Alpine Income Property Trust Inc (PINE) Receives a Buy from Raymond James

In a report released today, RJ Milligan from Raymond James maintained a Buy rating on Alpine Income Property Trust Inc (PINEResearch Report), with a price target of $21.00. The company’s shares closed last Friday at $18.19.

According to TipRanks, Milligan is a 5-star analyst with an average return of 11.5% and a 67.71% success rate. Milligan covers the Financial sector, focusing on stocks such as CTO Realty Growth, Agree Realty, and National Retail Properties.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alpine Income Property Trust Inc with a $21.45 average price target, a 17.92% upside from current levels. In a report released on August 22, BTIG also maintained a Buy rating on the stock with a $23.00 price target.

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PINE market cap is currently $215.9M and has a P/E ratio of 9.99.

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Alpine Income Property Trust, Inc. is a real estate company, which owns and operates portfolio of single-tenant commercial properties. The company was founded in August 2019 and is headquartered in Daytona Beach, FL.

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