Alliance Global Partners lowered the firm’s price target on Alpine Income Property (PINE) to $18 from $19 and keeps a Buy rating on the shares. The company’s Q2 FFO per share was in-line with the firm’s estimate and consensus, and there was modest investment activity following a strong Q1, the analyst tells investors in a research note. The firm also noted that 2025 FFO guidance was unchanged while acquisition and investment guidance was raised, adding that liquidity remained robust.
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Read More on PINE:
- Alpine Income Property price target lowered to $19 from $19.50 at B. Riley
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- Alpine Income Property backs FY25 AFFO view $1.74-$1.77, consensus $1.77
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