Alliance Global Partners has revised its price target for Alpine Income Property Trust (PINE, Financial), reducing it from $20 to $19. Despite the adjustment, the firm continues to maintain a Buy rating for the stock.
Alpine Income Property reported first-quarter funds from operations that exceeded the firm's projections by 2 cents per share. Additionally, the company demonstrated active participation in the transaction market and maintained strong liquidity throughout the period.
While the analyst acknowledges macroeconomic challenges, there has been no significant impact noted from tariffs on Alpine's transactions or its tenants so far. This indicates a stable operational environment despite broader economic uncertainties.
