Alpine Income Property Trust (NYSE:PINE) Upgraded at Zacks Research

Alpine Income Property Trust (NYSE:PINE) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Jones Trading restated a “buy” rating and issued a $19.00 price target on shares of Alpine Income Property Trust in a research report on Monday, October 27th. Stifel Nicolaus dropped their price target on Alpine Income Property Trust from $18.50 to $17.50 and set a “buy” rating on the stock in a research report on Friday, July 25th. Weiss Ratings restated a “sell (d+)” rating on shares of Alpine Income Property Trust in a research report on Wednesday, October 8th. Alliance Global Partners restated a “buy” rating on shares of Alpine Income Property Trust in a research report on Friday, July 25th. Finally, UBS Group dropped their price target on Alpine Income Property Trust from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $17.63.

Alpine Income Property Trust Stock Up 1.2%

Alpine Income Property Trust stock opened at $14.96 on Tuesday. The company has a market capitalization of $211.86 million, a P/E ratio of -42.75, a PEG ratio of 1.34 and a beta of 0.64. Alpine Income Property Trust has a fifty-two week low of $13.10 and a fifty-two week high of $18.57. The stock has a 50-day simple moving average of $14.36 and a 200-day simple moving average of $14.73. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.74 and a current ratio of 0.74.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings results on Thursday, October 23rd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.52). The company had revenue of $14.56 million during the quarter, compared to analyst estimates of $14.67 million. Alpine Income Property Trust had a negative net margin of 8.86% and a negative return on equity of 1.96%. Alpine Income Property Trust has set its FY 2025 guidance at 1.820-1.850 EPS. Equities research analysts expect that Alpine Income Property Trust will post 1.74 earnings per share for the current year.

Hedge Funds Weigh In On Alpine Income Property Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp acquired a new position in Alpine Income Property Trust during the 3rd quarter worth approximately $25,000. Strs Ohio acquired a new stake in shares of Alpine Income Property Trust in the 1st quarter worth approximately $42,000. Resona Asset Management Co. Ltd. grew its holdings in shares of Alpine Income Property Trust by 16.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 5,380 shares of the company’s stock worth $89,000 after acquiring an additional 765 shares during the period. Jeppson Wealth Management LLC acquired a new stake in shares of Alpine Income Property Trust in the 2nd quarter worth approximately $152,000. Finally, State of Wyoming acquired a new stake in shares of Alpine Income Property Trust in the 1st quarter worth approximately $226,000. Institutional investors and hedge funds 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.