Analysts Anticipate Alpine Income Property Trust, Inc. (NYSE:PINE) Will Announce Quarterly Sales of $11.05 Million

Wall Street analysts expect that Alpine Income Property Trust, Inc. (NYSE:PINE – Get Rating) will announce sales of $11.05 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Alpine Income Property Trust’s earnings. The lowest sales estimate is $10.82 million and the highest is $11.27 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 67.4%. The business is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Alpine Income Property Trust will report full-year sales of $45.44 million for the current fiscal year, with estimates ranging from $43.33 million to $46.68 million. For the next financial year, analysts anticipate that the company will post sales of $57.38 million, with estimates ranging from $43.67 million to $63.72 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Alpine Income Property Trust.

Alpine Income Property Trust (NYSE:PINE – Get Rating) last released its quarterly earnings data on Thursday, April 21st. The company reported $0.06 EPS for the quarter, missing the consensus estimate 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 period in the previous year, the business posted $0.42 earnings per share.

PINE has been the subject of a number of recent analyst reports. TheStreet downgraded Alpine Income Property Trust from a “c” rating to a “d+” rating in a research report on Friday, May 13th. Zacks Investment Research cut Alpine Income Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Jonestrading initiated coverage on Alpine Income Property Trust in a research note on Wednesday, February 2nd. They set a “buy” rating and a $23.00 target price for the company. Finally, Truist Financial assumed coverage on Alpine Income Property Trust in a research note on Thursday, January 27th. They set a “hold” rating and a $20.00 target price for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $20.75.

NYSE PINE opened at $18.51 on Thursday. Alpine Income Property Trust has a one year low of $17.30 and a one year high of $21.07. The company has a market cap of $219.03 million, a P/E ratio of 23.13, a P/E/G ratio of 1.87 and a beta of 0.82. The business has a fifty day moving average price of $18.71 and a 200 day moving average price of $18.95. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.74 and a current ratio of 0.74.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 9th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, June 8th. This represents a $1.08 annualized dividend and a yield of 5.83%. Alpine Income Property Trust’s dividend payout ratio is presently 135.00%.

In other news, major shareholder Cto Realty Growth, Inc. bought 3,600 shares of Alpine Income Property Trust stock in a transaction on Wednesday, May 4th. The shares were bought at an average price of $18.48 per share, with a total value of $66,528.00. Following the acquisition, the insider now directly owns 872,688 shares in the company, valued at approximately $16,127,274.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Daniel Earl Smith bought 2,000 shares of Alpine Income Property Trust stock in a transaction on Thursday, March 24th. The shares were purchased at an average cost of $18.60 per share, for a total transaction of $37,200.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 35,764 shares of company stock valued at $656,058. Insiders own 0.50% of the company’s stock.

Several hedge funds have recently modified their holdings of PINE. Diligent Investors LLC acquired a new stake in shares of Alpine Income Property Trust in the fourth quarter worth $208,000. Goff John C bought a new position in shares of Alpine Income Property Trust in the fourth quarter worth about $10,718,000. Geode Capital Management LLC increased its stake in shares of Alpine Income Property Trust by 16.3% in the third quarter. Geode Capital Management LLC now owns 91,296 shares of the company’s stock worth $1,677,000 after purchasing an additional 12,828 shares during the period. Strs Ohio acquired a new stake in Alpine Income Property Trust during the fourth quarter worth about $224,000. Finally, Advisor Group Holdings Inc. grew its position in Alpine Income Property Trust by 63.0% during the third quarter. Advisor Group Holdings Inc. now owns 6,926 shares of the company’s stock worth $126,000 after buying an additional 2,676 shares in the last quarter. Institutional investors own 55.94% 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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