Alpine Income Property Trust (NYSE:PINE) Given New $20.00 Price Target at Truist Financial

Alpine Income Property Trust (NYSE:PINE) had its target price cut by equities research analysts at Truist Financial from $21.00 to $20.00 in a research report issued to clients and investors on Thursday, Marketbeat reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential upside of 5.60% from the company’s current price.

A number of other research firms have also recently commented on PINE. B. Riley Financial reissued a “buy” rating on shares of Alpine Income Property Trust in a research note on Thursday, February 5th. Cantor Fitzgerald upgraded Alpine Income Property Trust to a “strong-buy” rating in a report on Wednesday, February 4th. JonesTrading reiterated a “buy” rating and set a $22.00 price objective on shares of Alpine Income Property Trust in a research note on Friday, April 24th. iA Financial set a $21.00 target price on Alpine Income Property Trust in a report on Friday, February 6th. Finally, Zacks Research downgraded Alpine Income Property Trust from a “strong-buy” rating to a “hold” rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $20.21.

Alpine Income Property Trust Price Performance

PINE traded down $0.17 during trading on Thursday, hitting $18.94. The company’s stock had a trading volume of 32,965 shares, compared to its average volume of 176,875. The firm has a market capitalization of $312.89 million, a price-to-earnings ratio of -210.27, a P/E/G ratio of 1.28 and a beta of 0.56. Alpine Income Property Trust has a twelve month low of $13.10 and a twelve month high of $20.80. The business’s fifty day simple moving average is $18.96 and its 200 day simple moving average is $18.08. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 1.08.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $18.41 million during the quarter, compared to analyst estimates of $17.62 million. Alpine Income Property Trust had a net margin of 1.09% and a return on equity of 0.25%. Alpine Income Property Trust has set its FY 2026 guidance at 2.110-2.150 EPS. On average, equities research analysts forecast that Alpine Income Property Trust will post 2.14 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Andrew C. Richardson sold 3,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $19.35, for a total value of $58,050.00. Following the sale, the director directly owned 14,376 shares in the company, valued at approximately $278,175.60. The trade was a 17.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC lifted its holdings in shares of Alpine Income Property Trust by 55.9% in the 1st quarter. Jane Street Group LLC now owns 22,479 shares of the company’s stock worth $376,000 after acquiring an additional 8,061 shares during the last quarter. Strs Ohio purchased a new position in shares of Alpine Income Property Trust during the first quarter worth $42,000. Geode Capital Management LLC grew its stake in shares of Alpine Income Property Trust by 5.8% in the second quarter. Geode Capital Management LLC now owns 327,734 shares of the company’s stock valued at $4,822,000 after buying an additional 17,947 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Alpine Income Property Trust by 36.5% in the second quarter. Rhumbline Advisers now owns 28,181 shares of the company’s stock valued at $415,000 after buying an additional 7,529 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of Alpine Income Property Trust by 42.3% in the 2nd quarter. Hsbc Holdings PLC now owns 27,866 shares of the company’s stock valued at $412,000 after buying an additional 8,278 shares during the period. Hedge funds and other institutional investors own 60.50% of the company’s stock.

About Alpine Income Property Trust

Alpine Income Property Trust, Inc is a publicly traded real estate investment trust that specializes in acquiring, owning and managing single-tenant net lease properties. The company focuses on sale-leaseback and build-to-suit transactions with food and beverage companies, targeting facilities that support production, distribution and processing operations. By structuring long-term, triple-net leases, Alpine Income Property Trust seeks to deliver stable, predictable cash flow while allowing tenants to unlock capital from real estate assets and reinvest in their core businesses.

The company’s portfolio is diversified across multiple U.S.