Alpine Income Property price target lowered to $20 from $22 at JonesResearch

JonesResearch lowered the firm’s price target on Alpine Income Property to $20 from $22 and keeps a Buy rating on the shares post the Q3 report. The company’s funds from operations marginally missed estimates but Alpine has successfully recycled assets and will have “ample opportunities to continue this strategy as cap rates continue to widen,” the analyst tells investors in a research note.