Alpine Income Property Trust (NYSE:PINE – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.600-1.640 for the period, compared to the consensus estimate of 1.570. The company issued revenue guidance of -.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the stock. Jonestrading lowered their price target 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. 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 report on Friday, April 19th. 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 target on the stock. Finally, BTIG Research lowered their price target 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, April 22nd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alpine Income Property Trust currently has a consensus rating of Buy and an average target price of $18.69.
View Our Latest Stock Analysis on PINE
Alpine Income Property Trust Price Performance
Alpine Income Property Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 6.56%. The ex-dividend date was Thursday, June 13th. Alpine Income Property Trust’s payout ratio is currently -2,750.00%.
Insider Buying and Selling
In other news, major shareholder Cto Realty Growth, Inc. acquired 7,959 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was purchased at an average cost of $14.97 per share, for a total transaction of $119,146.23. Following the completion of the transaction, the insider now owns 190,094 shares in the company, valued at $2,845,707.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders bought 21,804 shares of company stock worth $326,747. Insiders own 0.74% 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.
Featured Stories
- Five stocks we like better than Alpine Income Property Trust
- What is the S&P 500 and How It is Distinct from Other Indexes
- This Cybersecurity Stock Gains Analysts’ Favor for Strong Growth
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Parabolic Rise of This Stock Shows No Signs of Slowing
- Which Wall Street Analysts are the Most Accurate?
- Risk Tolerance vs. Risk Appetite: Key Differences
Receive News & Ratings for Alpine Income Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alpine Income Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.