Alliance Global Partners lowered the firm’s price target on Alpine Income Property (PINE) to $20 from $21 and keeps a Buy rating on the shares following the Q4 report. Occupancy declined in Q4 as a result of one vacancy and an additional vacancy is expected, the analyst tells investors in a research note. However, the firm still sees an improved portfolio, a value creation opportunity through acquisitions, and a balance sheet with liquidity and no debt maturing until May 2026.
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Read More on PINE:
- Alpine Income Property reports Q4 AFFO 44c, consensus 42c
- Alpine Income Property sees FY25 AFFO $1.70-$1.73, consensus $1.78
- Alpine Income Property Trust Reports 2024 Financial Results
- Alpine Income Property price target lowered to $20.50 from $21 at B. Riley
- PINE Upcoming Earnings Report: What to Expect?
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