Alpine Income Property price target raised to $16 from $15 at Truist

Truist analyst Anthony Hau raised the firm’s price target on Alpine Income Property to $16 from $15 and keeps a Hold rating on the shares as part of a broader research note on REITs. The firm is relatively bullish on the sector following a challenging 2023 that was mired by volatile inflationary environment and believes that REITs should benefit from a favorable backdrop of improved cost of capital environment, liquidity and attractive valuation levels, the analyst tells investors in a research note.