B. Riley Equities Analysts Cut Earnings Estimates for PINE

Alpine Income Property Trust, Inc. (NYSE:PINE) – Investment analysts at B. Riley cut their FY2024 earnings per share (EPS) estimates for shares of Alpine Income Property Trust in a research note issued on Wednesday, February 5th. B. Riley analyst J. Massocca now forecasts that the company will post earnings per share of $1.72 for the year, down from their previous forecast of $1.73. The consensus estimate for Alpine Income Property Trust’s current full-year earnings is $1.78 per share. B. Riley also issued estimates for Alpine Income Property Trust’s Q4 2024 earnings at $0.44 EPS, Q1 2025 earnings at $0.45 EPS, Q2 2025 earnings at $0.46 EPS, Q3 2025 earnings at $0.45 EPS, Q4 2025 earnings at $0.44 EPS, FY2025 earnings at $1.80 EPS and FY2026 earnings at $1.71 EPS.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.40. Alpine Income Property Trust had a net margin of 3.96% and a return on equity of 0.76%.

Several other analysts have also weighed in on PINE. Stifel Nicolaus increased their price target on Alpine Income Property Trust from $19.75 to $20.25 and gave the company a “buy” rating in a report on Monday, October 21st. Alliance Global Partners increased their target price on shares of 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. UBS Group began coverage on shares of Alpine Income Property Trust in a research note on Monday, October 14th. They set a “neutral” rating and a $19.00 price target for the company. Finally, Robert W. Baird increased their price objective on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. 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.

Alpine Income Property Trust Price Performance

NYSE:PINE opened at $16.04 on Monday. The firm has a market capitalization of $228.82 million, a price-to-earnings ratio of 114.54, a PEG ratio of 1.61 and a beta of 0.80. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.85 and a quick ratio of 3.85. The business has a 50 day simple moving average of $16.87 and a 200-day simple moving average of $17.52. Alpine Income Property Trust has a 1 year low of $14.32 and a 1 year high of $19.42.

Alpine Income Property Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be paid a $0.285 dividend. This is an increase from Alpine Income Property Trust’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a yield of 7.11%. The ex-dividend date of this dividend is Thursday, March 13th. Alpine Income Property Trust’s dividend payout ratio is currently 800.00%.

Insider Transactions at Alpine Income Property Trust

In related 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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.74% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PINE. State Street Corp raised its position in shares of Alpine Income Property Trust by 18.7% in the 3rd quarter. State Street Corp now owns 272,081 shares of the company’s stock valued at $4,952,000 after purchasing an additional 42,889 shares during the last quarter. Barclays PLC boosted its stake in shares of Alpine Income Property Trust by 282.4% during the 3rd quarter. Barclays PLC now owns 16,411 shares of the company’s stock worth $299,000 after acquiring an additional 12,119 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Alpine Income Property Trust by 26.6% during the third quarter. JPMorgan Chase & Co. now owns 7,068 shares of the company’s stock worth $129,000 after purchasing an additional 1,483 shares in the last quarter. Sound Income Strategies LLC grew its stake in Alpine Income Property Trust by 8.3% in the 3rd quarter. Sound Income Strategies LLC now owns 795,428 shares of the company’s stock valued at $14,477,000 after acquiring an additional 60,659 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Alpine Income Property Trust by 216.2% during the third quarter. Jane Street Group LLC now owns 43,486 shares of the company’s stock worth $791,000 after purchasing an additional 29,735 shares in the last quarter. 60.50% of the stock is owned by institutional investors.

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.