Key insights
- Raymond James upgraded Alpine Income Property (PINE) to Strong Buy, citing strong growth prospects with an 11% year-over-year adjusted funds from operations growth. The firm sees the stock as undervalued despite recent gains, highlighting its attractive 6.5% dividend yield and well-covered dividend. This positive analyst action could lead to increased investor interest and upward price movement in PINE, potentially influencing sentiment in the net-lease REIT sector.
Investing.com - Raymond James upgraded Alpine Income Property Trust (NYSE:PINE) to Strong Buy from Outperform with a price target of $22.00.
The upgrade follows the company’s fourth-quarter earnings report. Alpine Income Property’s 2026 adjusted funds from operations guidance implies 11% year-over-year growth, the highest in the net-lease sector, according to Raymond James.
The firm views the shares as attractively valued despite a 30% recovery over the past three months. The stock currently trades at $18.82 and has delivered a 33% return over the past six months. The stock trades at approximately a 10% discount to Raymond James’ net asset value estimate and 9 times 2026 estimated adjusted funds from operations, though InvestingPro Fair Value analysis suggests the shares are slightly overvalued at current levels.
Alpine Income Property offers a 6.5% dividend yield. Raymond James describes the dividend as attractive and well-covered. According to InvestingPro Tips, the company has raised its dividend for seven consecutive years, demonstrating commitment to shareholder returns. Investors can access additional ProTips and the comprehensive Pro Research Report for PINE on the platform.
The firm considers Alpine Income Property its best value idea in the sector following recent gains in other deep value names including EPR Properties, NetSTREIT, Favor Real Estate Income Trust, PS Business Parks, and Getty Realty.
In other recent news, Alpine Income Property Trust Inc. reported its fourth-quarter earnings, surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of $0.06, exceeding the forecasted $0.05. Revenue also outperformed projections, reaching $16.9 million compared to the anticipated $15.34 million. Additionally, Alpine Income Property Trust originated a $32.0 million first mortgage loan investment, with $8.6 million funded at the time of closing. The loan features a 24-month term and an interest rate of 13.00%, which adjusts to 11.50% upon meeting certain conditions. These developments highlight Alpine’s recent financial activities and strategic moves.
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