Alpine Income Property Trust: Climbing The Mountain (Rating Upgrade) [Seeking Alpha]
Alpine Income Property Trust, Inc. (PINE)
Last alpine income property trust, inc. earnings: 4/27 04:22 pm
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Source: Seeking Alpha
Management has made good progress backfilling Mountain Express' space and is now focused on high-grading its tenant base. Significant share buybacks in Q4 have boosted our NAV per share estimate, which we now believe provides an attractive margin of safety. With no debt maturities until 2026, we see limited capital markets risk for Alpine and feel comfortable upgrading it to a Buy. Summary Since our initial report on Alpine Income Property Trust, Inc. ( NYSE: PINE ), the shares have been largely rangebound. The market reacted favorably to a [strong] Q4 '23 earnings report, but promptly retraced back down to the ~$16/share level. This report provides our thoughts on the quarter, revised valuation, and outlook for the year ahead. Overall, we feel much better about the story, given Alpine's capital allocation activity during the quarter and are upgrading it to a weak Buy. Given that it is externally managed and a relatively small platform in the net lease space, we still have so
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PINE
News
- 4 REITs With Recent Price Target Cuts [Yahoo! Finance]Yahoo! Finance
- Alpine Income Property Trust, Inc. (NYSE: PINE) had its price target lowered by analysts at BTIG Research from $23.00 to $19.00. They now have a "buy" rating on the stock.MarketBeat
- Alpine Income Property Trust, Inc. (NYSE:PINE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Alpine Income Property Trust First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Alpine Income Property Trust, Inc. (NYSE: PINE) had its price target lowered by analysts at Jonestrading from $19.00 to $18.00. They now have a "buy" rating on the stock.MarketBeat
PINE
Earnings
- 4/18/24 - Beat
PINE
Sec Filings
- 4/18/24 - Form 10-Q
- 4/18/24 - Form 8-K
- 4/9/24 - Form ARS
- PINE's page on the SEC website