BTIG Research Lowers Alpine Income Property Trust (NYSE:PINE) Price Target to $19.00

Alpine Income Property Trust (NYSE:PINE) had its price target reduced by equities research analysts at BTIG Research from $23.00 to $19.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s target price would suggest a potential upside of 23.22% from the stock’s previous close.

Other analysts also recently issued reports about the company. Jonestrading lowered their price target on Alpine Income Property Trust from $19.00 to $18.00 and set a “buy” rating for the company in a report on Friday, April 19th. Alliance Global Partners started coverage on Alpine Income Property Trust in a report on Thursday, April 11th. They issued a “buy” rating and a $19.00 price target for the company. Finally, Stifel Nicolaus lowered their price target on Alpine Income Property Trust from $19.00 to $18.75 and set a “buy” rating for the company in a report on Friday, April 19th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $18.35.

Alpine Income Property Trust Stock Up 0.9 %

Shares of NYSE PINE opened at $15.42 on Monday. Alpine Income Property Trust has a 12-month low of $14.25 and a 12-month high of $17.72. The company has a market cap of $210.02 million, a P/E ratio of -385.50, a P/E/G ratio of 1.59 and a beta of 0.80. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00. The stock has a fifty day moving average price of $15.43 and a 200 day moving average price of $15.91.

Hedge Funds Weigh In On Alpine Income Property Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in Alpine Income Property Trust by 312.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,910 shares of the company’s stock valued at $49,000 after buying an additional 2,205 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Alpine Income Property Trust during the third quarter worth about $70,000. Nisa Investment Advisors LLC lifted its position in shares of Alpine Income Property Trust by 52.0% during the third quarter. Nisa Investment Advisors LLC now owns 5,113 shares of the company’s stock worth $84,000 after purchasing an additional 1,750 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Alpine Income Property Trust during the fourth quarter worth about $117,000. Finally, Private Advisor Group LLC lifted its position in shares of Alpine Income Property Trust by 19.5% during the third quarter. Private Advisor Group LLC now owns 13,542 shares of the company’s stock worth $222,000 after purchasing an additional 2,207 shares during the last quarter. 60.50% of the stock is owned by hedge funds and other institutional investors.

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.