UBS Group Has Lowered Expectations for Alpine Income Property Trust (NYSE:PINE) Stock Price

Alpine Income Property Trust (NYSE:PINE) had its price target lowered by stock analysts at UBS Group from $17.00 to $16.00 in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target would indicate a potential upside of 8.40% from the company’s current price.

Other research analysts have also issued research reports about the company. Stifel Nicolaus cut their price objective on Alpine Income Property Trust from $19.25 to $18.75 and set a “buy” rating for the company in a report on Friday, April 25th. Industrial Alliance Securities set a $19.00 price objective on Alpine Income Property Trust in a report on Friday, April 25th. Jones Trading cut their price objective on Alpine Income Property Trust from $22.00 to $20.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Alpine Income Property Trust in a report on Friday, April 25th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.97.

Alpine Income Property Trust Stock Down 2.3%

Shares of NYSE PINE opened at $14.76 on Tuesday. Alpine Income Property Trust has a 12 month low of $14.51 and a 12 month high of $19.42. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $210.58 million, a price-to-earnings ratio of 105.43, a PEG ratio of 1.58 and a beta of 0.60. The business has a 50-day moving average of $15.93 and a 200-day moving average of $16.66.

Insiders Place Their Bets

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $16.64, for a total value of $33,280.00. Following the completion of the sale, the director now owns 17,143 shares in the company, valued at approximately $285,259.52. The trade was a 10.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is owned by insiders.

Institutional Trading of Alpine Income Property Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in Alpine Income Property Trust in the fourth quarter valued at approximately $2,130,000. JPMorgan Chase & Co. lifted its position in Alpine Income Property Trust by 26.6% in the third quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company’s stock valued at $129,000 after purchasing an additional 1,483 shares during the last quarter. Barclays PLC lifted its position in Alpine Income Property Trust by 282.4% in the third quarter. Barclays PLC now owns 16,411 shares of the company’s stock valued at $299,000 after purchasing an additional 12,119 shares during the last quarter. Cottage Street Advisors LLC lifted its position in Alpine Income Property Trust by 124.9% in the fourth quarter. Cottage Street Advisors LLC now owns 43,437 shares of the company’s stock valued at $729,000 after purchasing an additional 24,127 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in Alpine Income Property Trust in the fourth quarter valued at approximately $493,000. 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.