Stifel Nicolaus Lowers Alpine Income Property Trust (NYSE:PINE) Price Target to $19.25

Alpine Income Property Trust (NYSE:PINE) had its price objective cut by Stifel Nicolaus from $19.50 to $19.25 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 15.75% from the stock’s previous close.

Alpine Income Property Trust Stock Down 0.6 %

Alpine Income Property Trust stock traded down $0.10 during midday trading on Thursday, reaching $16.63. The company’s stock had a trading volume of 6,571 shares, compared to its average volume of 72,076. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.09. Alpine Income Property Trust has a fifty-two week low of $14.33 and a fifty-two week high of $19.42. The business has a 50-day simple moving average of $16.50 and a 200-day simple moving average of $17.14. The company has a market cap of $244.33 million, a P/E ratio of 118.71, a P/E/G ratio of 1.58 and a beta of 0.82.

Alpine Income Property Trust (NYSE:PINE) last posted its earnings results on Thursday, February 6th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.40. Alpine Income Property Trust had a return on equity of 0.76% and a net margin of 3.96%. On average, research analysts expect that Alpine Income Property Trust will post 1.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Alpine Income Property Trust

In other 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 transaction of $33,280.00. Following the sale, the director now owns 17,143 shares of the company’s stock, valued at $285,259.52. The trade was a 10.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.74% of the stock is owned by corporate insiders.

Institutional Trading of Alpine Income Property Trust

Large investors have recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new position in shares of Alpine Income Property Trust during the 4th quarter worth approximately $43,000. BNP Paribas Financial Markets acquired a new position in shares of Alpine Income Property Trust in the fourth quarter valued at approximately $44,000. Public Employees Retirement System of Ohio purchased a new position in shares of Alpine Income Property Trust during the third quarter valued at approximately $64,000. PNC Financial Services Group Inc. boosted its position in Alpine Income Property Trust by 25.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the company’s stock worth $72,000 after acquiring an additional 867 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new stake in Alpine Income Property Trust in the 4th quarter worth approximately $75,000. Institutional investors and hedge funds 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.