Wall Street brokerages expect Alpine Income Property Trust, Inc. (NYSE:PINE – Get Rating) to announce sales of $11.07 million for the current quarter, Zacks reports. Four analysts have issued estimates for Alpine Income Property Trust’s earnings. The highest sales estimate is $11.38 million and the lowest is $10.82 million. Alpine Income Property Trust posted sales of $6.60 million in the same quarter last year, which suggests a positive year over year growth rate of 67.7%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Alpine Income Property Trust will report full year sales of $45.75 million for the current fiscal year, with estimates ranging from $43.33 million to $47.91 million. For the next financial year, analysts anticipate that the business will post sales of $58.20 million, with estimates ranging from $43.67 million to $66.42 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Alpine Income Property Trust.
Alpine Income Property Trust (NYSE:PINE – Get Rating) last posted its quarterly earnings data on Thursday, April 21st. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.37). Alpine Income Property Trust had a return on equity of 4.58% and a net margin of 29.48%. During the same quarter last year, the company earned $0.42 EPS.
In related news, SVP Daniel Earl Smith purchased 2,000 shares of the stock in a transaction on Thursday, March 24th. The shares were purchased at an average cost of $18.60 per share, with a total value of $37,200.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Cto Realty Growth, Inc. purchased 7,400 shares of the stock in a transaction on Monday, April 11th. The stock was bought at an average cost of $18.35 per share, for a total transaction of $135,790.00. Following the completion of the acquisition, the insider now owns 836,043 shares in the company, valued at $15,341,389.05. The disclosure for this purchase can be found here. Insiders purchased a total of 34,248 shares of company stock valued at $628,430 over the last quarter. 0.50% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in PINE. Advisor Group Holdings Inc. increased its holdings in shares of Alpine Income Property Trust by 142.6% during the first quarter. Advisor Group Holdings Inc. now owns 40,085 shares of the company’s stock worth $754,000 after purchasing an additional 23,564 shares during the period. ClariVest Asset Management LLC bought a new position in shares of Alpine Income Property Trust during the first quarter worth approximately $803,000. Truvestments Capital LLC increased its holdings in shares of Alpine Income Property Trust by 740.3% during the first quarter. Truvestments Capital LLC now owns 14,285 shares of the company’s stock worth $269,000 after purchasing an additional 12,585 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of Alpine Income Property Trust by 28.2% during the first quarter. Exchange Traded Concepts LLC now owns 37,286 shares of the company’s stock worth $701,000 after purchasing an additional 8,203 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of Alpine Income Property Trust by 13.0% during the fourth quarter. BlackRock Inc. now owns 152,080 shares of the company’s stock worth $3,048,000 after purchasing an additional 17,512 shares during the period. 55.94% of the stock is currently owned by hedge funds and other institutional investors.
Alpine Income Property Trust stock opened at $18.48 on Friday. The firm has a 50-day moving average of $18.87 and a 200-day moving average of $18.98. Alpine Income Property Trust has a one year low of $17.30 and a one year high of $21.07. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $218.67 million, a price-to-earnings ratio of 23.10, a P/E/G ratio of 1.89 and a beta of 0.82.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Thursday, March 10th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 9th. This represents a $1.08 annualized dividend and a yield of 5.84%. Alpine Income Property Trust’s dividend payout ratio (DPR) is currently 135.00%.
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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