Alpine Income Property Trust, Inc. (NYSE: PIN – Get a rating) earned an average “Buy” recommendation from the seven brokerages that currently cover the business, MarketBeat.com reports. Two analysts rated the stock with a hold recommendation and three gave the company a buy recommendation. The 12-month average price target among brokerages that updated their coverage on the stock in the past year is $20.81.
A number of analysts have published reports on the company. Truist Financial assumed cover for Alpine Income Property Trust in a Thursday, January 27 report. They issued a “holding” rating and a target price of $20.00 on the stock. Jonestrading began covering Alpine Income Property Trust in a report on Wednesday February 2. They have set a “buy” rating and a price target of $23.00 on the stock. TheStreet downgraded Alpine Income Property Trust from a ‘c’ rating to a ‘d+’ rating in a Friday May 13 report. To finish, Zacks Investment Research downgraded Alpine Income Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, April 27.
In other news, major shareholder Cto Realty Growth, Inc. purchased 7,400 shares of the company in a transaction dated Monday, April 11. The stock was purchased at an average price of $18.35 per share, for a total transaction of $135,790.00. Following completion of the transaction, the insider now directly owns 836,043 shares of the company, valued at approximately $15,341,389.05. The acquisition was disclosed in a filing with the Securities & Exchange Commission, available at this hyperlink. Additionally, SVP Daniel Earl Smith purchased 2,000 shares of the company in a trade dated Thursday, March 24. The shares were purchased at an average price of $18.60 per share, with a total value of $37,200.00. Disclosure of this purchase can be found here. Last quarter, insiders acquired 35,764 shares of the company valued at $656,058. Company insiders own 0.50% of the company’s shares.
Institutional investors have recently changed their positions in the stock. JPMorgan Chase & Co. acquired a new stake in shares of Alpine Income Property Trust during the fourth quarter worth $58,000. Penserra Capital Management LLC acquired a new stake in shares of Alpine Income Property Trust during the third quarter at a value of $86,000. The Alaska State Department of Revenue acquired a new position in Alpine Income Property Trust in the fourth quarter, valued at around $103,000. Advisor Group Holdings Inc. increased its stake in Alpine Income Property Trust by 63.0% in the third quarter. Advisor Group Holdings Inc. now owns 6,926 shares of the company valued at $126,000 after acquiring 2,676 additional shares during the period. Finally, RiverPark Advisors LLC acquired a new position in Alpine Income Property Trust in the first quarter worth approximately $137,000. 55.94% of the shares are held by institutional investors and hedge funds.
Shares of PIN NYSE opened at $18.79 on Thursday. The company has a debt ratio of 1.34, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $222.34 million, a price/earnings ratio of 23.49, a P/E/G ratio of 1.93 and a beta of 0.82. The company’s 50-day simple moving average is $18.76 and its 200-day simple moving average is $18.96. Alpine Income Property Trust has a 52 week low of $17.30 and a 52 week high of $21.07.
Alpine Income Property Trust (NYSE: PIN – Get a rating) last reported results on Thursday, April 21. The company reported earnings per share (EPS) of $0.06 for the quarter, missing analyst consensus estimates of $0.43 per ($0.37). Alpine Income Property Trust had a net margin of 29.48% and a return on equity of 4.58%. During the same period last year, the company posted earnings per share of $0.42. As a group, equity research analysts expect Alpine Income Property Trust to post 1.63 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Thursday, March 10 received a dividend of $0.27. The ex-dividend date was Wednesday, March 9. This represents an annualized dividend of $1.08 and a yield of 5.75%. The payout rate of Alpine Income Property Trust is 135.00%.
Company Profile Alpine Income Property Trust (Get a rating)
Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that acquires, owns and operates a portfolio of high-quality, single-tenant commercial income properties.
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