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Alpine Income Property Trust (PINE) PT Lowered to $18 at Stifel

June 3, 2024 9:49 AM EDT

Stifel analyst Simon Yarmak lowered the price target on Alpine Income Property Trust (NYSE: PINE) to $18.00 (from $18.75) while maintaining a Buy rating.

The analyst comments "Details Of Loan Investment. This portfolio loan was originated by PINE in November 2023 as a $24 million loan at an 8.75%... More