Alpine Income Property Trust (NASDAQ:PINE) – Analysts at B. Riley dropped their Q3 2020 earnings per share estimates for Alpine Income Property Trust in a research note issued to investors on Wednesday, February 5th. B. Riley analyst C. Kucera now anticipates that the company will post earnings of $0.32 per share for the quarter, down from their previous estimate of $0.33. B. Riley has a “Buy” rating and a $22.00 price objective on the stock.
PINE has been the subject of a number of other research reports. DA Davidson reaffirmed a “buy” rating on shares of Alpine Income Property Trust in a report on Thursday, December 26th. Robert W. Baird started coverage on Alpine Income Property Trust in a report on Tuesday, December 17th. They set an “outperform” rating and a $23.00 target price for the company. Finally, Raymond James began coverage on Alpine Income Property Trust in a report on Wednesday, December 18th. They set an “outperform” rating for the company.
PINE stock opened at $19.08 on Thursday. Alpine Income Property Trust has a twelve month low of $18.30 and a twelve month high of $19.33. The firm’s 50-day moving average is $19.03.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be issued a dividend of $0.20 per share. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $0.80 annualized dividend and a dividend yield of 4.19%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Forward Management LLC purchased a new position in shares of Alpine Income Property Trust during the fourth quarter worth about $1,124,000. Peregrine Capital Management LLC purchased a new position in shares of Alpine Income Property Trust during the fourth quarter worth about $5,198,000. Nisa Investment Advisors LLC purchased a new position in shares of Alpine Income Property Trust during the fourth quarter worth about $26,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in shares of Alpine Income Property Trust during the fourth quarter worth about $1,761,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Alpine Income Property Trust during the fourth quarter worth about $237,000.
Alpine Income Property Trust Company Profile
Alpine Income Property Trust, Inc is a newly organized real estate company that owns and operates a portfolio of high-quality single-tenant net lease commercial properties, all of which are leased on a long-term basis and located primarily in or in close proximity to major metropolitan statistical areas.