Alpine Income Property Trust (NYSE:PINE) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Alpine Income Property Trust (NYSE:PINE) announced its quarterly earnings data on Thursday. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02, FiscalAI reports. The firm had revenue of $20.00 million during the quarter, compared to analysts’ expectations of $18.85 million. Alpine Income Property Trust had a return on equity of 0.25% and a net margin of 1.09%. Alpine Income Property Trust updated its FY 2026 guidance to 2.120-2.150 EPS.

Alpine Income Property Trust Stock Performance

Shares of PINE traded down $0.29 during mid-day trading on Thursday, reaching $20.59. The company’s stock had a trading volume of 125,710 shares, compared to its average volume of 176,131. Alpine Income Property Trust has a 1-year low of $13.10 and a 1-year high of $21.99. The stock has a market cap of $340.13 million, a P/E ratio of -228.74, a PEG ratio of 1.43 and a beta of 0.54. The business has a 50-day simple moving average of $19.94 and a two-hundred day simple moving average of $19.18. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 1.08.

Alpine Income Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 11th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.8%. The ex-dividend date was Thursday, June 11th. Alpine Income Property Trust’s dividend payout ratio (DPR) is -1,333.33%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Stifel Nicolaus set a $21.50 price objective on shares of Alpine Income Property Trust in a research note on Friday, April 24th. Alliance Global Partners reissued a “buy” rating on shares of Alpine Income Property Trust in a report on Tuesday, April 28th. Huntington assumed coverage on shares of Alpine Income Property Trust in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $23.00 price objective for the company. Weiss Ratings downgraded Alpine Income Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 17th. Finally, JonesTrading reiterated a “buy” rating and set a $22.00 target price on shares of Alpine Income Property Trust in a report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.31.

Insider Buying and Selling at Alpine Income Property Trust

In other Alpine Income Property Trust news, Director Andrew C. Richardson sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $19.35, for a total transaction of $58,050.00. Following the completion of the sale, the director directly owned 14,376 shares in the company, valued at $278,175.60. This trade represents a 17.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 7,832 shares of company stock valued at $153,097 over the last 90 days. 0.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alpine Income Property Trust

A number of large investors have recently added to or reduced their stakes in PINE. Invesco Ltd. raised its position in shares of Alpine Income Property Trust by 1,344.2% in the 4th quarter. Invesco Ltd. now owns 441,935 shares of the company’s stock valued at $7,389,000 after buying an additional 411,334 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Alpine Income Property Trust by 21.3% during the 4th quarter. AQR Capital Management LLC now owns 30,109 shares of the company’s stock worth $503,000 after acquiring an additional 5,283 shares in the last quarter. Jump Financial LLC bought a new position in Alpine Income Property Trust in the fourth quarter valued at approximately $241,000. Osaic Holdings Inc. raised its holdings in shares of Alpine Income Property Trust by 3,481.5% during the 4th quarter. Osaic Holdings Inc. now owns 13,001 shares of the company’s stock worth $217,000 after buying an additional 12,638 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Alpine Income Property Trust by 44.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 14,801 shares of the company’s stock worth $247,000 after buying an additional 4,574 shares in the last quarter. Institutional investors and hedge funds own 60.50% of the company’s stock.

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.