Alpine Income Property Trust (NYSE:PINE) Price Target Raised to $23.00

Alpine Income Property Trust (NYSE:PINE) had its target price raised by JonesTrading from $22.00 to $23.00 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

PINE has been the topic of several other reports. Stifel Nicolaus upped their price objective on shares of Alpine Income Property Trust from $21.50 to $22.00 and gave the company a “buy” rating in a report on Friday. Huntington began coverage on shares of Alpine Income Property Trust in a report on Wednesday, July 15th. They set an “outperform” rating and a $23.00 target price for the company. Weiss Ratings downgraded shares of Alpine Income Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 17th. Alliance Global Partners reaffirmed a “buy” rating on shares of Alpine Income Property Trust in a research report on Friday. Finally, Robert W. Baird reiterated a “neutral” rating and set a $21.00 price objective (up from $18.00) on shares of Alpine Income Property Trust in a research note on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $21.50.

Alpine Income Property Trust Stock Performance

Shares of PINE stock opened at $20.55 on Friday. The firm has a market capitalization of $362.09 million, a price-to-earnings ratio of 108.16, a price-to-earnings-growth ratio of 1.36 and a beta of 0.54. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.85 and a quick ratio of 1.85. The business has a fifty day moving average of $20.01 and a 200 day moving average of $19.24. Alpine Income Property Trust has a 1 year low of $13.10 and a 1 year high of $21.99.

Alpine Income Property Trust (NYSE:PINE) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Alpine Income Property Trust had a return on equity of 2.11% and a net margin of 9.36%.The business had revenue of $20.00 million for the quarter, compared to the consensus estimate of $18.85 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.120-2.150 EPS. As a group, research analysts expect that Alpine Income Property Trust will post 2.16 earnings per share for the current year.

Alpine Income Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $0.32 per share. This is a boost 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 631.58%.

Insiders Place Their Bets

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 3,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $19.35, for a total value of $58,050.00. Following the completion of the transaction, the director owned 14,376 shares in the company, valued at approximately $278,175.60. This represents a 17.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 7,832 shares of company stock valued at $153,097 over the last three months. 0.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alpine Income Property Trust

Several institutional investors and hedge funds have recently modified their holdings of PINE. Martingale Asset Management L P boosted its position in Alpine Income Property Trust by 3.2% during the fourth quarter. Martingale Asset Management L P now owns 16,217 shares of the company’s stock worth $271,000 after purchasing an additional 500 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Alpine Income Property Trust by 13.5% in the 1st 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 grew its position in shares of Alpine Income Property Trust by 1.8% in the fourth quarter. Deutsche Bank AG now owns 32,366 shares of the company’s stock valued at $541,000 after purchasing an additional 567 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in 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 worth $648,000 after buying an additional 663 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Alpine Income Property Trust by 5.8% in the third quarter. JPMorgan Chase & Co. now owns 14,396 shares of the company’s stock worth $204,000 after acquiring an additional 788 shares during the last quarter. Hedge funds and other institutional investors 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.