UBS Group Begins Coverage on Alpine Income Property Trust (NYSE:PINE)

Analysts at UBS Group started coverage on shares of Alpine Income Property Trust (NYSE:PINE) in a research report issued to clients and investors on Monday, Briefing.com reports. The brokerage set a “neutral” rating and a $19.00 price target on the stock. UBS Group’s target price suggests a potential upside of 6.15% from the company’s current price.

Several other research analysts have also commented on the company. Truist Financial boosted their price target on Alpine Income Property Trust from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. Raymond James boosted their price target on Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Stifel Nicolaus boosted their price target on Alpine Income Property Trust from $18.00 to $19.25 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, B. Riley reissued a “buy” rating and issued a $20.00 price target (up from $19.50) on shares of Alpine Income Property Trust in a research report on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.91.

Alpine Income Property Trust Trading Up 3.2 %

Shares of NYSE PINE opened at $17.90 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.00. The business has a fifty day simple moving average of $17.96 and a two-hundred day simple moving average of $16.43. The firm has a market cap of $243.85 million, a PE ratio of -447.50, a price-to-earnings-growth ratio of 1.76 and a beta of 0.80. Alpine Income Property Trust has a twelve month low of $14.25 and a twelve month high of $19.42.

Alpine Income Property Trust (NYSE:PINE) last issued its earnings results on Thursday, July 18th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.38). The firm had revenue of $12.49 million for the quarter, compared to the consensus estimate of $12.10 million. Alpine Income Property Trust had a negative net margin of 1.16% and a negative return on equity of 0.20%. During the same period last year, the firm earned $0.37 earnings per share. Analysts expect that Alpine Income Property Trust will post 1.65 earnings per share for the current fiscal year.

Institutional Trading of Alpine Income Property Trust

Several large investors have recently added to or reduced their stakes in PINE. Heartland Advisors Inc. boosted its stake in shares of Alpine Income Property Trust by 53.0% in the first quarter. Heartland Advisors Inc. now owns 611,900 shares of the company’s stock worth $9,350,000 after buying an additional 211,900 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of Alpine Income Property Trust by 12.3% in the second quarter. Sound Income Strategies LLC now owns 734,769 shares of the company’s stock worth $11,433,000 after buying an additional 80,725 shares during the last quarter. Carlson Capital L P purchased a new stake in shares of Alpine Income Property Trust in the first quarter worth about $1,202,000. Kennedy Capital Management LLC boosted its stake in shares of Alpine Income Property Trust by 18.6% in the first quarter. Kennedy Capital Management LLC now owns 380,475 shares of the company’s stock worth $5,814,000 after buying an additional 59,674 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Alpine Income Property Trust in the second quarter worth about $647,000. Hedge funds and other institutional investors 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.