Alpine Income Property Trust (NYSE:PINE) Rating Lowered to Hold at Zacks Research

Alpine Income Property Trust (NYSE:PINE) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other equities analysts have also recently commented on the stock. Jones Trading reissued a “buy” rating and set a $19.00 target price on shares of Alpine Income Property Trust in a research report on Monday, October 27th. Industrial Alliance Securities set a $18.50 price objective on Alpine Income Property Trust in a research report on Monday, November 17th. Alliance Global Partners reaffirmed a “neutral” rating on shares of Alpine Income Property Trust in a research report on Monday, November 17th. Stifel Nicolaus boosted their price target on shares of Alpine Income Property Trust from $17.50 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Alpine Income Property Trust in a research report on Monday. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $17.88.

Alpine Income Property Trust Stock Performance

Shares of PINE opened at $16.29 on Monday. Alpine Income Property Trust has a 52 week low of $13.10 and a 52 week high of $17.88. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a 50 day moving average price of $15.95 and a two-hundred day moving average price of $15.07. The firm has a market capitalization of $230.61 million, a P/E ratio of -46.53, a P/E/G ratio of 1.50 and a beta of 0.56.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings results on Thursday, October 23rd. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.52). Alpine Income Property Trust had a negative net margin of 8.86% and a negative return on equity of 1.96%. The company had revenue of $14.56 million during the quarter, compared to analysts’ expectations of $14.67 million. Alpine Income Property Trust has set its FY 2025 guidance at 1.820-1.850 EPS. Equities analysts forecast that Alpine Income Property Trust will post 1.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alpine Income Property Trust

A number of large investors have recently made changes to their positions in PINE. Hsbc Holdings PLC lifted its holdings in Alpine Income Property Trust by 85.5% during the 1st quarter. Hsbc Holdings PLC now owns 19,588 shares of the company’s stock worth $328,000 after purchasing an additional 9,028 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Alpine Income Property Trust during the first quarter valued at about $1,112,000. Rhumbline Advisers lifted its holdings in shares of Alpine Income Property Trust by 3.7% in the first quarter. Rhumbline Advisers now owns 20,652 shares of the company’s stock worth $345,000 after buying an additional 736 shares in the last quarter. Truvestments Capital LLC boosted its position in shares of Alpine Income Property Trust by 2,385.0% in the first quarter. Truvestments Capital LLC now owns 192,363 shares of the company’s stock valued at $3,216,000 after acquiring an additional 184,622 shares during the period. Finally, Sound Income Strategies LLC boosted its position in shares of Alpine Income Property Trust by 7.6% in the third quarter. Sound Income Strategies LLC now owns 1,126,174 shares of the company’s stock valued at $15,001,000 after acquiring an additional 79,119 shares during the period. 60.50% of the stock is owned by institutional investors.

Alpine Income Property Trust Company Profile

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.