Alpine Income Property Trust, Inc. (NYSE:PINE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE) have received an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $18.4167.

Several analysts have recently weighed in on PINE shares. Jones Trading lowered their price objective on shares of Alpine Income Property Trust from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. Stifel Nicolaus reduced their target price on Alpine Income Property Trust from $18.50 to $17.50 and set a “buy” rating on the stock in a research note on Friday, July 25th. Alliance Global Partners reaffirmed a “buy” rating on shares of Alpine Income Property Trust in a research note on Friday, July 25th. Finally, UBS Group cut their price objective on Alpine Income Property Trust from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, July 16th.

Alpine Income Property Trust Stock Down 0.4%

PINE stock opened at $14.03 on Thursday. The company’s 50 day moving average is $14.65 and its 200 day moving average is $15.14. The stock has a market cap of $198.59 million, a price-to-earnings ratio of -280.50, a price-to-earnings-growth ratio of 1.33 and a beta of 0.64. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.40. Alpine Income Property Trust has a 1-year low of $13.95 and a 1-year high of $18.75.

Alpine Income Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, September 11th will be issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Thursday, September 11th. Alpine Income Property Trust’s payout ratio is presently -2,280.00%.

Insider Activity at Alpine Income Property Trust

In other Alpine Income Property Trust news, CEO John P. Albright bought 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were bought at an average price of $14.20 per share, for a total transaction of $49,700.00. Following the transaction, the chief executive officer directly owned 11,444 shares in the company, valued at $162,504.80. This trade represents a 44.06% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PINE. Strs Ohio bought a new stake in Alpine Income Property Trust in the first quarter valued at approximately $42,000. Ameriflex Group Inc. purchased a new position in shares of Alpine Income Property Trust in the fourth quarter worth $43,000. BNP Paribas Financial Markets purchased a new position in shares of Alpine Income Property Trust in the fourth quarter worth $44,000. GAMMA Investing LLC raised its holdings in Alpine Income Property Trust by 9,844.7% during the 1st quarter. GAMMA Investing LLC now owns 3,779 shares of the company’s stock valued at $63,000 after buying an additional 3,741 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its position in Alpine Income Property Trust by 16.6% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 5,380 shares of the company’s stock valued at $89,000 after buying an additional 765 shares during the period. 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 (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.