Alpine Income Property Trust price target lowered to $18.50 at Stifel

Investing.com - Stifel has lowered its price target on Alpine Income Property Trust (NYSE:PINE) to $18.50 from $18.75 while maintaining a Buy rating on the stock. Currently trading at $14.53, the REIT offers a substantial 7.85% dividend yield and has maintained dividend growth for six consecutive years, according to InvestingPro data.

The price target adjustment follows Alpine Income Property Trust’s recent quarterly update detailing its acquisition and disposition activities during the second quarter of 2025.

According to Stifel, Alpine Income Property Trust completed $6.6 million in acquisitions during the second quarter at a weighted average cap rate of approximately 9.8%, while disposition activity totaled $16.5 million at a 7.9% cap rate.

Year-to-date, the real estate investment trust has reported total acquisitions of $85.9 million at a weighted average cap rate of 9.1%, alongside dispositions totaling $28.2 million at a weighted average cap rate of 8.4%.

Despite the slight reduction in price target, Stifel has maintained its Buy rating on Alpine Income Property Trust stock, suggesting continued confidence in the company’s overall investment strategy. Trading near its 52-week low of $14.42, InvestingPro analysis reveals 8 additional key insights about PINE’s valuation and growth prospects in their comprehensive Pro Research Report.

In other recent news, Alpine Income Property Trust reported its first-quarter earnings for 2025, revealing a miss on earnings per share (EPS) expectations. The company reported an EPS of -$0.08, falling short of the anticipated $0.02. However, revenues exceeded forecasts, reaching $14.2 million against the projected $13.67 million. Despite the earnings miss, Alpine Income raised its full-year guidance for funds from operations (FFO) and adjusted funds from operations (AFFO) to a range of $1.74-$1.77 per share. Additionally, the company declared a quarterly cash dividend of $0.285 per share, continuing its practice of annual dividend increases. Alpine Income’s strategic investments in the first quarter included acquiring three properties and originating several loans, totaling an investment of $79.2 million. The company remains optimistic about its future, with plans to continue its investment activities with a guidance range of $70-$100 million for the full year. Analysts have noted that while the company faces potential risks, such as market volatility and economic conditions, its diversified tenant portfolio and strategic capital management may help mitigate these challenges.

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