FY2024 EPS Estimates for Alpine Income Property Trust, Inc. Cut by B. Riley (NYSE:PINE)

Alpine Income Property Trust, Inc. (NYSE:PINE) – B. Riley lowered their FY2024 earnings estimates for shares of Alpine Income Property Trust in a report issued on Thursday, April 18th. B. Riley analyst J. Massocca now anticipates that the company will earn $1.53 per share for the year, down from their prior forecast of $1.57. The consensus estimate for Alpine Income Property Trust’s current full-year earnings is $1.56 per share.

A number of other equities research analysts have also commented on the stock. BTIG Research decreased their price objective on shares of Alpine Income Property Trust from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Monday. Alliance Global Partners assumed coverage on shares of Alpine Income Property Trust in a report on Thursday, April 11th. They set a “buy” rating and a $19.00 price objective on the stock. Jonestrading decreased their price objective on shares of Alpine Income Property Trust from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Finally, Stifel Nicolaus reduced their target price on shares of Alpine Income Property Trust from $19.00 to $18.75 and set a “buy” rating on the stock in a research note on Friday, April 19th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $18.35.

Alpine Income Property Trust Stock Up 0.9 %

Shares of NYSE:PINE opened at $15.42 on Monday. Alpine Income Property Trust has a 12 month low of $14.25 and a 12 month high of $17.72. The company’s 50-day moving average price is $15.43 and its two-hundred day moving average price is $15.91. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. The firm has a market cap of $210.02 million, a P/E ratio of -385.50, a P/E/G ratio of 1.59 and a beta of 0.80.

Alpine Income Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued 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 7.13%. Alpine Income Property Trust’s dividend payout ratio (DPR) is currently -2,750.00%.

Institutional Trading of Alpine Income Property Trust

Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its position in shares of Alpine Income Property Trust by 6.5% in the third quarter. Bank of New York Mellon Corp now owns 111,337 shares of the company’s stock worth $1,821,000 after purchasing an additional 6,756 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Alpine Income Property Trust in the third quarter valued at $70,000. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of Alpine Income Property Trust by 0.7% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 210,880 shares of the company’s stock valued at $3,450,000 after acquiring an additional 1,485 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Alpine Income Property Trust by 52.0% in the third quarter. Nisa Investment Advisors LLC now owns 5,113 shares of the company’s stock valued at $84,000 after acquiring an additional 1,750 shares during the period. Finally, Private Advisor Group LLC boosted its position in shares of Alpine Income Property Trust by 19.5% in the third quarter. Private Advisor Group LLC now owns 13,542 shares of the company’s stock valued at $222,000 after acquiring an additional 2,207 shares during the period. 60.50% of the stock is currently owned by institutional investors and hedge funds.

About Alpine Income Property Trust

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.