Alpine Income Property Trust, Inc. (NYSE:PINE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Alpine Income Property Trust, Inc. (NYSE:PINE) have earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $21.50.

A number of analysts have recently commented on PINE shares. Weiss Ratings raised shares of Alpine Income Property Trust from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Robert W. Baird reaffirmed a “neutral” rating and issued a $21.00 target price (up from $18.00) on shares of Alpine Income Property Trust in a research report on Monday, June 29th. JonesTrading lifted their price target on shares of Alpine Income Property Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Stifel Nicolaus boosted their price target on shares of Alpine Income Property Trust from $21.50 to $22.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Huntington started coverage on shares of Alpine Income Property Trust in a research report on Wednesday, July 15th. They set an “outperform” rating and a $23.00 price target on the stock.

Alpine Income Property Trust Stock Down 1.0%

NYSE:PINE opened at $18.03 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market cap of $317.62 million, a PE ratio of 94.88, a PEG ratio of 1.20 and a beta of 0.54. Alpine Income Property Trust has a 52-week low of $13.10 and a 52-week high of $21.99. The stock has a 50-day simple moving average of $19.85 and a 200 day simple moving average of $19.52.

Alpine Income Property Trust (NYSE:PINE) last released 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 firm 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. On average, sell-side analysts expect that Alpine Income Property Trust will post 2.16 EPS for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a $0.32 dividend. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Thursday, September 10th. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently 673.68%.

Insider Transactions at Alpine Income Property Trust

In related news, Director Andrew Richardson sold 2,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $20.28, for a total transaction of $40,560.00. Following the completion of the transaction, the director directly owned 8,425 shares of the company’s stock, valued at approximately $170,859. This represents a 19.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

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

About Alpine Income Property Trust

Alpine Income Property Trust, Inc is a real estate investment trust (REIT) that acquires, owns and operates a portfolio of income-producing commercial properties. The company primarily invests in single-tenant retail and office properties that are generally leased under long-term net lease agreements, under which tenants typically assume responsibility for property taxes, insurance and maintenance expenses.

Alpine’s properties are located across the United States and are leased to a range of national, regional and local tenants.