Alpine Income Property Trust, Inc. (NYSE:PINE) Expected to Earn FY2024 Earnings of $1.53 Per Share

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

Several other analysts also recently weighed in on the company. BTIG Research decreased their target price on Alpine Income Property Trust from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Monday. Jonestrading decreased their target price on Alpine Income Property Trust from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Friday. Stifel Nicolaus decreased their target price on Alpine Income Property Trust from $19.00 to $18.75 and set a “buy” rating for the company in a research note on Friday. Finally, Alliance Global Partners began coverage on Alpine Income Property Trust in a research note on Thursday, April 11th. They set a “buy” rating and a $19.00 target price for the company. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $18.35.

Alpine Income Property Trust Price Performance

Shares of NYSE:PINE opened at $15.29 on Monday. The business has a 50 day moving average price of $15.43 and a 200 day moving average price of $15.92. Alpine Income Property Trust has a twelve month low of $14.25 and a twelve month high of $17.72. The company has a market cap of $208.25 million, a price-to-earnings ratio of -382.25, a PEG ratio of 1.59 and a beta of 0.80. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00.

Hedge Funds Weigh In On Alpine Income Property Trust

Several large investors have recently added to or reduced their stakes in PINE. Bank of New York Mellon Corp raised its holdings in Alpine Income Property Trust by 6.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 111,337 shares of the company’s stock valued at $1,821,000 after acquiring 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 3rd quarter worth approximately $70,000. Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in shares of Alpine Income Property Trust by 0.7% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 210,880 shares of the company’s stock worth $3,450,000 after buying an additional 1,485 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Alpine Income Property Trust by 52.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,113 shares of the company’s stock worth $84,000 after buying an additional 1,750 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Alpine Income Property Trust by 19.5% in the 3rd quarter. Private Advisor Group LLC now owns 13,542 shares of the company’s stock worth $222,000 after buying an additional 2,207 shares in the last quarter. Institutional investors and hedge funds own 60.50% of the company’s stock.

Alpine Income Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.10 annualized dividend and a yield of 7.19%. Alpine Income Property Trust’s dividend payout ratio (DPR) is -2,750.00%.

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.