Alpine Income Property Trust (NYSE:PINE) Given New $23.00 Price Target at JonesTrading

Alpine Income Property Trust (NYSE:PINE) had its price objective boosted by JonesTrading from $22.00 to $23.00 in a research note issued to investors on Friday,Benzinga reports. JonesTrading currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on the stock. Robert W. Baird reiterated a “neutral” rating and issued a $21.00 price target (up from $18.00) on shares of Alpine Income Property Trust in a research note on Monday, June 29th. Huntington started coverage on Alpine Income Property Trust in a report on Wednesday, July 15th. They set an “outperform” rating and a $23.00 price target for the company. Alliance Global Partners reissued a “buy” rating on shares of Alpine Income Property Trust in a report on Friday. Stifel Nicolaus boosted their target price on shares of Alpine Income Property Trust from $21.50 to $22.00 and gave the company a “buy” rating in a research report on Friday. Finally, Truist Financial cut their price objective on shares of Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating for the company in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.50.

Alpine Income Property Trust Trading Up 0.3%

Shares of PINE opened at $20.55 on Friday. The stock has a fifty day moving average price of $20.01 and a two-hundred day moving average price of $19.24. The company has a market cap of $362.09 million, a price-to-earnings ratio of 108.16, a PEG ratio of 1.36 and a beta of 0.54. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.85 and a current ratio of 1.85. Alpine Income Property Trust has a 52-week low of $13.10 and a 52-week high of $21.99.

Alpine Income Property Trust (NYSE:PINE) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $20.00 million during the quarter, compared to analyst estimates of $18.85 million. Alpine Income Property Trust had a return on equity of 2.11% and a net margin of 9.36%.Alpine Income Property Trust has set its FY 2026 guidance at 2.120-2.150 EPS. Analysts predict that Alpine Income Property Trust will post 2.16 EPS for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a dividend of $0.32 per share. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 6.2%. The ex-dividend date is Thursday, September 10th. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently 631.58%.

Insiders Place Their Bets

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 2,832 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $19.96, for a total value of $56,526.72. Following the sale, the director owned 9,544 shares of the company’s stock, valued at approximately $190,498.24. This trade represents a 22.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 7,832 shares of company stock worth $153,097 in the last three months. 0.60% of the stock is owned by corporate insiders.

Institutional Trading of Alpine Income Property Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Martingale Asset Management L P boosted its stake in Alpine Income Property Trust by 3.2% in the fourth quarter. Martingale Asset Management L P now owns 16,217 shares of the company’s stock valued at $271,000 after buying an additional 500 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Alpine Income Property Trust by 13.5% during the first quarter. PNC Financial Services Group Inc. now owns 4,649 shares of the company’s stock worth $84,000 after acquiring an additional 552 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Alpine Income Property Trust by 1.8% in the 4th quarter. Deutsche Bank AG now owns 32,366 shares of the company’s stock valued at $541,000 after purchasing an additional 567 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Alpine Income Property Trust by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 38,731 shares of the company’s stock valued at $648,000 after purchasing an additional 663 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Alpine Income Property Trust by 5.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,396 shares of the company’s stock valued at $204,000 after purchasing an additional 788 shares during the last quarter. 60.50% of the stock is currently owned by institutional investors.

Alpine Income Property Trust Company Profile

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.