Alpine Income Property Trust (NYSE:PINE) Rating Increased to Strong-Buy at Zacks Research

Alpine Income Property Trust (NYSE:PINE) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Alpine Income Property Trust in a report on Monday, December 29th. Jones Trading reiterated a “buy” rating and issued a $19.00 target price on shares of Alpine Income Property Trust in a research note on Monday, October 27th. Alliance Global Partners reissued a “neutral” rating on shares of Alpine Income Property Trust in a research report on Monday, November 17th. Stifel Nicolaus raised their price objective on Alpine Income Property Trust from $17.50 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Finally, Industrial Alliance Securities set a $18.50 price objective on Alpine Income Property Trust in a report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.88.

Alpine Income Property Trust Price Performance

NYSE PINE opened at $17.79 on Tuesday. The stock has a 50-day simple moving average of $16.95 and a 200 day simple moving average of $15.36. Alpine Income Property Trust has a twelve month low of $13.10 and a twelve month high of $17.88. The stock has a market capitalization of $251.84 million, a PE ratio of -50.81, a P/E/G ratio of 1.47 and a beta of 0.58. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.74 and a current ratio of 0.74.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings results on Thursday, October 23rd. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.52). Alpine Income Property Trust had a negative return on equity of 1.96% and a negative net margin of 8.86%.The business had revenue of $14.56 million during the quarter, compared to the consensus estimate of $14.67 million. Research analysts anticipate that Alpine Income Property Trust will post 1.74 EPS for the current year.

Hedge Funds Weigh In On Alpine Income Property Trust

Hedge funds have recently modified their holdings of the stock. Sound Income Strategies LLC grew its holdings in shares of Alpine Income Property Trust by 7.6% in the 3rd quarter. Sound Income Strategies LLC now owns 1,126,174 shares of the company’s stock worth $15,001,000 after purchasing an additional 79,119 shares during the last quarter. Rhumbline Advisers boosted its position in Alpine Income Property Trust by 3.7% in the first quarter. Rhumbline Advisers now owns 20,652 shares of the company’s stock valued at $345,000 after buying an additional 736 shares in the last quarter. Penserra Capital Management LLC bought a new stake in Alpine Income Property Trust during the second quarter worth about $1,012,000. Gabelli Funds LLC acquired a new stake in shares of Alpine Income Property Trust during the second quarter worth approximately $3,621,000. Finally, Jeppson Wealth Management LLC acquired a new stake in shares of Alpine Income Property Trust during the second quarter worth approximately $152,000. 60.50% of the stock is owned by institutional investors and hedge funds.

About Alpine Income Property Trust

Alpine Income Property Trust, Inc is a publicly traded real estate investment trust that specializes in acquiring, owning and managing single-tenant net lease properties. The company focuses on sale-leaseback and build-to-suit transactions with food and beverage companies, targeting facilities that support production, distribution and processing operations. By structuring long-term, triple-net leases, Alpine Income Property Trust seeks to deliver stable, predictable cash flow while allowing tenants to unlock capital from real estate assets and reinvest in their core businesses.

The company’s portfolio is diversified across multiple U.S.