Alpine Income Property Trust (NYSE:PINE) Price Target Raised to $21.00

Alpine Income Property Trust (NYSE:PINE) had its price objective upped by Truist Financial from $18.00 to $21.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

PINE has been the subject of a number of other research reports. Stifel Nicolaus increased their price target on Alpine Income Property Trust from $19.00 to $20.50 and gave the company a “buy” rating in a research report on Friday, February 6th. Weiss Ratings raised shares of Alpine Income Property Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, January 27th. B. Riley Financial restated a “buy” rating on shares of Alpine Income Property Trust in a report on Thursday, February 5th. JonesTrading raised their price objective on shares of Alpine Income Property Trust from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Finally, iA Financial set a $21.00 price objective on shares of Alpine Income Property Trust in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.92.

Alpine Income Property Trust Trading Down 0.4%

Alpine Income Property Trust stock opened at $19.91 on Wednesday. The firm has a market cap of $300.44 million, a price-to-earnings ratio of -86.56, a price-to-earnings-growth ratio of 1.37 and a beta of 0.59. Alpine Income Property Trust has a 1 year low of $13.10 and a 1 year high of $20.80. The firm’s 50 day moving average price is $17.80 and its two-hundred day moving average price is $16.05. The company has a debt-to-equity ratio of 1.25, a quick ratio of 4.95 and a current ratio of 4.95.

Alpine Income Property Trust (NYSE:PINE) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.43). The company had revenue of $16.90 million for the quarter, compared to analyst estimates of $15.28 million. Alpine Income Property Trust had a negative net margin of 4.39% and a negative return on equity of 1.00%. Alpine Income Property Trust has set its FY 2026 guidance at 2.090-2.130 EPS. On average, research analysts predict that Alpine Income Property Trust will post 1.74 EPS for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th will be paid a $0.30 dividend. The ex-dividend date is Thursday, March 12th. This represents a $1.20 annualized dividend and a yield of 6.0%. This is a boost from Alpine Income Property Trust’s previous quarterly dividend of $0.29. Alpine Income Property Trust’s dividend payout ratio (DPR) is currently -495.65%.

Institutional Investors Weigh In On Alpine Income Property Trust

A number of institutional investors have recently modified their holdings of PINE. Invesco Ltd. raised its holdings in shares of Alpine Income Property Trust by 1,344.2% during the fourth quarter. Invesco Ltd. now owns 441,935 shares of the company’s stock worth $7,389,000 after acquiring an additional 411,334 shares in the last quarter. AQR Capital Management LLC grew its stake in Alpine Income Property Trust by 21.3% in the fourth quarter. AQR Capital Management LLC now owns 30,109 shares of the company’s stock valued at $503,000 after purchasing an additional 5,283 shares in the last quarter. Jump Financial LLC acquired a new position in Alpine Income Property Trust in the 4th quarter worth about $241,000. Osaic Holdings Inc. increased its position in Alpine Income Property Trust by 3,481.5% in the 4th quarter. Osaic Holdings Inc. now owns 13,001 shares of the company’s stock worth $217,000 after purchasing an additional 12,638 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Alpine Income Property Trust by 44.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 14,801 shares of the company’s stock worth $247,000 after purchasing an additional 4,574 shares in the last quarter. Institutional investors and hedge funds own 60.50% of the company’s stock.

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.