Alpine Income Property Trust (NYSE:PINE) Upgraded by TheStreet to “B-“

TheStreet upgraded shares of Alpine Income Property Trust (NYSE:PINEGet Rating) from a c- rating to a b- rating in a research note released on Monday morning, TheStreetRatingsTable reports.

PINE has been the subject of several other research reports. Jonestrading dropped their price target on shares of Alpine Income Property Trust from $23.00 to $22.00 and set a buy rating for the company in a research report on Tuesday, October 25th. Raymond James dropped their price target on shares of Alpine Income Property Trust from $21.00 to $20.00 and set an outperform rating for the company in a research report on Tuesday, October 4th. Finally, B. Riley dropped their price objective on shares of Alpine Income Property Trust from $23.00 to $21.00 and set a buy rating for the company in a report on Tuesday, October 25th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $20.75.

Alpine Income Property Trust Stock Performance

NYSE:PINE opened at $18.70 on Monday. Alpine Income Property Trust has a 12-month low of $15.41 and a 12-month high of $21.07. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $222.72 million, a PE ratio of 7.57, a price-to-earnings-growth ratio of 1.78 and a beta of 0.83. The firm has a 50-day moving average price of $17.47 and a 200 day moving average price of $17.93.

Alpine Income Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Monday, December 12th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date is Friday, December 9th. Alpine Income Property Trust’s dividend payout ratio is currently 44.53%.

Insider Activity at Alpine Income Property Trust

In related news, major shareholder Cto Realty Growth, Inc. purchased 1,800 shares of the stock in a transaction that occurred on Tuesday, September 20th. The stock was acquired at an average price of $17.88 per share, with a total value of $32,184.00. Following the completion of the acquisition, the insider now directly owns 1,800 shares in the company, valued at approximately $32,184. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased a total of 29,600 shares of company stock valued at $494,426 over the last quarter. Corporate insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Alpine Income Property Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC bought a new position in Alpine Income Property Trust in the third quarter valued at approximately $50,000. RiverPark Advisors LLC bought a new position in shares of Alpine Income Property Trust during the first quarter worth $137,000. Guardian Wealth Management Inc. boosted its position in shares of Alpine Income Property Trust by 12.4% during the first quarter. Guardian Wealth Management Inc. now owns 9,537 shares of the company’s stock worth $179,000 after purchasing an additional 1,051 shares in the last quarter. Financial Counselors Inc. bought a new stake in Alpine Income Property Trust in the 2nd quarter valued at $179,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in Alpine Income Property Trust by 12.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 10,200 shares of the company’s stock valued at $165,000 after acquiring an additional 1,100 shares in the last quarter. 55.57% of the stock is owned by institutional investors.

About Alpine Income Property Trust

(Get Rating)

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.

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