Sat Nov 16 22:54:47 UTC 2024: **Alpine Income Property Trust Receives Moderate Buy Rating, Despite Recent Earnings Miss**

**Sioux Falls, SD – November 1, 2024** – Alpine Income Property Trust, Inc. (NYSE: PINE) has received a consensus Moderate Buy rating from nine research firms, according to MarketBeat.com. While seven firms issued buy recommendations and two issued hold recommendations, the average 12-month price target sits at $19.25. This follows a recent earnings report where the company missed analysts’ estimates, reporting $0.21 EPS versus the expected $0.40. Revenue for the quarter reached $13.48 million, exceeding expectations of $12.08 million.

Several firms recently updated their ratings and price targets for PINE. Stifel Nicolaus raised their target to $20.25, while B. Riley maintained a buy rating with a $20.00 target. Truist Financial gave a hold rating with an $18.00 target price. UBS Group initiated coverage with a neutral rating and $19.00 target. Raymond James upgraded their rating to outperform and set a $19.00 target.

Despite the mixed analyst sentiment, institutional investors have shown increased interest. Several firms, including Truvestments Capital LLC, Quadrature Capital Ltd, and Jacobs Levy Equity Management Inc., purchased new positions in PINE during the third quarter. Rhumbline Advisers and Tidal Investments LLC also increased their existing holdings. Institutional investors currently own 60.50% of the company’s stock.

PINE’s stock closed at $17.64 on Friday, down $0.07, with a trading volume of 61,676 shares. The company also recently paid a quarterly dividend of $0.28, representing a $1.12 annualized dividend and a yield of 6.35%. However, this translates to a high dividend payout ratio of 509.11%. The company’s 52-week low is $14.32, and its 52-week high is $19.42.

While MarketBeat notes the Moderate Buy rating, it highlights that other stocks are considered better buys by top-rated analysts. Further research is advised before investing in PINE.

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