Alliance Global Partners began coverage on shares of Alpine Income Property Trust (NYSE:PINE – Free Report) in a research note released on Thursday morning, MarketBeat reports. The brokerage issued a buy rating and a $19.00 target price on the stock.
Separately, Jonestrading reduced their price target on shares of Alpine Income Property Trust from $20.00 to $19.00 and set a buy rating on the stock in a research report on Monday, February 12th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Alpine Income Property Trust presently has an average rating of Buy and a consensus target price of $19.60.
Get Our Latest Analysis on PINE
Alpine Income Property Trust Price Performance
Alpine Income Property Trust Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 7.22%. The ex-dividend date of this dividend was Wednesday, March 13th. Alpine Income Property Trust’s dividend payout ratio is presently 578.98%.
Hedge Funds Weigh In On Alpine Income Property Trust
A number of large investors have recently bought and sold shares of PINE. Royal Bank of Canada grew its holdings in shares of Alpine Income Property Trust by 5.2% in the third quarter. Royal Bank of Canada now owns 11,396 shares of the company’s stock worth $185,000 after purchasing an additional 565 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Alpine Income Property Trust by 17.5% during the 4th quarter. JPMorgan Chase & Co. now owns 4,275 shares of the company’s stock valued at $82,000 after buying an additional 636 shares during the period. UBS Group AG grew its holdings in Alpine Income Property Trust by 3.0% in the 1st quarter. UBS Group AG now owns 24,253 shares of the company’s stock worth $455,000 after acquiring an additional 703 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Alpine Income Property Trust by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 61,910 shares of the company’s stock worth $1,005,000 after acquiring an additional 738 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Alpine Income Property Trust by 2.9% in the third quarter. Rhumbline Advisers now owns 27,151 shares of the company’s stock valued at $444,000 after acquiring an additional 754 shares during the period. 60.50% of the stock is owned by hedge funds and other institutional investors.
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.
See Also
- Five stocks we like better than Alpine Income Property Trust
- What is MarketRank™? How to Use it
- 5 Trends You Need to Know This Quarter
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- MarketBeat Week in Review – 4/8 – 4/12
- The Significance of Brokerage Rankings in Stock Selection
- You Can Follow BlackRock’s Market View for Your Money
Receive News & Ratings for Alpine Income Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alpine Income Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.