Alpine Income Property Trust (NYSE:PINE) Price Target Raised to $19.00 at Robert W. Baird

Alpine Income Property Trust (NYSE:PINE) had its target price lifted by Robert W. Baird from $18.00 to $19.00 in a research report released on Monday morning, Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts have also recently commented on the stock. UBS Group initiated coverage on shares of Alpine Income Property Trust in a research note on Monday, October 14th. They issued a “neutral” rating and a $19.00 price target on the stock. Raymond James boosted their price target on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Truist Financial boosted their price target on shares of Alpine Income Property Trust from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. Alliance Global Partners boosted their price target on shares of Alpine Income Property Trust from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Stifel Nicolaus upped their target price on shares of Alpine Income Property Trust from $18.00 to $19.25 and gave the company a “buy” rating in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $19.25.

Alpine Income Property Trust Trading Up 0.3 %

Shares of PINE stock opened at $18.26 on Monday. Alpine Income Property Trust has a 1 year low of $14.25 and a 1 year high of $19.42. The firm has a fifty day moving average price of $18.12 and a 200-day moving average price of $16.57. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.85 and a quick ratio of 3.85. The company has a market cap of $260.57 million, a price-to-earnings ratio of 83.00, a PEG ratio of 1.78 and a beta of 0.80.

Alpine Income Property Trust (NYSE:PINE) last issued its earnings results on Thursday, October 17th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.19). The firm had revenue of $13.48 million during the quarter, compared to the consensus estimate of $12.08 million. Alpine Income Property Trust had a return on equity of 1.23% and a net margin of 6.72%. During the same period in the prior year, the company posted $0.37 EPS. As a group, equities analysts predict that Alpine Income Property Trust will post 1.71 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 12th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 6.13%. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, September 12th. Alpine Income Property Trust’s dividend payout ratio (DPR) is 509.11%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Heartland Advisors Inc. grew its position in shares of Alpine Income Property Trust by 53.0% in the first quarter. Heartland Advisors Inc. now owns 611,900 shares of the company’s stock valued at $9,350,000 after purchasing an additional 211,900 shares during the period. Sound Income Strategies LLC boosted its position in Alpine Income Property Trust by 12.3% during the second quarter. Sound Income Strategies LLC now owns 734,769 shares of the company’s stock worth $11,433,000 after acquiring an additional 80,725 shares during the last quarter. Carlson Capital L P acquired a new position in Alpine Income Property Trust during the first quarter worth about $1,202,000. Kennedy Capital Management LLC boosted its position in Alpine Income Property Trust by 18.6% during the first quarter. Kennedy Capital Management LLC now owns 380,475 shares of the company’s stock worth $5,814,000 after acquiring an additional 59,674 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Alpine Income Property Trust during the second quarter worth about $647,000. Hedge funds and other institutional investors own 60.50% of the company’s stock.

About Alpine Income Property Trust

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.