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

Alpine Income Property Trust, Inc. (NYSE:PINE) has earned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $19.25.

Separately, Stifel Nicolaus cut their target price on shares of Alpine Income Property Trust from $19.50 to $19.25 and set a “buy” rating on the stock in a research note on Thursday.

Insider Buying and Selling

In other news, Director Andrew C. Richardson sold 2,000 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $16.64, for a total transaction of $33,280.00. Following the completion of the transaction, the director now directly owns 17,143 shares in the company, valued at approximately $285,259.52. The trade was a 10.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.74% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alpine Income Property Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriflex Group Inc. bought a new position in shares of Alpine Income Property Trust during the fourth quarter worth approximately $43,000. Public Employees Retirement System of Ohio raised its position in Alpine Income Property Trust by 153.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 8,960 shares of the company’s stock worth $150,000 after purchasing an additional 5,422 shares during the last quarter. Virtus Investment Advisers Inc. acquired a new stake in shares of Alpine Income Property Trust during the fourth quarter worth $94,000. Two Sigma Advisers LP bought a new position in Alpine Income Property Trust during the fourth quarter worth $452,000. Finally, Two Sigma Investments LP grew its position in Alpine Income Property Trust by 64.4% in the 4th quarter. Two Sigma Investments LP now owns 32,071 shares of the company’s stock valued at $538,000 after purchasing an additional 12,566 shares during the period. 60.50% of the stock is owned by institutional investors.

Alpine Income Property Trust Stock Down 0.7 %

NYSE PINE traded down $0.12 on Thursday, hitting $16.61. The stock had a trading volume of 11,288 shares, compared to its average volume of 72,096. The stock has a market cap of $244.03 million, a price-to-earnings ratio of 118.64, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.94 and a quick ratio of 0.94. Alpine Income Property Trust has a 52-week low of $14.33 and a 52-week high of $19.42. The business’s fifty day moving average price is $16.50 and its 200 day moving average price is $17.14.

Alpine Income Property Trust (NYSE:PINE) last released its earnings results on Thursday, February 6th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.40. Alpine Income Property Trust had a return on equity of 0.76% and a net margin of 3.96%. Equities research analysts anticipate that Alpine Income Property Trust will post 1.74 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 6.86%. The ex-dividend date was Thursday, March 13th. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.28. Alpine Income Property Trust’s dividend payout ratio is 814.29%.

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.