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

Alpine Income Property Trust (NYSE:PINE) issued its earnings results on Thursday. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.40, Zacks reports. Alpine Income Property Trust had a net margin of 6.72% and a return on equity of 1.23%. Alpine Income Property Trust updated its FY 2025 guidance to 1.700-1.730 EPS.

Alpine Income Property Trust Trading Down 6.3 %

Shares of NYSE PINE traded down $1.09 during midday trading on Friday, reaching $16.11. 108,701 shares of the stock were exchanged, compared to its average volume of 89,533. The company has a market capitalization of $229.89 million, a price-to-earnings ratio of 72.98, a P/E/G ratio of 1.58 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 $16.90 and a two-hundred day simple moving average of $17.52. Alpine Income Property Trust has a 12 month low of $14.32 and a 12 month high of $19.42.

Alpine Income Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 6.95%. The ex-dividend date was Thursday, December 12th. Alpine Income Property Trust’s payout ratio is 509.11%.

Insider Buying and Selling

In other Alpine Income Property Trust news, Director Wein Rachel Elias sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $18.00, for a total transaction of $36,000.00. Following the transaction, the director now owns 9,492 shares of the company’s stock, valued at $170,856. The trade was a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.74% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Robert W. Baird lifted their price objective 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. 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 target for the company. Stifel Nicolaus lifted their target price on Alpine Income Property Trust from $19.75 to $20.25 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Alliance Global Partners upped their price target on shares of Alpine Income Property Trust from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently 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.