Alpine Income Property Trust (NYSE:PINE) Given New $19.00 Price Target at BTIG Research

Alpine Income Property Trust (NYSE:PINE) had its target price dropped by research analysts at BTIG Research from $23.00 to $19.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price target would suggest a potential upside of 23.22% from the company’s current price.

Several other equities analysts have also commented on PINE. Jonestrading lowered their price objective on Alpine Income Property Trust from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Alliance Global Partners started coverage on Alpine Income Property Trust in a research report on Thursday, April 11th. They issued a “buy” rating and a $19.00 price target for the company. Finally, Stifel Nicolaus lowered their price target on Alpine Income Property Trust from $19.00 to $18.75 and set a “buy” rating for the company in a research report on Friday, April 19th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $18.35.

Alpine Income Property Trust Stock Performance

Shares of Alpine Income Property Trust stock opened at $15.42 on Monday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $210.02 million, a P/E ratio of -385.50, a P/E/G ratio of 1.59 and a beta of 0.80. The business has a fifty day simple moving average of $15.43 and a two-hundred day simple moving average of $15.91. Alpine Income Property Trust has a 12 month low of $14.25 and a 12 month high of $17.72.

Hedge Funds Weigh In On Alpine Income Property Trust

A number of hedge funds have recently bought and sold shares of PINE. Tower Research Capital LLC TRC raised its position in Alpine Income Property Trust by 312.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,910 shares of the company’s stock worth $49,000 after buying an additional 2,205 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Alpine Income Property Trust in the 3rd quarter worth about $70,000. Nisa Investment Advisors LLC raised its position in Alpine Income Property Trust by 52.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,113 shares of the company’s stock worth $84,000 after buying an additional 1,750 shares during the last quarter. SG Americas Securities LLC purchased a new position in Alpine Income Property Trust in the 4th quarter worth about $117,000. Finally, Private Advisor Group LLC raised its position in Alpine Income Property Trust by 19.5% in the 3rd quarter. Private Advisor Group LLC now owns 13,542 shares of the company’s stock worth $222,000 after buying an additional 2,207 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 (NYSE: PINE) is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased properties that are predominately leased to high-quality publicly traded and credit-rated tenants.