Stifel's Price Target Increase#
Stifel has raised its price target for Alpine Income Property Trust shares (NYSE:PINE) from $20.50 to $21.50, while maintaining a Buy rating. This adjustment comes after the company provided updated guidance for 2026.
Improved 2026 Guidance#
Alpine Income Property Trust now anticipates adjusted funds from operations (AFFO) per share for 2026 to be between $2.11 and $2.15. This is an increase from the previous estimate of $2.09 to $2.13, indicating a growth rate of 12.7% at the midpoint. The stock has reacted positively to this news, currently trading at $19.66, reflecting a 47% increase over the past six months and nearing its 52-week high of $20.80.
Increased Investment Volume#
The company has also raised its expected investment volume significantly, now projecting between $170 million and $200 million, up from a previous range of $70 million to $100 million. Meanwhile, it has kept its disposition guidance steady at $30 million to $60 million.
Strong Fourth-Quarter Performance#
In addition to the positive guidance, Alpine Income Property Trust reported strong fourth-quarter earnings, exceeding expectations. The company posted earnings per share of $0.06, surpassing the projected $0.05, and generated revenue of $16.9 million, which was above the anticipated $15.34 million. Furthermore, the company originated a $32 million first mortgage loan, with $8.6 million funded at closing, featuring a 24-month term and an interest rate that starts at 13.00% and can decrease to 11.50% upon meeting certain conditions.
Analyst Upgrades#
Raymond James has also upgraded Alpine Income Property Trust to a Strong Buy rating from Outperform, setting a price target of $22.00. This upgrade follows the company's strong earnings report and optimistic 2026 guidance, which suggests an 11% year-over-year growth, marking it as one of the best in the net-lease sector.