Alpine Income Property Trust (NYSE:PINE) Given New $20.00 Price Target at JonesTrading

Alpine Income Property Trust (NYSE:PINE) had its target price lowered by equities research analysts at JonesTrading from $23.00 to $20.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. JonesTrading‘s price objective would indicate a potential upside of 23.90% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. Weiss Ratings downgraded shares of Alpine Income Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, September 21st. Zacks Research raised shares of Alpine Income Property Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday. Alliance Global Partners reiterated a “buy” rating on shares of Alpine Income Property Trust in a report on Friday, July 24th. Huntington assumed coverage on Alpine Income Property Trust in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $23.00 price objective for the company. Finally, Robert W. Baird reissued a “neutral” rating and issued a $21.00 price objective (up from $18.00) on shares of Alpine Income Property Trust in a research note on Monday, June 29th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $20.75.

Alpine Income Property Trust Trading Down 7.3%

Shares of Alpine Income Property Trust stock traded down $1.28 during midday trading on Friday, reaching $16.14. The company had a trading volume of 392,260 shares, compared to its average volume of 168,944. The stock has a fifty day moving average price of $18.39 and a 200 day moving average price of $19.29. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market cap of $289.43 million, a PE ratio of 84.96, a P/E/G ratio of 1.13 and a beta of 0.56. Alpine Income Property Trust has a fifty-two week low of $13.63 and a fifty-two week high of $21.99.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings results on Thursday, October 22nd. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $20.46 million during the quarter, compared to analyst estimates of $20.19 million. Alpine Income Property Trust had a net margin of 9.36% and a return on equity of 2.11%. On average, equities analysts anticipate that Alpine Income Property Trust will post 2.17 earnings per share for the current year.

Insider Activity at Alpine Income Property Trust

In related news, Director Andrew Richardson sold 2,000 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $20.28, for a total value of $40,560.00. Following the transaction, the director directly owned 8,425 shares in the company, valued at $170,859. This trade represents a 19.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Alpine Income Property Trust

A number of institutional investors and hedge funds have recently made changes to their positions in PINE. Legal & General Group Plc bought a new position in shares of Alpine Income Property Trust in the second quarter valued at approximately $32,000. Virtus Advisers LLC bought a new stake in Alpine Income Property Trust during the second quarter worth $80,000. PNC Financial Services Group Inc. grew its holdings in Alpine Income Property Trust by 13.5% during the first quarter. PNC Financial Services Group Inc. now owns 4,649 shares of the company’s stock worth $84,000 after buying an additional 552 shares in the last quarter. State of Wyoming bought a new position in Alpine Income Property Trust during the 1st quarter valued at $128,000. Finally, Abel Hall LLC bought a new position in Alpine Income Property Trust during the 1st quarter valued at $189,000. Institutional investors and hedge funds own 60.50% of the company’s stock.

Trending Headlines about Alpine Income Property Trust

Here are the key news stories impacting Alpine Income Property Trust this week:

• Positive Sentiment: Third-quarter results exceeded expectations: EPS was $0.18 versus the $0.17 consensus, while revenue reached $20.46 million compared with estimates of $20.19 million. Alpine Income Property Trust third-quarter results
• Positive Sentiment: Third-quarter FFO rose to $0.55 per share from $0.46 a year earlier and exceeded the $0.53 consensus estimate, supporting the company’s recurring-income profile. Alpine Income FFO results
• Positive Sentiment: Management increased 2026 AFFO-per-share guidance to $2.20-$2.22, above the prior consensus estimate of $2.17, as acquisitions accelerate. The company also reported more than $300 million of investment activity completed or under contract year to date. Alpine Income Property Trust raises AFFO guidance
• Neutral Sentiment: Analysts remain constructive, with Stifel maintaining a Buy rating and Huntington maintaining an Outperform rating, but both firms reduced their price targets to $20.00 and $20.50, respectively. The target cuts may be weighing on investor sentiment even though they imply substantial potential upside from recent levels. Huntington lowers Alpine Income price target

About Alpine Income Property Trust

Alpine Income Property Trust, Inc is a real estate investment trust (REIT) that owns and manages a portfolio of income-producing commercial properties in the United States. The company primarily invests in single-tenant net lease properties, under which tenants generally assume responsibility for property expenses such as taxes, insurance and maintenance.

Its portfolio has included retail, office and industrial properties leased to tenants across a range of industries. Alpine seeks to generate rental income through long-term leases and may pursue acquisitions, dispositions and other real estate investments intended to support the growth and diversification of its property portfolio.

Alpine Income Property Trust was formed by CTO Realty Growth, Inc and became a publicly traded company in 2019 following its separation from CTO Realty Growth.