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Investing.com – Stifel raised its price target on Alpine Income Property Trust shares (NYSE:PINE) to $21.50 from $20.50 while maintaining a Buy rating on the stock.
The firm increased its target following Alpine Income Property Trust’s revised 2026 guidance. The company now expects 2026 adjusted funds from operations per share of $2.11 to $2.15, up from its prior range of $2.09 to $2.13, representing 12.7% growth at the midpoint. The stock has responded positively, trading at $19.66 with a 47% gain over the past six months and currently sitting near its 52-week high of $20.80.
Alpine Income Property Trust raised its expected investment volume to $170 million to $200 million from $70 million to $100 million. The company maintained its disposition guidance at $30 million to $60 million.
The Street consensus had been at $2.09 for 2026 adjusted funds from operations. Stifel noted that the adjusted funds from operations growth should be the best in the sector and among the top five in all real estate investment trusts.
Alpine Income Property Trust is a real estate investment trust focused on single-tenant commercial properties.
In other recent news, Alpine Income Property Trust Inc. reported strong fourth-quarter earnings, exceeding Wall Street expectations. The company achieved an earnings per share of $0.06, surpassing the projected $0.05, and reported revenue of $16.9 million, which was higher than the anticipated $15.34 million. Additionally, Alpine Income Property Trust originated a $32 million first mortgage loan, with $8.6 million funded at closing. This loan carries a 24-month term with an interest rate of 13.00%, stepping down to 11.50% upon the borrower’s satisfaction of certain conditions.
Furthermore, Raymond James upgraded Alpine Income Property Trust to Strong Buy from Outperform, setting a price target of $22.00. This upgrade follows the company’s robust fourth-quarter earnings report and its 2026 adjusted funds from operations guidance, which implies an 11% year-over-year growth, the highest in the net-lease sector. These developments indicate a period of significant activity and growth for Alpine Income Property Trust.
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