Alpine Income Property Trust (PINE) Projected to Post Earnings on Thursday

Alpine Income Property Trust (NYSE:PINE) is projected to issue its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect Alpine Income Property Trust to post earnings of $0.04 per share and revenue of $13.21 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Alpine Income Property Trust Price Performance

PINE opened at $17.05 on Wednesday. The firm has a market capitalization of $243.30 million, a P/E ratio of 77.50, a PEG ratio of 1.58 and a beta of 0.80. The stock has a fifty day moving average of $16.95 and a 200-day moving average of $17.52. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 1.03. Alpine Income Property Trust has a 12-month low of $14.32 and a 12-month high of $19.42.

Alpine Income Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, December 12th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 6.57%. The ex-dividend date of this dividend was Thursday, December 12th. Alpine Income Property Trust’s dividend payout ratio is currently 509.11%.

Insider Transactions at Alpine Income Property Trust

In other news, Director Wein Rachel Elias sold 2,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $18.00, for a total transaction of $36,000.00. Following the transaction, the director now owns 9,492 shares of the company’s stock, valued at approximately $170,856. This represents a 17.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.74% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Robert W. Baird lifted their target price on Alpine Income Property Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Alliance Global Partners boosted their price objective on shares of Alpine Income Property Trust from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, October 18th. UBS Group started coverage on shares of Alpine Income Property Trust in a research report on Monday, October 14th. They issued a “neutral” rating and a $19.00 target price for the company. Finally, Stifel Nicolaus lifted their target price on shares of Alpine Income Property Trust from $19.75 to $20.25 and gave the company a “buy” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.25.

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.