue acquisitions, dispositions and other real estate investments intended to support the growth and diversification of its property portfolio.

Alpine Income Property Trust was formed by CTO Realty Growth, Inc and became a publicly traded company in 2019 following its separation from CTO Realty Growth.