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

Alpine Income Property Trust (NYSE:PINEGet Rating) will announce its earnings results after the market closes on Thursday, April 21st. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Alpine Income Property Trust (NYSE:PINEGet Rating) last released its quarterly earnings results on Wednesday, February 9th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.32). Alpine Income Property Trust had a return on equity of 4.86% and a net margin of 33.07%. During the same period last year, the company posted $0.36 EPS. 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.

NYSE:PINE opened at $18.19 on Thursday. Alpine Income Property Trust has a twelve month low of $17.30 and a twelve month high of $21.07. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 1.17. The business has a 50 day moving average price of $18.90 and a two-hundred day moving average price of $18.93. The company has a market cap of $213.42 million, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 1.95 and a beta of 0.90.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Thursday, March 10th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date was Wednesday, March 9th. Alpine Income Property Trust’s dividend payout ratio (DPR) is currently 136.71%.

A number of equities analysts have weighed in on PINE shares. Zacks Investment Research downgraded Alpine Income Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th. Truist Financial started coverage on Alpine Income Property Trust in a report on Thursday, January 27th. They issued a “hold” rating and a $20.00 price objective for the company. Finally, Jonestrading started coverage on Alpine Income Property Trust in a report on Wednesday, February 2nd. They issued a “buy” rating and a $23.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Alpine Income Property Trust has an average rating of “Buy” and a consensus target price of $20.92.

In other Alpine Income Property Trust news, SVP Daniel Earl Smith purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 24th. The shares were acquired at an average price of $18.60 per share, for a total transaction of $37,200.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Cto Realty Growth, Inc. purchased 9,551 shares of the company’s stock in a transaction that occurred on Wednesday, April 13th. The stock was acquired at an average price of $18.26 per share, for a total transaction of $174,401.26. Following the purchase, the insider now owns 855,939 shares in the company, valued at approximately $15,629,446.14. The disclosure for this purchase can be found here. In the last three months, insiders bought 20,242 shares of company stock valued at $371,264. 0.29% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in Alpine Income Property Trust during the 4th quarter worth $58,000. Royal Bank of Canada increased its position in shares of Alpine Income Property Trust by 17.0% in the second quarter. Royal Bank of Canada now owns 9,116 shares of the company’s stock worth $173,000 after purchasing an additional 1,327 shares during the period. Morgan Stanley boosted its stake in Alpine Income Property Trust by 136.7% in the second quarter. Morgan Stanley now owns 9,864 shares of the company’s stock valued at $188,000 after buying an additional 5,697 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Alpine Income Property Trust in the fourth quarter valued at about $227,000. Finally, Penserra Capital Management LLC boosted its stake in Alpine Income Property Trust by 167.6% in the fourth quarter. Penserra Capital Management LLC now owns 12,579 shares of the company’s stock valued at $252,000 after buying an additional 7,879 shares in the last quarter. Hedge funds and other institutional investors own 55.19% of the company’s stock.

About Alpine Income Property Trust (Get Rating)

Alpine Income Property Trust, Inc (NYSE: PINE) is a publicly traded real estate investment trust that acquires, owns and operates a portfolio of high-quality single-tenant net leased commercial income properties.

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Earnings History for Alpine Income Property Trust (NYSE:PINE)

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