Alpine Income Property Trust (NYSE:PINE) Issues Quarterly Earnings Results

Alpine Income Property Trust (NYSE:PINE) released its quarterly earnings results on Thursday. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.04 by $0.40, Zacks reports. Alpine Income Property Trust had a return on equity of 1.23% and a net margin of 6.72%. Alpine Income Property Trust updated its FY 2025 guidance to 1.700-1.730 EPS.

Alpine Income Property Trust Stock Down 0.6 %

Shares of PINE stock traded down $0.10 during trading hours on Thursday, reaching $17.22. The company had a trading volume of 100,502 shares, compared to its average volume of 89,246. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.85 and a current ratio of 3.85. Alpine Income Property Trust has a twelve month low of $14.32 and a twelve month high of $19.42. The company has a market capitalization of $245.76 million, a P/E ratio of 78.29, a price-to-earnings-growth ratio of 1.58 and a beta of 0.80. The stock’s fifty day simple moving average is $16.92 and its 200 day simple moving average is $17.52.

Alpine Income Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were paid a $0.28 dividend. The ex-dividend date was Thursday, December 12th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.50%. Alpine Income Property Trust’s dividend payout ratio (DPR) is currently 509.11%.

Insider Activity

In related news, Director Wein Rachel Elias sold 2,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $18.00, for a total value of $36,000.00. Following the completion of the transaction, the director now owns 9,492 shares of the company’s stock, valued at approximately $170,856. This represents a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.74% of the company’s stock.

Analyst Ratings Changes

PINE has been the topic of a number of recent research reports. UBS Group initiated coverage on Alpine Income Property Trust in a report on Monday, October 14th. They issued a “neutral” rating and a $19.00 target price on the stock. Stifel Nicolaus boosted their target price on Alpine Income Property Trust from $19.75 to $20.25 and gave the stock a “buy” rating in a research report on Monday, October 21st. Robert W. Baird upped their price objective on Alpine Income Property Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, Alliance Global Partners upped their target price on Alpine Income Property Trust from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.25.

About Alpine Income Property Trust

Alpine Income Property Trust, Inc (NYSE: PINE) is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased properties that are predominately leased to high-quality publicly traded and credit-rated tenants.