Baird Downgrades Alpine Income Property Trust to 'Hold'

Baird analyst RJ Milligan has downgraded Alpine Income Property Trust, Inc. (NYSE:PINE) to a 'hold' rating, setting a price target of $21. This change was reported on June 30, 2026. Shares of Alpine traded near $21.26 on Tuesday.

Analysts Set New Price Targets

On June 30, 2026, Baird downgraded Alpine Income Property Trust to a 'hold' rating, with a price target of $21. Truist Securities maintained its 'hold' rating on May 21, 2026, with a $20 target. Earlier, on April 24, 2026, Jones Trading maintained a 'buy' rating, targeting $22. Raymond James upgraded the stock to 'buy' on March 17, 2026, with a $22 target.

Other Institutional Activity in Alpine Income Property Trust

Several institutional investors have made changes to their positions in Alpine Income Property Trust. Sound Income Strategies, LLC reduced its holdings by 6,736 shares, leaving it with 1,209,758 shares valued at approximately $21.9 million. BlackRock, Inc. cut its stake by 207,227 shares, holding 1,057,730 shares worth about $19 million. Vanguard Capital Management LLC opened a new position with 618,986 shares valued at $11.1 million. Two Sigma Investments, LP significantly increased its holdings by 451,795 shares to 602,470 shares, valued at $10.8 million.

Alpine Income Property Trust, Inc. Stock Up 6.3%

Shares of Alpine Income Property Trust traded around $21.26 on Tuesday. The company has a market cap of $343.5 million and a forward P/E ratio of 42.7. Alpine's stock has a 52-week low of $13.10 and a high of $21.20. Its 50-day moving average is $19.46, with a 200-day moving average of $17.56. The company holds a current ratio of 36.1 and a quick ratio of 1.25, with a debt-to-equity ratio of 114.8.

Recent Earnings

Alpine Income Property Trust reported revenue of $64.7 million with a growth rate of 29.6%. However, the company posted a net margin of just 1.1% and a return on equity of 0.25%. The next earnings release is scheduled for July 23, 2026.

Dividend

Alpine Income Property Trust offers an annual dividend rate of $1.17, yielding 5.63%. The payout ratio stands at 14%.

Insider Buying and Selling at Alpine Income Property Trust, Inc.

Recent insider activity includes Andrew Richardson selling 2,832 shares on June 25, 2026, at an average price of $19.96. Earlier, Richardson sold 1,500 shares on May 26, 2026, at $19.39. On April 1, 2026, Rachel Elias Wein and Brenna Andrea Wadleigh each purchased shares at $18.77.

About Alpine Income Property Trust, Inc.

Alpine Income Property Trust, Inc. is a real estate investment trust based in Winter Park, Florida. The company focuses on owning and managing single-tenant net leased commercial properties, primarily leased to high-quality tenants. Established in 2019, Alpine aims to provide attractive returns and steady dividends. Its CEO is John P. Albright.

Bottom Line

Baird's downgrade of Alpine Income Property Trust to 'hold' reflects a cautious outlook, with a price target of $21. Investors track these ratings as they offer insights into market sentiment. Remember, analyst ratings are backward-looking and may not reflect current market conditions.