B. Riley analyst John Massocca kept a Buy rating on Alpine Income Property Trust with a $19.50 price target following a transfer of coverage. The analyst’s favorable outlook is driven by the contrast between the company’s “strong” portfolio dynamics and discounted multiple versus. the peer group, as well as by the long-term potential for positive valuation catalysts.
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Read More on PINE:
- Alpine Income Property Trust Declares Dividend For the Fourth Quarter 2023
- Alpine Income Property Trust Announces $24 Million First Mortgage Investment Secured by 41-Property Portfolio
- Alpine Income Property announces $24M first mortgage investment
- Alpine Income Property price target lowered to $20 from $22 at JonesResearch
- Alpine Income Property falls -10.5%
