Truist Financial Lowers Alpine Income Property Trust (NYSE:PINE) Price Target to $20.00

Alpine Income Property Trust (NYSE:PINE) had its price target cut by equities researchers at Truist Financial from $21.00 to $20.00 in a report issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 5.60% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus set a $21.50 target price on shares of Alpine Income Property Trust in a research note on Friday, April 24th. B. Riley Financial restated a “buy” rating on shares of Alpine Income Property Trust in a research note on Thursday, February 5th. iA Financial set a $21.00 price target on Alpine Income Property Trust in a research note on Friday, February 6th. Alliance Global Partners restated a “buy” rating on shares of Alpine Income Property Trust in a research note on Tuesday, April 28th. Finally, Cantor Fitzgerald raised shares of Alpine Income Property Trust to a “strong-buy” rating in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.21.

Alpine Income Property Trust Stock Down 0.9%

Shares of NYSE:PINE traded down $0.17 on Thursday, reaching $18.94. The company had a trading volume of 32,965 shares, compared to its average volume of 176,875. The firm has a market capitalization of $312.89 million, a PE ratio of -210.27, a PEG ratio of 1.28 and a beta of 0.56. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 1.08. Alpine Income Property Trust has a 52-week low of $13.10 and a 52-week high of $20.80. The firm’s 50 day simple moving average is $18.96 and its 200-day simple moving average is $18.08.

Alpine Income Property Trust (NYSE:PINE) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $18.41 million for the quarter, compared to the consensus estimate of $17.62 million. Alpine Income Property Trust had a net margin of 1.09% and a return on equity of 0.25%. Alpine Income Property Trust has set its FY 2026 guidance at 2.110-2.150 EPS. As a group, analysts expect that Alpine Income Property Trust will post 2.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Andrew C. Richardson sold 3,000 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $19.35, for a total value of $58,050.00. Following the transaction, the director directly owned 14,376 shares of the company’s stock, valued at approximately $278,175.60. This represents a 17.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Alpine Income Property Trust

Several hedge funds and other institutional investors have recently bought and sold shares of PINE. Invesco Ltd. grew its holdings in Alpine Income Property Trust by 1,344.2% during the fourth quarter. Invesco Ltd. now owns 441,935 shares of the company’s stock worth $7,389,000 after acquiring an additional 411,334 shares during the period. Heartland Advisors Inc. lifted its holdings in Alpine Income Property Trust by 25.1% in the third quarter. Heartland Advisors Inc. now owns 692,400 shares of the company’s stock valued at $9,811,000 after acquiring an additional 138,770 shares during the period. AlphaCentric Advisors LLC purchased a new stake in Alpine Income Property Trust in the 4th quarter worth approximately $1,884,000. Sound Income Strategies LLC grew its stake in shares of Alpine Income Property Trust by 8.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,216,494 shares of the company’s stock worth $21,349,000 after purchasing an additional 90,320 shares during the period. Finally, Raymond James Financial Inc. grew its stake in shares of Alpine Income Property Trust by 74.0% during the 3rd quarter. Raymond James Financial Inc. now owns 141,315 shares of the company’s stock worth $2,002,000 after purchasing an additional 60,115 shares during the period. Institutional investors and hedge funds own 60.50% of the company’s stock.

Alpine Income Property Trust Company Profile

Alpine Income Property Trust, Inc is a publicly traded real estate investment trust that specializes in acquiring, owning and managing single-tenant net lease properties. The company focuses on sale-leaseback and build-to-suit transactions with food and beverage companies, targeting facilities that support production, distribution and processing operations. By structuring long-term, triple-net leases, Alpine Income Property Trust seeks to deliver stable, predictable cash flow while allowing tenants to unlock capital from real estate assets and reinvest in their core businesses.

The company’s portfolio is diversified across multiple U.S.