Alpine Income Property Trust (NYSE:PINE) Issues Earnings Results, Beats Estimates By $0.40 EPS

Alpine Income Property Trust (NYSE:PINE) posted its quarterly earnings results on Thursday. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Stock Performance

NYSE:PINE opened at $16.22 on Friday. 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 twelve month low of $14.32 and a twelve month high of $19.42. The stock has a market cap of $231.46 million, a P/E ratio of 115.86, a price-to-earnings-growth ratio of 1.61 and a beta of 0.80. The firm’s fifty day simple moving average is $16.87 and its 200 day simple moving average is $17.51.

Alpine Income Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.285 per share. The ex-dividend date is Thursday, March 13th. 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 dividend yield of 7.03%. Alpine Income Property Trust’s payout ratio is 800.00%.

Insider Activity at Alpine Income Property Trust

In other news, Director Wein Rachel Elias sold 2,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were 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 $170,856. This represents a 17.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.74% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on PINE. Alliance Global Partners increased their price objective on Alpine Income Property Trust from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Stifel Nicolaus increased 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 report on Monday, October 21st. UBS Group initiated 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 for the company. Finally, Robert W. Baird increased their price target 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. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Alpine Income Property Trust has a consensus 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.