Alpine Income Property Trust (NYSE:PINE) Releases Quarterly Earnings Results, Beats Expectations By $0.40 EPS

Alpine Income Property Trust (NYSE:PINE) posted its earnings results on Thursday. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.40, Zacks reports. Alpine Income Property Trust had a net margin of 3.96% and a return on equity of 0.76%. Alpine Income Property Trust updated its FY 2025 guidance to 1.700-1.730 EPS.

Alpine Income Property Trust Trading Down 5.7 %

Alpine Income Property Trust stock opened at $16.22 on Friday. The firm has a market cap of $231.46 million, a PE ratio of 115.86, a P/E/G ratio of 1.61 and a beta of 0.80. Alpine Income Property Trust has a 12 month low of $14.32 and a 12 month high of $19.42. The stock’s 50 day simple moving average is $16.87 and its two-hundred day simple moving average is $17.51. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 1.03.

Alpine Income Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be given a dividend of $0.285 per share. This is a boost from Alpine Income Property Trust’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 7.03%. The ex-dividend date of this dividend is Thursday, March 13th. Alpine Income Property Trust’s dividend payout ratio (DPR) is currently 800.00%.

Insider Activity at Alpine Income Property Trust

In other Alpine Income Property Trust news, Director Wein Rachel Elias sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $18.00, for a total value of $36,000.00. Following the sale, the director now directly owns 9,492 shares of the company’s stock, valued at approximately $170,856. This trade represents a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.74% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.