Research Analysts Set Expectations for PINE FY2024 Earnings

Alpine Income Property Trust, Inc. (NYSE:PINE) – Equities researchers at B. Riley lifted their FY2024 earnings estimates for Alpine Income Property Trust in a research report issued on Monday, November 18th. B. Riley analyst J. Massocca now expects that the company will post earnings of $1.73 per share for the year, up from their prior estimate of $1.64. B. Riley has a “Buy” rating and a $20.00 price objective on the stock. The consensus estimate for Alpine Income Property Trust’s current full-year earnings is $1.70 per share. B. Riley also issued estimates for Alpine Income Property Trust’s Q4 2024 earnings at $0.45 EPS, Q1 2025 earnings at $0.47 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.47 EPS, Q4 2025 earnings at $0.45 EPS, FY2025 earnings at $1.86 EPS and FY2026 earnings at $1.77 EPS.

Several other equities research analysts have also commented on PINE. UBS Group started coverage on Alpine Income Property Trust in a research note on Monday, October 14th. They set a “neutral” rating and a $19.00 price objective for the company. Raymond James boosted their price target on Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Alliance Global Partners increased their price objective on Alpine Income Property Trust from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Robert W. Baird lifted their target price on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Finally, Truist Financial increased their target price on shares of Alpine Income Property Trust from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.25.

Alpine Income Property Trust Stock Up 0.1 %

PINE opened at $17.66 on Tuesday. The company has a market cap of $252.01 million, a PE ratio of 80.28, a price-to-earnings-growth ratio of 1.73 and a beta of 0.80. Alpine Income Property Trust has a twelve month low of $14.32 and a twelve month high of $19.42. The company has a 50-day moving average price of $17.93 and a 200 day moving average price of $16.93. 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 (NYSE:PINE) last issued its quarterly earnings results on Thursday, October 17th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.19). The company had revenue of $13.48 million during the quarter, compared to analysts’ expectations of $12.08 million. Alpine Income Property Trust had a return on equity of 1.23% and a net margin of 6.72%. During the same period in the previous year, the firm posted $0.37 EPS.

Institutional Trading of Alpine Income Property Trust

Several hedge funds have recently made changes to their positions in the company. Sound Income Strategies LLC raised its position in shares of Alpine Income Property Trust by 8.3% during the 3rd quarter. Sound Income Strategies LLC now owns 795,428 shares of the company’s stock valued at $14,477,000 after buying an additional 60,659 shares during the period. Vanguard Group Inc. raised its position in Alpine Income Property Trust by 0.9% in the first quarter. Vanguard Group Inc. now owns 755,563 shares of the company’s stock valued at $11,545,000 after purchasing an additional 6,522 shares during the period. Kennedy Capital Management LLC lifted its stake in shares of Alpine Income Property Trust by 18.6% in the 1st quarter. Kennedy Capital Management LLC now owns 380,475 shares of the company’s stock valued at $5,814,000 after purchasing an additional 59,674 shares during the last quarter. State Street Corp grew its holdings in shares of Alpine Income Property Trust by 18.7% during the 3rd quarter. State Street Corp now owns 272,081 shares of the company’s stock worth $4,952,000 after purchasing an additional 42,889 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Alpine Income Property Trust by 8.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 188,703 shares of the company’s stock worth $3,434,000 after purchasing an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 60.50% 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.