Alpine Income Property Trust (PINE) to Release Earnings on Thursday

Alpine Income Property Trust (NYSE:PINE) is anticipated to post its quarterly earnings results 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. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Alpine Income Property Trust Price Performance

PINE stock opened at $16.42 on Thursday. Alpine Income Property Trust has a 1 year low of $14.32 and a 1 year high of $19.42. The company has a market cap of $234.24 million, a P/E ratio of 74.62, a PEG ratio of 1.54 and a beta of 0.80. The firm has a 50-day moving average of $17.05 and a 200 day moving average of $17.52. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.85 and a quick ratio of 3.85.

Alpine Income Property Trust Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 6.82%. The ex-dividend date of this dividend was Thursday, December 12th. Alpine Income Property Trust’s payout ratio is currently 509.11%.

Insider Activity

In related news, Director Wein Rachel Elias sold 2,000 shares of the firm’s stock in a transaction that occurred on 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 owns 9,492 shares in the company, 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 SEC, which can be accessed through the SEC website. Corporate insiders own 0.74% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Robert W. Baird increased their price target 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. UBS Group assumed coverage on shares of Alpine Income Property Trust in a report on Monday, October 14th. They issued a “neutral” rating and a $19.00 price objective on the stock. Alliance Global Partners upped their price objective 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. Finally, Stifel Nicolaus upped their price objective on shares of Alpine Income Property Trust from $19.75 to $20.25 and gave the stock a “buy” rating in a report on Monday, October 21st. Two 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, Alpine Income Property Trust currently has a consensus rating of “Moderate Buy” and a consensus price target 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.