Stifel Nicolaus Trims Alpine Income Property Trust (NYSE:PINE) Target Price to $18.75

Alpine Income Property Trust (NYSE:PINE) had its target price dropped by investment analysts at Stifel Nicolaus from $19.00 to $18.75 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 25.84% from the company’s current price.

PINE has been the topic of a number of other reports. Alliance Global Partners assumed coverage on Alpine Income Property Trust in a research report on Thursday, April 11th. They set a “buy” rating and a $19.00 target price on the stock. Jonestrading lowered their target price on Alpine Income Property Trust from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday, February 12th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $19.15.

Alpine Income Property Trust Stock Performance

Alpine Income Property Trust stock traded up $0.35 during mid-day trading on Friday, hitting $14.90. 46,938 shares of the company’s stock traded hands, compared to its average volume of 53,147. The firm has a 50 day moving average price of $15.46 and a 200 day moving average price of $15.94. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 1.00. The company has a market cap of $202.94 million, a PE ratio of 78.53, a price-to-earnings-growth ratio of 1.57 and a beta of 0.80. Alpine Income Property Trust has a one year low of $14.25 and a one year high of $17.72.

Institutional Investors Weigh In On Alpine Income Property Trust

Large investors have recently modified their holdings of the stock. Sound Income Strategies LLC grew its position in Alpine Income Property Trust by 13.9% during the 1st quarter. Sound Income Strategies LLC now owns 654,044 shares of the company’s stock worth $9,994,000 after acquiring an additional 79,969 shares during the last quarter. Vanguard Group Inc. grew its position in Alpine Income Property Trust by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 749,041 shares of the company’s stock worth $12,666,000 after acquiring an additional 17,659 shares during the last quarter. Barclays PLC grew its position in Alpine Income Property Trust by 673.0% during the 4th quarter. Barclays PLC now owns 17,370 shares of the company’s stock worth $294,000 after acquiring an additional 15,123 shares during the last quarter. Nuveen Asset Management LLC grew its position in Alpine Income Property Trust by 18.5% during the 4th quarter. Nuveen Asset Management LLC now owns 52,115 shares of the company’s stock worth $881,000 after acquiring an additional 8,150 shares during the last quarter. Finally, Guardian Wealth Management Inc. grew its position in Alpine Income Property Trust by 3.0% during the 4th quarter. Guardian Wealth Management Inc. now owns 38,927 shares of the company’s stock worth $658,000 after acquiring an additional 1,138 shares during the last quarter. 60.50% of the stock is currently owned by 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.