Alpine Income Property Trust (PINE) to Post Quarterly Earnings on Thursday

Alpine Income Property Trust (NYSE:PINE) will post its quarterly earnings results after the market closes on Thursday, October 17th. Analysts expect Alpine Income Property Trust to post earnings of $0.40 per share for the quarter. Alpine Income Property Trust has set its FY 2024 guidance at 1.600-1.640 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Alpine Income Property Trust (NYSE:PINE) last posted its earnings results on Thursday, July 18th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.38). Alpine Income Property Trust had a negative return on equity of 0.20% and a negative net margin of 1.16%. The company had revenue of $12.49 million during the quarter, compared to analysts’ expectations of $12.10 million. During the same period in the prior year, the business posted $0.37 earnings per share. On average, analysts expect Alpine Income Property Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Alpine Income Property Trust Price Performance

PINE stock opened at $17.25 on Wednesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.88 and a quick ratio of 0.88. Alpine Income Property Trust has a 1 year low of $14.25 and a 1 year high of $19.42. The firm has a 50-day moving average of $17.98 and a 200 day moving average of $16.45. The company has a market cap of $235.00 million, a P/E ratio of -431.25, a PEG ratio of 1.76 and a beta of 0.80.

Alpine Income Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 12th were given a $0.28 dividend. The ex-dividend date was Thursday, September 12th. This represents a $1.12 annualized dividend and a dividend yield of 6.49%. This is a positive change from Alpine Income Property Trust’s previous quarterly dividend of $0.28. Alpine Income Property Trust’s dividend payout ratio is currently -2,800.00%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PINE. Truist Financial increased their price objective on Alpine Income Property Trust from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. B. Riley reissued a “buy” rating and set a $20.00 price target (up from $19.50) on shares of Alpine Income Property Trust in a research report on Wednesday, July 24th. Stifel Nicolaus upped their price objective on shares of Alpine Income Property Trust from $18.00 to $19.25 and gave the stock a “buy” rating in a report on Friday, July 19th. UBS Group initiated coverage on shares of Alpine Income Property Trust in a report on Monday. They set a “neutral” rating and a $19.00 target price for the company. Finally, Raymond James upped their price target on Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.91.

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.