Alpine Income Property Trust (NYSE:PINE – Free Report) had its price objective trimmed by Stifel Nicolaus from $19.00 to $18.75 in a research note released on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.
Other analysts have also issued reports about the stock. Alliance Global Partners began coverage on shares of Alpine Income Property Trust in a research report on Thursday, April 11th. They set a buy rating and a $19.00 price target for the company. Jonestrading cut their price target on shares of Alpine Income Property Trust from $20.00 to $19.00 and set a buy rating for the company in a research report on Monday, February 12th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of Buy and an average price target of $19.15.
Read Our Latest Stock Report on PINE
Alpine Income Property Trust Price Performance
Alpine Income Property Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.275 per share. The ex-dividend date was Wednesday, March 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.41%. Alpine Income Property Trust’s dividend payout ratio is currently -2,750.00%.
Institutional Trading of Alpine Income Property Trust
Institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. purchased a new stake in Alpine Income Property Trust in the fourth quarter worth about $26,000. State of Wyoming purchased a new stake in Alpine Income Property Trust in the second quarter worth about $29,000. Tower Research Capital LLC TRC lifted its holdings in Alpine Income Property Trust by 312.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,910 shares of the company’s stock worth $49,000 after buying an additional 2,205 shares during the period. JPMorgan Chase & Co. lifted its holdings in Alpine Income Property Trust by 17.5% in the fourth quarter. JPMorgan Chase & Co. now owns 4,275 shares of the company’s stock worth $82,000 after buying an additional 636 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Alpine Income Property Trust in the third quarter worth about $70,000. 60.50% of the stock is currently owned by hedge funds and other institutional investors.
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.
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