Alpine Income Property Trust, Inc. (NYSE:PINE – Get Rating) – Stock analysts at B. Riley raised their FY2022 earnings estimates for Alpine Income Property Trust in a report released on Tuesday, October 25th. B. Riley analyst C. Kucera now forecasts that the company will earn $1.77 per share for the year, up from their prior estimate of $1.74. B. Riley has a “Buy” rating and a $21.00 price objective on the stock. The consensus estimate for Alpine Income Property Trust’s current full-year earnings is $1.74 per share. B. Riley also issued estimates for Alpine Income Property Trust’s Q1 2023 earnings at $0.41 EPS and FY2023 earnings at $1.68 EPS.
Several other research analysts also recently issued reports on the company. Raymond James cut their price target on Alpine Income Property Trust from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, October 4th. Jonestrading dropped their target price on Alpine Income Property Trust from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, TheStreet raised Alpine Income Property Trust from a “d+” rating to a “c-” rating in a research note on Friday, October 21st. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Alpine Income Property Trust has an average rating of “Moderate Buy” and an average target price of $20.75.
Alpine Income Property Trust Stock Up 2.0 %
PINE stock opened at $18.14 on Wednesday. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 1.07. The stock has a market cap of $216.05 million, a P/E ratio of 7.34, a PEG ratio of 1.65 and a beta of 0.81. The company’s 50 day moving average is $17.40 and its two-hundred day moving average is $17.98. Alpine Income Property Trust has a twelve month low of $15.41 and a twelve month high of $21.07.
Hedge Funds Weigh In On Alpine Income Property Trust
A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James & Associates raised its holdings in shares of Alpine Income Property Trust by 3.5% in the 3rd quarter. Raymond James & Associates now owns 81,659 shares of the company’s stock worth $1,325,000 after purchasing an additional 2,774 shares during the period. Foundry Partners LLC raised its stake in shares of Alpine Income Property Trust by 10.9% during the third quarter. Foundry Partners LLC now owns 181,795 shares of the company’s stock valued at $2,949,000 after acquiring an additional 17,810 shares during the last quarter. Jeppson Wealth Management LLC bought a new position in shares of Alpine Income Property Trust during the third quarter valued at about $196,000. Diligent Investors LLC raised its stake in Alpine Income Property Trust by 39.3% in the third quarter. Diligent Investors LLC now owns 14,634 shares of the company’s stock worth $237,000 after buying an additional 4,126 shares in the last quarter. Finally, UBS Group AG grew its holdings in Alpine Income Property Trust by 34.0% in the second quarter. UBS Group AG now owns 32,495 shares of the company’s stock worth $582,000 after purchasing an additional 8,242 shares during the period. Institutional investors and hedge funds own 55.57% of the company’s stock.
Insider Buying and Selling
In other news, major shareholder Cto Realty Growth, Inc. purchased 1,800 shares of the company’s stock in a transaction dated Tuesday, September 20th. The stock was bought at an average cost of $17.88 per share, for a total transaction of $32,184.00. Following the purchase, the insider now owns 1,800 shares of the company’s stock, valued at $32,184. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased 29,600 shares of company stock valued at $494,426 over the last 90 days. 0.50% of the stock is owned by corporate insiders.
Alpine Income Property Trust Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Monday, September 12th were given a $0.275 dividend. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, September 9th. This represents a $1.10 annualized dividend and a dividend yield of 6.06%. Alpine Income Property Trust’s dividend payout ratio is presently 44.53%.
About Alpine Income Property Trust
Alpine Income Property Trust, Inc (NYSE: PINE) is a publicly traded real estate investment trust that acquires, owns and operates a portfolio of high-quality single-tenant net leased commercial income properties.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Alpine Income Property Trust, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Alpine Income Property Trust wasn’t on the list.
While Alpine Income Property Trust currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
