What is B. Riley's Estimate for PINE FY2024 Earnings?

Alpine Income Property Trust, Inc. (NYSE:PINE - Free Report) - Investment analysts at B. Riley upped their FY2024 EPS estimates for shares of Alpine Income Property Trust in a note issued to investors on Monday, November 18th. B. Riley analyst J. Massocca now expects that the company will post earnings of $1.73 per share for the year, up from their previous estimate of $1.64. B. Riley has a "Buy" rating and a $20.00 price objective on the stock. The consensus estimate for Alpine Income Property Trust's current full-year earnings is $1.70 per share. B. Riley also issued estimates for Alpine Income Property Trust's Q4 2024 earnings at $0.45 EPS, Q1 2025 earnings at $0.47 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.47 EPS, Q4 2025 earnings at $0.45 EPS, FY2025 earnings at $1.86 EPS and FY2026 earnings at $1.77 EPS.

Alpine Income Property Trust (NYSE:PINE - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.19). The firm had revenue of $13.48 million during the quarter, compared to the consensus estimate of $12.08 million. Alpine Income Property Trust had a net margin of 6.72% and a return on equity of 1.23%. During the same period in the prior year, the business earned $0.37 EPS.

Other analysts have also issued research reports about the company. Truist Financial lifted their price objective on Alpine Income Property Trust from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Tuesday, July 30th. UBS Group began coverage on shares of Alpine Income Property Trust in a report on Monday, October 14th. They issued a "neutral" rating and a $19.00 price target on the stock. Stifel Nicolaus raised their price objective on shares of Alpine Income Property Trust from $19.75 to $20.25 and gave the stock a "buy" rating in a report on Monday, October 21st. Alliance Global Partners lifted their target price 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. Finally, 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 research report on Monday, October 21st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $19.25.

Alpine Income Property Trust Stock Performance

Shares of NYSE:PINE traded up $0.04 on Tuesday, hitting $17.70. 31,757 shares of the company were exchanged, compared to its average volume of 59,660. The company's 50 day moving average price is $17.91 and its two-hundred day moving average price is $16.95. The firm has a market capitalization of $252.58 million, a price-to-earnings ratio of 80.46, a PEG ratio of 1.73 and a beta of 0.80. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.85 and a current ratio of 3.85. Alpine Income Property Trust has a one year low of $14.32 and a one year high of $19.42.

Hedge Funds Weigh In On Alpine Income Property Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in shares of Alpine Income Property Trust in the third quarter worth about $64,000. Truvestments Capital LLC bought a new stake in Alpine Income Property Trust during the 3rd quarter worth approximately $143,000. Quadrature Capital Ltd bought a new stake in Alpine Income Property Trust during the 3rd quarter worth approximately $239,000. Rhumbline Advisers raised its holdings in Alpine Income Property Trust by 8.0% during the 2nd quarter. Rhumbline Advisers now owns 17,197 shares of the company's stock worth $268,000 after buying an additional 1,272 shares during the period. Finally, Tidal Investments LLC lifted its stake in Alpine Income Property Trust by 5.8% in the first quarter. Tidal Investments LLC now owns 19,466 shares of the company's stock valued at $297,000 after buying an additional 1,064 shares in the last quarter. 60.50% of the stock is owned by institutional investors.

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.