Analysts Set Expectations for Alpine Income Property Trust, Inc.’s Q1 2024 Earnings (NYSE:PINE)

Alpine Income Property Trust, Inc. (NYSE:PINE) – Equities researchers at B. Riley dropped their Q1 2024 earnings estimates for Alpine Income Property Trust in a research note issued on Thursday, April 18th. B. Riley analyst J. Massocca now expects that the company will post earnings per share of $0.38 for the quarter, down from their prior forecast of $0.39. The consensus estimate for Alpine Income Property Trust’s current full-year earnings is $1.55 per share. B. Riley also issued estimates for Alpine Income Property Trust’s Q2 2024 earnings at $0.38 EPS, Q3 2024 earnings at $0.38 EPS, Q4 2024 earnings at $0.39 EPS, Q1 2025 earnings at $0.40 EPS, Q2 2025 earnings at $0.40 EPS, Q3 2025 earnings at $0.39 EPS, Q4 2025 earnings at $0.40 EPS and FY2025 earnings at $1.59 EPS.

Other equities research analysts have also recently issued reports about the stock. Alliance Global Partners started coverage on shares of Alpine Income Property Trust in a report on Thursday, April 11th. They issued a “buy” rating and a $19.00 target price on the stock. Jonestrading decreased their price target on shares of Alpine Income Property Trust from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday, February 12th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Alpine Income Property Trust has a consensus rating of “Buy” and an average price target of $19.60.

Alpine Income Property Trust Trading Up 0.1 %

Shares of NYSE:PINE opened at $14.59 on Friday. The company’s 50-day moving average price is $15.46 and its two-hundred day moving average price is $15.94. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.64 and a quick ratio of 2.64. Alpine Income Property Trust has a one year low of $14.25 and a one year high of $17.72. The stock has a market capitalization of $198.72 million, a PE ratio of 76.79, a price-to-earnings-growth ratio of 1.57 and a beta of 0.80.

Hedge Funds Weigh In On Alpine Income Property Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of PINE. PNC Financial Services Group Inc. purchased a new stake in shares of Alpine Income Property Trust in the 4th quarter valued at $26,000. State of Wyoming bought a new position in Alpine Income Property Trust in the 2nd quarter worth $29,000. Tower Research Capital LLC TRC raised its holdings in Alpine Income Property Trust by 312.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,910 shares of the company’s stock worth $49,000 after purchasing an additional 2,205 shares in the last quarter. California State Teachers Retirement System bought a new position in Alpine Income Property Trust in the 2nd quarter worth $70,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Alpine Income Property Trust in the 3rd quarter worth $70,000. Hedge funds and other institutional investors own 60.50% of the company’s stock.

Alpine Income Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.10 dividend on an annualized basis and a yield of 7.54%. Alpine Income Property Trust’s dividend payout ratio is presently 578.98%.

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.