Alpine Income Property Trust (NYSE:PINE) Issues FY 2024 Earnings Guidance

Alpine Income Property Trust (NYSE:PINE) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.530-1.580 for the period, compared to the consensus EPS estimate of 1.540. The company issued revenue guidance of -.

Alpine Income Property Trust Stock Performance

Shares of PINE opened at $14.85 on Friday. Alpine Income Property Trust has a 52-week low of $14.25 and a 52-week high of $17.72. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 1.00. The firm’s fifty day moving average is $15.45 and its two-hundred day moving average is $15.93.

Alpine Income Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.275 per share. The ex-dividend date was Wednesday, March 13th. This represents a $1.10 annualized dividend and a yield of 7.41%. Alpine Income Property Trust’s dividend payout ratio (DPR) is presently -2,750.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PINE shares. Alliance Global Partners started 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 on the stock. Jonestrading lowered their target price on shares of Alpine Income Property Trust from $19.00 to $18.00 and set a buy rating on the stock in a research note on Friday. Finally, Stifel Nicolaus lowered their price target on shares of Alpine Income Property Trust from $19.00 to $18.75 and set a buy rating on the stock in a research report on Friday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus price target of $19.15.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in Alpine Income Property Trust by 359.8% in the 2nd quarter. BlackRock Inc. now owns 830,771 shares of the company’s stock valued at $13,500,000 after buying an additional 650,088 shares during the period. Vanguard Group Inc. raised its holdings in Alpine Income Property Trust by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 749,041 shares of the company’s stock valued at $12,666,000 after buying an additional 17,659 shares during the period. Ancora Advisors LLC raised its holdings in Alpine Income Property Trust by 34.9% in the 1st quarter. Ancora Advisors LLC now owns 433,370 shares of the company’s stock valued at $7,294,000 after buying an additional 112,000 shares during the period. Geode Capital Management LLC raised its holdings in Alpine Income Property Trust by 143.2% in the 2nd quarter. Geode Capital Management LLC now owns 287,583 shares of the company’s stock valued at $4,673,000 after buying an additional 169,341 shares during the period. Finally, Two Sigma Investments LP raised its holdings in Alpine Income Property Trust by 338.0% in the 4th quarter. Two Sigma Investments LP now owns 193,711 shares of the company’s stock valued at $3,696,000 after buying an additional 149,482 shares during the period. Institutional investors and hedge funds own 60.50% of the company’s stock.

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.