Alpine Income Property Trust (NYSE:PINE) Price Target Lowered to $19.25 at Stifel Nicolaus

Alpine Income Property Trust (NYSE:PINE) had its target price lowered by equities research analysts at Stifel Nicolaus from $19.50 to $19.25 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 15.75% from the company’s current price.

Alpine Income Property Trust Trading Down 0.6 %

Alpine Income Property Trust stock traded down $0.10 during midday trading on Thursday, reaching $16.63. The stock had a trading volume of 6,571 shares, compared to its average volume of 72,076. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.94 and a current ratio of 0.94. Alpine Income Property Trust has a twelve month low of $14.33 and a twelve month high of $19.42. The stock has a market capitalization of $244.33 million, a PE ratio of 118.71, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82. The stock’s 50-day simple moving average is $16.50 and its 200 day simple moving average is $17.14.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.40. Alpine Income Property Trust had a net margin of 3.96% and a return on equity of 0.76%. Analysts expect that Alpine Income Property Trust will post 1.74 EPS for the current year.

Insider Transactions at Alpine Income Property Trust

In other news, Director Andrew C. Richardson sold 2,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $16.64, for a total value of $33,280.00. Following the sale, the director now owns 17,143 shares in the company, valued at approximately $285,259.52. This represents a 10.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.74% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PINE. Ameriflex Group Inc. acquired a new position in Alpine Income Property Trust in the fourth quarter worth approximately $43,000. BNP Paribas Financial Markets acquired a new stake in Alpine Income Property Trust during the 4th quarter valued at $44,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Alpine Income Property Trust in the third quarter worth $64,000. PNC Financial Services Group Inc. grew its holdings in shares of Alpine Income Property Trust by 25.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,282 shares of the company’s stock valued at $72,000 after buying an additional 867 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new stake in Alpine Income Property Trust in the 4th quarter worth about $75,000. Institutional investors and hedge funds 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.