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

Alpine Income Property Trust (NYSE:PINE - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.40, Zacks reports. Alpine Income Property Trust had a return on equity of 0.76% and a net margin of 3.96%. Alpine Income Property Trust updated its FY 2025 guidance to 1.700-1.730 EPS.

Alpine Income Property Trust Trading Down 1.1 %

Shares of PINE traded down $0.19 during trading hours on Monday, hitting $16.04. The company had a trading volume of 152,461 shares, compared to its average volume of 97,933. Alpine Income Property Trust has a 52-week low of $14.32 and a 52-week high of $19.42. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 1.03. The stock's 50 day moving average price is $16.87 and its 200 day moving average price is $17.52. The firm has a market cap of $228.82 million, a P/E ratio of 114.54, a P/E/G ratio of 1.61 and a beta of 0.80.

Alpine Income Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 7.11%. This is a positive change from Alpine Income Property Trust's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, March 13th. Alpine Income Property Trust's dividend payout ratio is presently 800.00%.

Insider Activity at Alpine Income Property Trust

In other Alpine Income Property Trust news, Director Wein Rachel Elias sold 2,000 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $18.00, for a total value of $36,000.00. Following the transaction, the director now owns 9,492 shares in the company, valued at approximately $170,856. The trade was a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.74% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PINE shares. Stifel Nicolaus lifted their price target on Alpine Income Property Trust from $19.75 to $20.25 and gave the company a "buy" rating in a research report on Monday, October 21st. UBS Group began coverage on shares of Alpine Income Property Trust in a research report on Monday, October 14th. They set a "neutral" rating and a $19.00 target price for the company. Robert W. Baird increased their price target on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. Finally, Alliance Global Partners raised their price objective 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Alpine Income Property Trust currently has a consensus rating of "Moderate Buy" and an average price target 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.