Alpine Income Property Trust (NYSE:PINE) PT Lowered to $19.00

Alpine Income Property Trust (NYSE:PINE) had its target price decreased by BTIG Research from $23.00 to $19.00 in a research report released on Monday morning, Benzinga reports. BTIG Research currently has a buy rating on the stock.

A number of other research analysts have also weighed in on the stock. Jonestrading dropped their price objective on shares of Alpine Income Property Trust from $19.00 to $18.00 and set a buy rating on the stock in a research note on Friday, April 19th. Alliance Global Partners began coverage on shares of Alpine Income Property Trust in a research note on Thursday, April 11th. They issued a buy rating and a $19.00 price objective on the stock. Finally, Stifel Nicolaus lowered their target price on shares of Alpine Income Property Trust from $19.00 to $18.75 and set a buy rating for the company in a report on Friday, April 19th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of $18.35.

Alpine Income Property Trust Stock Down 0.7 %

Alpine Income Property Trust stock opened at $14.96 on Monday. Alpine Income Property Trust has a 1-year low of $14.25 and a 1-year high of $17.72. The firm has a market capitalization of $203.76 million, a price-to-earnings ratio of -374.00, a price-to-earnings-growth ratio of 1.65 and a beta of 0.80. The firm’s fifty day moving average price is $15.40 and its two-hundred day moving average price is $15.90. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00.

Alpine Income Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.10 annualized dividend and a dividend yield of 7.35%. Alpine Income Property Trust’s dividend payout ratio is currently -2,750.00%.

Institutional Trading of Alpine Income Property Trust

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its holdings in Alpine Income Property Trust by 312.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,910 shares of the company’s stock worth $49,000 after buying an additional 2,205 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Alpine Income Property Trust during the third quarter worth about $70,000. Nisa Investment Advisors LLC increased its holdings in Alpine Income Property Trust by 52.0% during the third quarter. Nisa Investment Advisors LLC now owns 5,113 shares of the company’s stock worth $84,000 after buying an additional 1,750 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Alpine Income Property Trust in the fourth quarter worth about $117,000. Finally, Private Advisor Group LLC increased its stake in shares of Alpine Income Property Trust by 19.5% in the third quarter. Private Advisor Group LLC now owns 13,542 shares of the company’s stock worth $222,000 after purchasing an additional 2,207 shares in the last quarter. Hedge funds and other institutional investors own 60.50% of the company’s stock.

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.