Alpine Income Property Trust, Inc. (NYSE:PINE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE) have received an average rating of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $19.25.

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

Insider Buying and Selling

In other news, Director Andrew C. Richardson sold 2,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $16.64, for a total transaction of $33,280.00. Following the transaction, the director now owns 17,143 shares in the company, valued at approximately $285,259.52. This trade represents a 10.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.74% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PINE. Martingale Asset Management L P purchased a new stake in shares of Alpine Income Property Trust in the third quarter valued at about $441,000. Jacobs Levy Equity Management Inc. purchased a new stake in Alpine Income Property Trust in the third quarter worth $336,000. Quadrature Capital Ltd purchased a new stake in Alpine Income Property Trust in the third quarter worth about $239,000. State Street Corp grew its position in Alpine Income Property Trust by 18.7% in the 3rd quarter. State Street Corp now owns 272,081 shares of the company’s stock worth $4,952,000 after purchasing an additional 42,889 shares during the period. Finally, Jane Street Group LLC raised its holdings in Alpine Income Property Trust by 216.2% in the 3rd quarter. Jane Street Group LLC now owns 43,486 shares of the company’s stock worth $791,000 after purchasing an additional 29,735 shares during the period. Institutional investors and hedge funds own 60.50% of the company’s stock.

Alpine Income Property Trust Price Performance

Shares of NYSE:PINE traded down $0.12 during trading on Thursday, reaching $16.61. The company had a trading volume of 11,288 shares, compared to its average volume of 72,096. The company has a fifty day moving average of $16.50 and a two-hundred day moving average of $17.14. The stock has a market capitalization of $244.03 million, a P/E ratio of 118.64, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82. Alpine Income Property Trust has a 12 month low of $14.33 and a 12 month high of $19.42. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09.

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

Alpine Income Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 13th were given a dividend of $0.285 per share. This is a boost from Alpine Income Property Trust’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.14 dividend on an annualized basis and a yield of 6.86%. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently 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.