Stifel Nicolaus Trims Alpine Income Property Trust (NYSE:PINE) Target Price to $18.75

Alpine Income Property Trust (NYSE:PINE) had its target price cut by Stifel Nicolaus from $19.00 to $18.75 in a report released on Friday, Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also recently issued reports about the stock. Jonestrading reduced their target price on shares of Alpine Income Property Trust from $20.00 to $19.00 and set a buy rating for the company in a research note on Monday, February 12th. Alliance Global Partners initiated coverage on shares of Alpine Income Property Trust in a research note on Thursday, April 11th. They issued a buy rating and a $19.00 target price for the company. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $18.35.

Alpine Income Property Trust Price Performance

NYSE PINE opened at $15.29 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $208.25 million, a PE ratio of -382.25, a price-to-earnings-growth ratio of 1.59 and a beta of 0.80. The company has a 50 day moving average price of $15.43 and a two-hundred day moving average price of $15.92. Alpine Income Property Trust has a 12-month low of $14.25 and a 12-month high of $17.72.

Alpine Income Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.19%. The ex-dividend date of this dividend was Wednesday, March 13th. Alpine Income Property Trust’s payout ratio is -2,750.00%.

Institutional Trading of Alpine Income Property Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC lifted its stake in shares of Alpine Income Property Trust by 7.6% in the fourth quarter. Sound Income Strategies LLC now owns 574,075 shares of the company’s stock worth $9,708,000 after buying an additional 40,536 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Alpine Income Property Trust by 47.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 73,452 shares of the company’s stock worth $1,242,000 after buying an additional 23,595 shares during the last quarter. Penserra Capital Management LLC lifted its stake in shares of Alpine Income Property Trust by 14.4% in the third quarter. Penserra Capital Management LLC now owns 29,426 shares of the company’s stock worth $481,000 after buying an additional 3,710 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Alpine Income Property Trust in the third quarter worth $70,000. Finally, State of New Jersey Common Pension Fund D increased its position in Alpine Income Property Trust by 4.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 213,000 shares of the company’s stock worth $3,485,000 after acquiring an additional 10,000 shares during the period. 60.50% of the stock is currently owned by institutional investors and hedge funds.

About Alpine Income Property Trust

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.