Alpine Income Property Trust (NYSE:PINE – Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.38), Yahoo Finance reports. The firm had revenue of $12.49 million for the quarter, compared to the consensus estimate of $12.10 million. Alpine Income Property Trust had a negative net margin of 1.16% and a negative return on equity of 0.20%. During the same quarter in the prior year, the firm posted $0.37 earnings per share. Alpine Income Property Trust updated its FY 2024 guidance to 1.600-1.640 EPS.
Alpine Income Property Trust Stock Performance
NYSE:PINE opened at $16.80 on Friday. The stock has a market capitalization of $228.82 million, a P/E ratio of -420.00, a price-to-earnings-growth ratio of 1.78 and a beta of 0.79. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00. Alpine Income Property Trust has a 1 year low of $14.25 and a 1 year high of $17.72. The firm has a 50 day moving average of $15.53 and a 200-day moving average of $15.55.
Alpine Income Property Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.10 annualized dividend and a yield of 6.55%. Alpine Income Property Trust’s dividend payout ratio is -2,750.00%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on Alpine Income Property Trust
Insider Transactions at Alpine Income Property Trust
In other Alpine Income Property Trust news, major shareholder Cto Realty Growth, Inc. acquired 7,959 shares of the business’s stock in a transaction on Thursday, June 27th. The stock was purchased at an average price of $14.97 per share, for a total transaction of $119,146.23. Following the transaction, the insider now owns 190,094 shares in the company, valued at approximately $2,845,707.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have acquired 21,804 shares of company stock valued at $326,747 in the last three months. 0.74% of the stock is owned by corporate insiders.
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.
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