Truist cuts Alpine Income Property stock price target on industrial acquisition
Truist Securities reduced its price target on Alpine Income Property Trust (PINE) to $19 from $20, maintaining a Hold rating. The company plans to acquire a 13-property industrial portfolio for $117.3 million, with an estimated 8.2% cash yield. PINE's stock trades at $17.64, offering a 7.26% dividend yield. The firm's 2027 adjusted funds from operations estimate is $2.20 per share, above the company's guidance.



