Alpine Income Property Trust (PINE) to Release Earnings on Thursday

Alpine Income Property Trust (NYSE:PINE) will be releasing its earnings data after the market closes on Thursday, April 18th. Analysts expect Alpine Income Property Trust to post earnings of $0.38 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Alpine Income Property Trust Trading Down 2.8 %

Shares of PINE opened at $14.81 on Wednesday. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 1.00. Alpine Income Property Trust has a 12-month low of $14.25 and a 12-month high of $17.72. The firm has a 50-day moving average price of $15.49 and a 200 day moving average price of $15.96. The firm has a market capitalization of $201.71 million, a P/E ratio of 77.95, a P/E/G ratio of 1.64 and a beta of 0.80.

Alpine Income Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.43%. The ex-dividend date was Wednesday, March 13th. Alpine Income Property Trust’s dividend payout ratio is currently 578.98%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Alpine Income Property Trust by 5.2% during the 3rd quarter. Royal Bank of Canada now owns 11,396 shares of the company’s stock valued at $185,000 after acquiring an additional 565 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Alpine Income Property Trust by 17.5% during the 4th quarter. JPMorgan Chase & Co. now owns 4,275 shares of the company’s stock valued at $82,000 after acquiring an additional 636 shares during the last quarter. UBS Group AG increased its stake in shares of Alpine Income Property Trust by 3.0% during the 1st quarter. UBS Group AG now owns 24,253 shares of the company’s stock valued at $455,000 after acquiring an additional 703 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Alpine Income Property Trust by 1.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 61,910 shares of the company’s stock valued at $1,005,000 after acquiring an additional 738 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Alpine Income Property Trust by 2.9% during the 3rd quarter. Rhumbline Advisers now owns 27,151 shares of the company’s stock valued at $444,000 after acquiring an additional 754 shares during the last quarter. Institutional investors and hedge funds own 60.50% of the company’s stock.

Analyst Ratings Changes

PINE has been the subject of several research analyst reports. Alliance Global Partners initiated coverage on shares of Alpine Income Property Trust in a research note on Thursday, April 11th. They set a “buy” rating and a $19.00 target price for the company. Jonestrading lowered their price objective on shares of Alpine Income Property Trust from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, February 12th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $19.60.

Alpine Income Property Trust Company Profile

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.