Streetbeat News

PINE

Alpine Income Property Trust, Inc.

https://www.alpinereit.com

Industry

REIT - Retail

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.

Open

17.82

Mkt cap

257M

Volume

142K

High

17.98

P/E Ratio

78.17

52-wk high

19.42

Low

17.72

Div yield

0.06

52-wk low

14.32

Alpine Income Prop Trust (NYSE:PINE) has been analyzed by 5 analysts, showing a range of ratings from bullish to indifferent. The average 12-month price target has increased by 6.42% to $19.05. Analysts have raised their ratings and price targets, indicating a positive outlook. Despite this, the company's revenue growth and net margin lag behind industry averages, though it has a strong ROE and conservative debt management.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 12:00 pm

Raymond James analyst RJ Milligan has maintained an 'Outperform' rating on Alpine Income Prop Trust (NYSE:PINE) and raised the price target from $18 to $19.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:01 am

In the past three months, four analysts have provided ratings for Alpine Income Prop Trust (NYSE:PINE), with three being bullish and one indifferent. The average 12-month price target has increased by 6.6% to $19.06. Analysts from Truist Securities, B. Riley Securities, Jones Trading, and Stifel have all raised their price targets recently.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 3:00 pm

Truist Securities has maintained a Hold rating on Alpine Income Property Trust (NYSE:PINE) while raising the price target from $16 to $18.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:14 pm

B. Riley Securities has reiterated its Buy rating on Alpine Income Property Trust (NYSE:PINE) and raised the price target from $19.5 to $20.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 3:35 pm

Jones Trading analyst Jason Weaver maintains a Buy rating on Alpine Income Prop Trust (NYSE:PINE) and raises the price target from $18 to $19.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 3:04 pm

Stifel analyst Nathan Jones maintains a Buy rating on Alpine Income Prop Trust (NYSE:PINE) and raises the price target from $18 to $19.25.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 12:54 pm

Alpine Income Prop Trust (NYSE:PINE) reported Q2 earnings of $0.43 per share, beating the analyst estimate of $0.39. Sales were $12.49 million, also surpassing the $11.96 million estimate. Both earnings and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:17 pm

Alpine Income Property Trust has appointed Philip R. Mays as Senior Vice President, Chief Financial Officer, and Treasurer, effective June 17, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 8:12 pm

BTIG analyst Michael Gorman maintains a Buy rating on Alpine Income Prop Trust (NYSE:PINE) but lowers the price target from $23 to $19.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 5:37 pm

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