Alpine Income Property Trust, Inc. (NYSE:PINE) Raises Dividend to $0.30 Per Share

Alpine Income Property Trust, Inc. (NYSE:PINE) announced a quarterly dividend on Thursday, February 5th. Investors of record on Thursday, March 12th will be paid a dividend of 0.30 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Thursday, March 12th. This is a 5.3% increase from Alpine Income Property Trust’s previous quarterly dividend of $0.29.

Alpine Income Property Trust has raised its dividend payment by an average of 0.8%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Alpine Income Property Trust has a dividend payout ratio of 3,800.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Alpine Income Property Trust to earn $1.73 per share next year, which means the company should continue to be able to cover its $1.14 annual dividend with an expected future payout ratio of 65.9%.

Alpine Income Property Trust Trading Up 6.8%

NYSE:PINE opened at $19.73 on Friday. The firm has a fifty day simple moving average of $17.20 and a two-hundred day simple moving average of $15.61. The stock has a market capitalization of $279.48 million, a price-to-earnings ratio of -56.37 and a beta of 0.59. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.46. Alpine Income Property Trust has a 12 month low of $13.10 and a 12 month high of $19.38.

Alpine Income Property Trust (NYSE:PINE) last announced its earnings results on Thursday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.43). Alpine Income Property Trust had a negative net margin of 8.86% and a negative return on equity of 1.96%. The company had revenue of $16.90 million for the quarter, compared to analysts’ expectations of $15.28 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.090-2.130 EPS. Analysts expect that Alpine Income Property Trust will post 1.74 EPS for the current fiscal year.

Institutional Trading of Alpine Income Property Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PINE. Atlantic Union Bankshares Corp purchased a new stake in shares of Alpine Income Property Trust in the 3rd quarter worth $25,000. Key Capital Management INC purchased a new stake in Alpine Income Property Trust in the fourth quarter worth about $38,000. Strs Ohio bought a new position in shares of Alpine Income Property Trust in the first quarter worth about $42,000. PNC Financial Services Group Inc. raised its stake in shares of Alpine Income Property Trust by 74.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,097 shares of the company’s stock worth $69,000 after buying an additional 1,746 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Alpine Income Property Trust by 197.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,677 shares of the company’s stock valued at $95,000 after buying an additional 4,433 shares in the last quarter. 60.50% of the stock is owned by hedge funds and other institutional investors.

About Alpine Income Property Trust

Alpine Income Property Trust, Inc is a publicly traded real estate investment trust that specializes in acquiring, owning and managing single-tenant net lease properties. The company focuses on sale-leaseback and build-to-suit transactions with food and beverage companies, targeting facilities that support production, distribution and processing operations. By structuring long-term, triple-net leases, Alpine Income Property Trust seeks to deliver stable, predictable cash flow while allowing tenants to unlock capital from real estate assets and reinvest in their core businesses.

The company’s portfolio is diversified across multiple U.S.