Alpine Income Property Trust (NYSE:PINE) Stock Gets Price Target Cut from Truist Financial

Alpine Income Property Trust (NYSE:PINE) had its target price trimmed by Truist Financial from $20.00 to $19.00 in a report published on Thursday morning, Marketbeat Ratings reports. They currently have a hold rating on the stock.

A number of other research analysts also recently issued reports on PINE. Alliance Global Partners restated a “buy” rating on shares of Alpine Income Property Trust in a research report on Friday, July 24th. JonesTrading increased their price objective on shares of Alpine Income Property Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Stifel Nicolaus set a $21.25 price objective on shares of Alpine Income Property Trust in a research report on Tuesday. Robert W. Baird reissued a “neutral” rating and set a $21.00 target price (up from $18.00) on shares of Alpine Income Property Trust in a research note on Monday, June 29th. Finally, Weiss Ratings lowered shares of Alpine Income Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, September 21st. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.28.

Alpine Income Property Trust Price Performance

Shares of PINE opened at $17.91 on Thursday. The business has a 50-day moving average of $18.56 and a 200-day moving average of $19.30. 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 company has a market capitalization of $321.04 million, a price-to-earnings ratio of 94.24, a price-to-earnings-growth ratio of 1.18 and a beta of 0.56. Alpine Income Property Trust has a 1 year low of $13.63 and a 1 year high of $21.99.

Alpine Income Property Trust (NYSE:PINE) last announced its earnings results on Thursday, July 23rd. The company reported $0.16 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 business had revenue of $20.00 million for the quarter, compared to analysts’ expectations 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 anticipate that Alpine Income Property Trust will post 2.17 earnings per share for the current year.

Insider Buying and Selling

In other Alpine Income Property Trust news, Director Andrew Richardson sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $20.28, for a total value of $40,560.00. Following the transaction, the director directly owned 8,425 shares of the company’s stock, valued at approximately $170,859. The trade was a 19.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Alpine Income Property Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Alpine Income Property Trust in the 2nd quarter valued at $28,048,000. Bank of New York Mellon Corp acquired a new position in shares of Alpine Income Property Trust during the 2nd quarter valued at $1,813,000. Globeflex Capital L P acquired a new position in shares of Alpine Income Property Trust during the 2nd quarter valued at $1,535,000. Renaissance Technologies LLC boosted its stake in Alpine Income Property Trust by 87.1% during the first quarter. Renaissance Technologies LLC now owns 121,200 shares of the company’s stock worth $2,182,000 after acquiring an additional 56,422 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in Alpine Income Property Trust during the second quarter worth $1,267,000. 60.50% of the stock is currently owned by institutional investors.

About Alpine Income Property Trust

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.