Alpine Income Property Trust (NYSE:PINE) Coverage Initiated by Analysts at Huntington Sec

Huntington Sec started coverage on shares of Alpine Income Property Trust (NYSE:PINE – Get Free Report) in a report released on Tuesday, Zacks reports. The brokerage set a “strong-buy” rating on the stock.

PINE has been the subject of several other research reports. Alliance Global Partners reaffirmed a “buy” rating on shares of Alpine Income Property Trust in a research report on Friday, July 24th. JonesTrading dropped their price objective on shares of Alpine Income Property Trust from $23.00 to $20.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Robert W. Baird downgraded shares of Alpine Income Property Trust from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $18.00 to $21.00 in a report on Monday, June 29th. Truist Financial dropped their price objective on shares of Alpine Income Property Trust from $20.00 to $19.00 and set a “hold” rating for the company in a research note on Thursday, October 15th. Finally, Cantor Fitzgerald cut their price objective on Alpine Income Property Trust from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $20.75.

View Our Latest Stock Report on Alpine Income Property Trust

Alpine Income Property Trust Stock Down 0.2%

Shares of NYSE:PINE opened at $16.23 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.08. Alpine Income Property Trust has a 12-month low of $14.35 and a 12-month high of $21.99. The stock’s 50-day moving average price is $18.12 and its 200-day moving average price is $19.05. The stock has a market capitalization of $291.17 million, a P/E ratio of 35.28, a price-to-earnings-growth ratio of 1.05 and a beta of 0.56.

Alpine Income Property Trust (NYSE:PINE – Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $20.46 million for the quarter, compared to analyst estimates of $20.19 million. Alpine Income Property Trust had a net margin of 16.55% and a return on equity of 3.68%. On average, equities analysts anticipate that Alpine Income Property Trust will post 2.20 earnings per share for the current year.

Institutional Trading of Alpine Income Property Trust

A number of institutional investors have recently bought and sold shares of PINE. State of Wyoming grew its position in shares of Alpine Income Property Trust by 64.8% during the 3rd quarter. State of Wyoming now owns 41,967 shares of the company’s stock valued at $728,000 after acquiring an additional 16,495 shares during the period. Asset Management One Co. Ltd. grew its stake in Alpine Income Property Trust by 27.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 18,066 shares of the company’s stock valued at $313,000 after acquiring an additional 3,919 shares during the period. Oppenheimer & Co. Inc. purchased a new position in Alpine Income Property Trust during the third quarter valued at $329,000. Guardian Wealth Management Inc. increased its stake in shares of Alpine Income Property Trust by 7.5% during the second quarter. Guardian Wealth Management Inc. now owns 79,412 shares of the company’s stock worth $1,649,000 after purchasing an additional 5,546 shares in the last quarter. Finally, Triumph Capital Management lifted its stake in Alpine Income Property Trust by 11.0% in the 2nd quarter. Triumph Capital Management now owns 23,864 shares of the company’s stock valued at $495,000 after buying an additional 2,358 shares in the last quarter. 60.50% of the stock is currently owned by institutional investors and hedge funds.

Alpine Income Property Trust Company Profile

(Get Free Report)

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.

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