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

Alpine Income Property Trust (NYSE:PINE - Get Free Report) will likely be announcing its earnings results after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $13.21 million for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Alpine Income Property Trust Trading Up 0.5 %

Shares of Alpine Income Property Trust stock traded up $0.07 during trading on Thursday, hitting $16.46. The company's stock had a trading volume of 93,709 shares, compared to its average volume of 86,358. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.85 and a quick ratio of 3.85. Alpine Income Property Trust has a 52 week low of $14.32 and a 52 week high of $19.42. The stock has a market cap of $234.99 million, a price-to-earnings ratio of 74.84, a price-to-earnings-growth ratio of 1.54 and a beta of 0.80. The stock has a 50-day moving average price of $17.02 and a two-hundred day moving average price of $17.51.

Alpine Income Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, December 12th were paid a $0.28 dividend. The ex-dividend date was Thursday, December 12th. This represents a $1.12 annualized dividend and a dividend yield of 6.80%. Alpine Income Property Trust's dividend payout ratio is 509.09%.

Insider Buying and Selling at Alpine Income Property Trust

In other news, Director Wein Rachel Elias sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $18.00, for a total transaction of $36,000.00. Following the completion of the sale, the director now owns 9,492 shares in the company, valued at $170,856. This trade represents a 17.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.74% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Robert W. Baird upped their price target on shares of Alpine Income Property Trust from $18.00 to $19.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Stifel Nicolaus upped their price target on shares of 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 assumed 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 price target on the stock. Finally, Alliance Global Partners upped their price target 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $19.25.

Alpine Income Property Trust Company Profile

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.