Andrew Richardson Sells 2,000 Shares of Alpine Income Property Trust (NYSE:PINE) Stock

Alpine Income Property Trust, Inc. (NYSE:PINE) Director Andrew Richardson sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $20.28, for a total transaction of $40,560.00. Following the sale, the director directly owned 8,425 shares of the company’s stock, valued at approximately $170,859. The trade was a 19.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Alpine Income Property Trust Stock Down 0.8%

Shares of PINE opened at $20.14 on Friday. The company has a market capitalization of $354.83 million, a P/E ratio of 106.00, a PEG ratio of 1.34 and a beta of 0.54. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.85 and a quick ratio of 1.85. Alpine Income Property Trust, Inc. has a one year low of $13.10 and a one year high of $21.99. The business’s 50 day simple moving average is $20.13 and its 200-day simple moving average is $19.34.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Alpine Income Property Trust had a return on equity of 2.11% and a net margin of 9.36%.The business had revenue of $20.00 million for the quarter, compared to analyst estimates of $18.85 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.120-2.150 EPS. As a group, sell-side analysts predict that Alpine Income Property Trust, Inc. will post 2.16 EPS for the current fiscal year.

Alpine Income Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, September 10th. This is a boost from Alpine Income Property Trust’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 6.4%. Alpine Income Property Trust’s dividend payout ratio (DPR) is currently 631.58%.

Institutional Investors Weigh In On Alpine Income Property Trust

Several hedge funds and other institutional investors have recently made changes to their positions in PINE. Triumph Capital Management bought a new stake in shares of Alpine Income Property Trust during the fourth quarter worth $33,000. Key Capital Management INC bought a new position in Alpine Income Property Trust in the fourth quarter valued at about $38,000. Strs Ohio acquired a new stake in Alpine Income Property Trust in the first quarter worth about $42,000. PNC Financial Services Group Inc. raised its holdings in Alpine Income Property Trust by 74.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,097 shares of the company’s stock worth $69,000 after purchasing an additional 1,746 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in Alpine Income Property Trust by 36.3% during the 4th quarter. Royal Bank of Canada now owns 5,134 shares of the company’s stock worth $86,000 after purchasing an additional 1,366 shares during the last quarter. 60.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PINE. Truist Financial lowered their target price on Alpine Income Property Trust from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, May 21st. JonesTrading upped their price target on shares of Alpine Income Property Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Robert W. Baird reissued a “neutral” rating and set a $21.00 price objective (up from $18.00) on shares of Alpine Income Property Trust in a report on Monday, June 29th. Huntington initiated 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. Finally, Zacks Research downgraded shares of Alpine Income Property Trust from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.50.

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.