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

Zacks Research upgraded shares of Alpine Income Property Trust (NYSE:PINE) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks reports.

Several other research firms have also recently issued reports on PINE. JonesTrading lifted their price objective on shares of Alpine Income Property Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Weiss Ratings downgraded shares of Alpine Income Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, September 21st. Huntington assumed coverage on shares of Alpine Income Property Trust in a research report on Wednesday, July 15th. They set an “outperform” rating and a $23.00 target price for the company. Robert W. Baird restated a “neutral” rating and set a $21.00 target price (up from $18.00) on shares of Alpine Income Property Trust in a research report on Monday, June 29th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Alpine Income Property Trust in a research note on Friday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $21.28.

Alpine Income Property Trust Stock Performance

NYSE PINE opened at $17.71 on Monday. The firm has a market cap of $317.63 million, a price-to-earnings ratio of 93.24, a price-to-earnings-growth ratio of 1.16 and a beta of 0.56. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.03. The business has a 50-day moving average price of $18.49 and a 200-day moving average price of $19.30. Alpine Income Property Trust has a twelve month low of $13.63 and a twelve month high of $21.99.

Alpine Income Property Trust (NYSE:PINE) last issued its earnings results on Thursday, July 23rd. The company reported $0.16 earnings per share (EPS) 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 company 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, equities research analysts predict that Alpine Income Property Trust will post 2.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Andrew Richardson sold 2,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $20.28, for a total transaction of $40,560.00. Following the completion of the transaction, the director directly owned 8,425 shares of the company’s stock, valued at approximately $170,859. This represents a 19.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Alpine Income Property Trust

Several institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in shares of Alpine Income Property Trust by 13.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,649 shares of the company’s stock valued at $84,000 after acquiring an additional 552 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Alpine Income Property Trust by 11.6% in the first quarter. Bank of America Corp DE now owns 11,750 shares of the company’s stock valued at $212,000 after purchasing an additional 1,222 shares in the last quarter. Legal & General Group Plc purchased a new position in shares of Alpine Income Property Trust in the second quarter valued at $32,000. Triumph Capital Management increased its position in Alpine Income Property Trust by 11.0% in the second quarter. Triumph Capital Management now owns 23,864 shares of the company’s stock worth $495,000 after purchasing an additional 2,358 shares during the last quarter. Finally, Virtus Advisers LLC bought a new stake in Alpine Income Property Trust in the second quarter worth $80,000. 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 is a real estate investment trust (REIT) that owns and manages a portfolio of income-producing commercial properties. The company primarily focuses on single-tenant, net-leased retail properties, where tenants generally are responsible for property taxes, insurance and maintenance under the terms of their leases.

Alpine’s properties are occupied by tenants across a range of industries, including retail, grocery, home improvement, automotive services and other consumer-oriented businesses.